Clarus Corporation (NASDAQ:CLAR) Given Average Recommendation of “Hold” by Brokerages

Shares of Clarus Corporation (NASDAQ:CLAR) have earned an average recommendation of “Hold” from the five research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $4.75.

Several research firms recently issued reports on CLAR. Wall Street Zen upgraded shares of Clarus from a “sell” rating to a “hold” rating in a research note on Monday, November 17th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Clarus in a research report on Wednesday. Finally, Lake Street Capital reaffirmed a “hold” rating and issued a $3.50 price target on shares of Clarus in a research report on Friday, August 1st.

Institutional Trading of Clarus

Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its position in shares of Clarus by 19.6% in the second quarter. PNC Financial Services Group Inc. now owns 23,415 shares of the company’s stock valued at $81,000 after buying an additional 3,845 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of Clarus by 9.1% in the first quarter. Gabelli Funds LLC now owns 60,000 shares of the company’s stock worth $225,000 after acquiring an additional 5,000 shares in the last quarter. Peapod Lane Capital LLC grew its position in shares of Clarus by 1.3% during the second quarter. Peapod Lane Capital LLC now owns 485,220 shares of the company’s stock worth $1,684,000 after buying an additional 6,215 shares in the last quarter. Legacy Capital Group California Inc. raised its stake in Clarus by 31.3% during the first quarter. Legacy Capital Group California Inc. now owns 26,294 shares of the company’s stock valued at $99,000 after buying an additional 6,264 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Clarus by 7,774.1% during the second 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 during the last quarter. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Clarus Price Performance

Shares of NASDAQ:CLAR traded up $0.01 during trading hours on Friday, hitting $3.36. 117,422 shares of the company’s stock traded hands, compared to its average volume of 150,737. Clarus has a 1 year low of $3.02 and a 1 year high of $5.29. The business has a fifty day moving average price of $3.45 and a 200-day moving average price of $3.48. The firm has a market capitalization of $129.02 million, a P/E ratio of -1.59 and a beta of 0.97.

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

Clarus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders 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 dividend yield of 3.0%. The ex-dividend date is Monday, November 17th. Clarus’s dividend payout ratio is -4.74%.

About Clarus

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.