Roth Capital set a $10.00 price objective on Clarus (NASDAQ:CLAR) in a research report report published on Tuesday morning. The brokerage currently has a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Lake Street Capital increased their price target on Clarus to $12.00 and gave the company a buy rating in a research note on Tuesday. Stifel Nicolaus increased their price target on Clarus from $10.00 to $12.00 and gave the company a buy rating in a research note on Tuesday. BidaskClub raised Clarus from a hold rating to a buy rating in a research note on Tuesday. ValuEngine raised Clarus from a hold rating to a buy rating in a research note on Friday, August 3rd. Finally, DA Davidson reissued a buy rating on shares of Clarus in a research note on Tuesday, May 8th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $10.56.

Clarus traded up $0.10, reaching $9.60, on Tuesday, according to MarketBeat.com. The stock had a trading volume of 83,207 shares, compared to its average volume of 89,526. Clarus has a fifty-two week low of $5.20 and a fifty-two week high of $10.05. The company has a quick ratio of 2.14, a current ratio of 4.37 and a debt-to-equity ratio of 0.10. The stock has a market cap of $283.89 million, a PE ratio of 80.00, a PEG ratio of 2.17 and a beta of 1.41.

Clarus (NASDAQ:CLAR) last issued its earnings results on Monday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.13. Clarus had a return on equity of 7.41% and a net margin of 2.06%. The business had revenue of $45.88 million during the quarter, compared to analysts’ expectations of $40.80 million. equities research analysts expect that Clarus will post 0.46 EPS for the current year.

The business also recently declared a special dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Monday, August 20th will be paid a $0.025 dividend. The ex-dividend date is Friday, August 17th.

Several hedge funds have recently modified their holdings of CLAR. Brown Advisory Inc. grew its stake in Clarus by 25.2% during the first quarter. Brown Advisory Inc. now owns 1,561,214 shares of the company’s stock worth $10,537,000 after purchasing an additional 313,968 shares during the period. BlackRock Inc. grew its stake in Clarus by 4.6% during the second quarter. BlackRock Inc. now owns 1,103,030 shares of the company’s stock worth $9,099,000 after purchasing an additional 48,658 shares during the period. Dimensional Fund Advisors LP grew its stake in Clarus by 9.6% during the second quarter. Dimensional Fund Advisors LP now owns 552,180 shares of the company’s stock worth $4,555,000 after purchasing an additional 48,378 shares during the period. Deutsche Bank AG grew its stake in Clarus by 7.4% during the fourth quarter. Deutsche Bank AG now owns 189,557 shares of the company’s stock worth $1,487,000 after purchasing an additional 13,050 shares during the period. Finally, Millennium Management LLC grew its stake in Clarus by 57.4% during the first quarter. Millennium Management LLC now owns 100,113 shares of the company’s stock worth $676,000 after purchasing an additional 36,505 shares during the period. 52.97% of the stock is owned by institutional investors.

Clarus Company Profile

Clarus Corporation, a holding company, focuses on the outdoor and consumer industries. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, and sport categories. It operates in two segments, Black Diamond and Sierra. The Black Diamond segment offers high performance apparel, such as jackets, shells, pants, and bibs; rock-climbing equipment comprising carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and high-end day packs; tents; trekking poles; headlamps and lanterns; and gloves and mittens.

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