Clarus (NASDAQ:CLAR) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Clarus (NASDAQ:CLAR) from a sell rating to a hold rating in a report issued on Friday.

A number of other research firms have also recently weighed in on CLAR. B. Riley raised their price target on Clarus from $8.00 to $9.00 and gave the company a buy rating in a research note on Monday, May 6th. Roth Mkm lowered Clarus from a buy rating to a neutral rating and cut their target price for the stock from $7.50 to $6.00 in a research report on Friday. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $9.33.

Clarus Stock Performance

Shares of CLAR opened at $4.67 on Friday. Clarus has a 1 year low of $4.62 and a 1 year high of $9.38. The stock has a market capitalization of $178.86 million, a PE ratio of 17.96 and a beta of 0.89. The stock has a 50-day simple moving average of $6.37 and a 200-day simple moving average of $6.36.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.06) earnings per share (EPS) for the quarter. Clarus had a negative return on equity of 0.76% and a net margin of 2.23%. The firm had revenue of $56.48 million during the quarter, compared to analysts’ expectations of $59.28 million. During the same quarter in the prior year, the firm earned $0.07 EPS. Analysts predict that Clarus will post 0.14 EPS for the current year.

Clarus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Friday, August 9th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, August 9th. Clarus’s payout ratio is currently 38.46%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its holdings in shares of Clarus by 5.9% in the second quarter. Rhumbline Advisers now owns 45,658 shares of the company’s stock valued at $307,000 after acquiring an additional 2,545 shares during the period. SG Americas Securities LLC raised its position in Clarus by 23.1% in the 4th quarter. SG Americas Securities LLC now owns 15,386 shares of the company’s stock valued at $106,000 after purchasing an additional 2,891 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Clarus by 30.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,530 shares of the company’s stock worth $105,000 after purchasing an additional 3,658 shares during the period. BNP Paribas Financial Markets grew its position in Clarus by 71.5% during the 1st quarter. BNP Paribas Financial Markets now owns 14,908 shares of the company’s stock worth $101,000 after purchasing an additional 6,213 shares during the last quarter. Finally, Olympiad Research LP increased its stake in Clarus by 54.4% in the fourth quarter. Olympiad Research LP now owns 19,580 shares of the company’s stock valued at $135,000 after purchasing an additional 6,898 shares during the period. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Clarus Company Profile

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.