Clarus Corporation (NASDAQ:CLAR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Clarus Corporation (NASDAQ:CLAR) have been given an average recommendation of “Hold” by the five ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $4.75.

A number of research firms have recently weighed in on CLAR. Weiss Ratings restated a “sell (d)” rating on shares of Clarus in a research report on Wednesday. Lake Street Capital reiterated a “hold” rating and set a $3.50 price target on shares of Clarus in a report on Friday, August 1st. Finally, Wall Street Zen raised Clarus from a “sell” rating to a “hold” rating in a research report on Monday, November 17th.

Clarus Stock Up 0.3%

NASDAQ CLAR traded up $0.01 during midday trading on Friday, hitting $3.36. The company had a trading volume of 117,422 shares, compared to its average volume of 150,737. Clarus has a fifty-two week low of $3.02 and a fifty-two week high of $5.29. The stock has a market cap of $129.02 million, a price-to-earnings ratio of -1.59 and a beta of 0.97. The firm has a fifty day simple moving average of $3.45 and a two-hundred day simple moving average of $3.48.

Clarus (NASDAQ:CLAR) last issued its earnings results on Thursday, November 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 17th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 3.0%. Clarus’s payout ratio is -4.74%.

Hedge Funds Weigh In On Clarus

Several hedge funds and other institutional investors have recently bought and sold shares of CLAR. Parthenon LLC boosted its holdings in Clarus by 64.4% in the third quarter. Parthenon LLC now owns 720,240 shares of the company’s stock worth $2,521,000 after acquiring an additional 282,103 shares in the last quarter. Strs Ohio purchased a new position in shares of Clarus in the first quarter worth about $425,000. Nuveen LLC purchased a new stake in Clarus in the 1st quarter worth approximately $332,000. Russell Investments Group Ltd. boosted its position in Clarus by 5.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,414,784 shares of the company’s stock valued at $5,305,000 after acquiring an additional 71,203 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new stake in Clarus in the third quarter worth about $221,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

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.