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

Clarus Corporation (NASDAQ:CLAR) has been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $4.06.

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

Clarus Stock Performance

CLAR stock opened at $4.43 on Wednesday. The stock has a market capitalization of $170.29 million, a PE ratio of -5.40 and a beta of 1.10. The stock’s 50 day simple moving average is $3.66 and its 200 day simple moving average is $3.27. Clarus has a 12-month low of $2.53 and a 12-month high of $4.63.

Clarus (NASDAQ:CLAR) last issued its earnings results on Thursday, August 6th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $56.16 million during the quarter, compared to analyst estimates of $51.54 million. On average, research analysts predict that Clarus will post 0.25 earnings per share for the current year.

Clarus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were issued a $0.0250 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.10 annualized dividend and a yield of 2.3%. Clarus’s dividend payout ratio is presently -12.20%.

Institutional Investors Weigh In On Clarus

Institutional investors and hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC increased its position in shares of Clarus by 88.8% during the second quarter. Squarepoint Ops LLC now owns 127,426 shares of the company’s stock valued at $401,000 after purchasing an additional 59,922 shares during the period. Two Sigma Securities LLC bought a new stake in shares of Clarus in the second quarter worth about $33,000. Empowered Funds LLC bought a new position in Clarus during the 2nd quarter worth about $86,000. Corient Private Wealth LP bought a new stake in Clarus during the second quarter worth about $122,000. Finally, Ieq Capital LLC bought a new position in Clarus during the second quarter worth about $69,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

About Clarus

Clarus Corporation (NASDAQ: CLAR) is an outdoor equipment and lifestyle products company headquartered in Salt Lake City, Utah. The company develops, manufactures and markets products for climbing, mountaineering, skiing, camping, overlanding and other outdoor activities.

Clarus’s portfolio includes Black Diamond Equipment, which offers climbing and mountaineering gear, skis, ski equipment, apparel and accessories. The company also owns Rhino-Rack, a provider of vehicle-based storage and transportation systems, and MAXTRAX, which makes vehicle recovery boards and related off-road products.