Clarus (NASDAQ:CLAR) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Clarus (NASDAQ:CLAR) from a hold rating to a sell rating in a report published on Tuesday.

Several other equities research analysts have also issued reports on CLAR. Weiss Ratings reissued a “sell (d)” rating on shares of Clarus in a research note on Wednesday, November 19th. Lake Street Capital reiterated a “hold” rating and set a $3.50 price target on shares of Clarus in a research report on Friday, August 1st. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Clarus presently has an average rating of “Hold” and an average target price of $4.75.

Clarus Trading Up 4.4%

Clarus stock opened at $3.54 on Tuesday. The firm has a market cap of $135.94 million, a PE ratio of -1.68 and a beta of 0.97. Clarus has a 12 month low of $3.02 and a 12 month high of $5.29. The stock’s 50 day simple moving average is $3.44 and its two-hundred day simple moving average is $3.48.

Clarus (NASDAQ:CLAR) last posted its earnings results on Thursday, November 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $69.35 million during the quarter, compared to analyst estimates of $66.43 million. Clarus had a negative net margin of 31.52% and a negative return on equity of 4.30%. On average, equities research analysts forecast that Clarus will post -0.06 EPS for the current year.

Clarus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, November 17th. Clarus’s payout ratio is -4.74%.

Institutional Trading of Clarus

Several large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its holdings in Clarus by 7,774.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,819 shares of the company’s stock valued at $31,000 after purchasing an additional 8,707 shares in the last quarter. Abel Hall LLC acquired a new stake in shares of Clarus in the second quarter valued at about $37,000. Quadrature Capital Ltd purchased a new position in shares of Clarus in the second quarter worth about $39,000. Verition Fund Management LLC purchased a new position in shares of Clarus in the third quarter worth about $50,000. Finally, PNC Financial Services Group Inc. boosted its position in Clarus by 19.6% during the second quarter. PNC Financial Services Group Inc. now owns 23,415 shares of the company’s stock worth $81,000 after acquiring an additional 3,845 shares during the last quarter. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Clarus Company Profile

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.