Clarus Co. (NASDAQ:CLAR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Clarus Co. (NASDAQ:CLAR) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $9.92.

CLAR has been the topic of a number of recent analyst reports. B. Riley raised their target price on shares of Clarus from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. StockNews.com upgraded Clarus to a “sell” rating in a research report on Thursday, April 11th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. grew its stake in shares of Clarus by 63.8% during the fourth quarter. Russell Investments Group Ltd. now owns 549,858 shares of the company’s stock valued at $3,791,000 after buying an additional 214,183 shares during the last quarter. Greenhaven Road Investment Management L.P. grew its stake in Clarus by 348.7% in the fourth quarter. Greenhaven Road Investment Management L.P. now owns 463,985 shares of the company’s stock worth $3,199,000 after purchasing an additional 360,583 shares in the last quarter. First Eagle Investment Management LLC grew its stake in Clarus by 35.0% in the first quarter. First Eagle Investment Management LLC now owns 528,730 shares of the company’s stock worth $3,569,000 after purchasing an additional 137,000 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Clarus in the fourth quarter worth approximately $184,000. Finally, M&T Bank Corp grew its stake in Clarus by 51.0% in the fourth quarter. M&T Bank Corp now owns 98,790 shares of the company’s stock worth $682,000 after purchasing an additional 33,374 shares in the last quarter. Institutional investors own 90.30% of the company’s stock.

Clarus Stock Up 1.0 %

NASDAQ CLAR opened at $6.11 on Monday. Clarus has a 52 week low of $4.77 and a 52 week high of $9.38. The firm has a market capitalization of $234.01 million, a P/E ratio of 23.50 and a beta of 0.89. The company has a 50-day moving average price of $6.48 and a 200-day moving average price of $6.36.

Clarus (NASDAQ:CLAR) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. Clarus had a net margin of 3.08% and a return on equity of 1.01%. The firm had revenue of $69.31 million during the quarter, compared to analyst estimates of $64.20 million. As a group, equities research analysts anticipate that Clarus will post 0.14 EPS for the current year.

Clarus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Friday, May 10th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.64%. Clarus’s dividend payout ratio is 38.46%.

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.