Clarus Corporation (NASDAQ:CLAR) Receives $3.63 Consensus Target Price from Analysts

Shares of Clarus Corporation (NASDAQ:CLAR) have been assigned an average rating of “Hold” from the five brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $3.6333.

A number of equities research analysts recently weighed in on the stock. Zacks Research downgraded shares of Clarus from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Lake Street Capital reduced their price objective on shares of Clarus from $3.50 to $3.00 and set a “hold” rating on the stock in a research note on Friday, March 6th. Wall Street Zen raised shares of Clarus from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Roth Mkm set a $2.90 target price on shares of Clarus in a research report on Wednesday, May 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Clarus in a research note on Wednesday, June 3rd.

Clarus Trading Up 1.9%

Shares of NASDAQ:CLAR opened at $3.21 on Thursday. Clarus has a 1-year low of $2.53 and a 1-year high of $4.03. The stock has a market capitalization of $123.39 million, a P/E ratio of -2.77 and a beta of 1.07. The business has a 50-day moving average price of $2.94 and a two-hundred day moving average price of $3.12.

Clarus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, May 18th. Clarus’s dividend payout ratio is currently -8.62%.

Hedge Funds Weigh In On Clarus

Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its stake in shares of Clarus by 4.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,398,258 shares of the company’s stock valued at $4,894,000 after acquiring an additional 58,821 shares during the last quarter. Parthenon LLC boosted its stake in Clarus by 39.6% during the 4th quarter. Parthenon LLC now owns 1,005,364 shares of the company’s stock worth $3,368,000 after acquiring an additional 285,124 shares during the last quarter. Potomac Capital Management Inc. acquired a new position in Clarus during the fourth quarter valued at approximately $3,244,000. Geode Capital Management LLC grew its holdings in Clarus by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 702,446 shares of the company’s stock valued at $2,354,000 after purchasing an additional 3,611 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in Clarus by 11.1% in the first quarter. Gamco Investors INC. ET AL now owns 350,000 shares of the company’s stock valued at $952,000 after purchasing an additional 35,000 shares in the last quarter. 90.30% of the stock is currently owned by institutional investors and hedge funds.

About Clarus

Clarus Corporation (NASDAQ: CLAR) is a global designer, manufacturer and marketer of outdoor recreation equipment. The company’s portfolio of brands serves enthusiasts across climbing, skiing, trail running, paddling and snow safety, combining purpose-driven innovation with in-house manufacturing capabilities. Clarus focuses on high-performance gear developed to meet the demands of professional athletes and recreational users alike.

The company’s flagship brand, Black Diamond Equipment, offers climbing protection, apparel, ski bindings and accessories engineered for backcountry and alpine environments.