Clarus Corporation (NASDAQ:CLAR) Stock Has Consensus Target Price of $4.06 According to Brokerages

Clarus Corporation (NASDAQ:CLAR) has been given an average rating of “Hold” by the six brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $4.06.

CLAR has been the subject of a number of research analyst reports. B. Riley Financial boosted their target price on Clarus from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Monday, August 10th. Wall Street Zen raised Clarus from a “hold” rating to a “buy” rating in a research report on Sunday, September 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Clarus in a report on Monday, August 31st. Finally, Roth Capital boosted their price objective on Clarus from $2.90 to $3.75 and gave the company a “neutral” rating in a research report on Monday, August 10th.

Clarus Stock Performance

CLAR opened at $3.45 on Friday. The firm’s fifty day moving average is $3.58 and its two-hundred day moving average is $3.17. The firm has a market cap of $132.62 million, a PE ratio of -4.21 and a beta of 1.10. Clarus has a twelve month low of $2.53 and a twelve month high of $3.97.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.25. Clarus had a negative net margin of 12.44% and a positive return on equity of 4.35%. The company had revenue of $56.16 million during the quarter, compared to analyst estimates of $51.54 million. Equities analysts forecast that Clarus will post 0.26 EPS for the current fiscal year.

Clarus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were paid a $0.0250 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.10 dividend on an annualized basis and a yield of 2.9%. Clarus’s payout ratio is presently -12.20%.

Institutional Investors Weigh In On Clarus

Several large investors have recently made changes to their positions in CLAR. Potomac Capital Management Inc. acquired a new stake in shares of Clarus during the fourth quarter worth $3,244,000. BlackRock Inc. acquired a new position in Clarus in the 2nd quarter worth $1,454,000. Gamco Investors INC. ET AL increased its holdings in Clarus by 11.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 350,000 shares of the company’s stock worth $952,000 after purchasing an additional 35,000 shares in the last quarter. GSA Capital Partners LLP bought a new position in Clarus during the 2nd quarter worth about $652,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Clarus in the 2nd quarter valued at about $557,000. Institutional investors own 90.30% of the company’s stock.

Clarus Company Profile

Clarus Corporation (NASDAQ: CLAR) is an outdoor equipment and lifestyle products company. It develops, manufactures and distributes products designed for climbing, mountaineering, skiing, hiking, camping, vehicle-based adventure and other outdoor activities.

Its principal brand, Black Diamond Equipment, offers climbing and mountaineering gear, skis, ski equipment, trekking poles, packs, headlamps, apparel and other accessories. Clarus also markets vehicle-access and recovery products through Rhino-Rack and MAXTRAX, as well as avalanche safety equipment under the PIEPS brand.

Clarus sells its products through specialty outdoor retailers, sporting-goods stores, distributors, e-commerce channels and other international outlets.