Clarus Co. (NASDAQ:CLAR) Given Average Rating of “Hold” by Brokerages

Shares of Clarus Co. (NASDAQ:CLAR) have been assigned an average recommendation of “Hold” from the five analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $8.25.

Several equities research analysts have issued reports on CLAR shares. Roth Capital cut shares of Clarus from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 2nd. StockNews.com downgraded Clarus from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Roth Mkm cut Clarus from a “buy” rating to a “neutral” rating and lowered their price target for the company from $7.50 to $6.00 in a report on Friday, August 2nd. Finally, B. Riley cut their price objective on shares of Clarus from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Monday, August 5th.

Clarus Price Performance

CLAR stock opened at $4.00 on Tuesday. The company’s 50 day simple moving average is $5.18 and its 200-day simple moving average is $6.05. Clarus has a 12 month low of $3.98 and a 12 month high of $7.65. The firm has a market capitalization of $153.44 million, a PE ratio of 15.39 and a beta of 0.84.

Clarus (NASDAQ:CLAR) last posted its earnings results on Thursday, August 1st. The company reported ($0.06) earnings per share (EPS) for the quarter. Clarus had a net margin of 2.23% and a negative return on equity of 0.75%. The company had revenue of $56.48 million during the quarter, compared to analysts’ expectations of $59.28 million. During the same period in the previous year, the company posted $0.07 EPS. As a group, sell-side analysts anticipate that Clarus will post 0.02 earnings per share for the current year.

Clarus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 9th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Friday, August 9th. Clarus’s dividend payout ratio (DPR) is presently 38.46%.

Hedge Funds Weigh In On Clarus

A number of large investors have recently modified their holdings of the company. Legacy Capital Group California Inc. purchased a new stake in shares of Clarus during the 2nd quarter worth about $72,000. EntryPoint Capital LLC purchased a new stake in Clarus during the first quarter worth approximately $83,000. BNP Paribas Financial Markets increased its position in shares of Clarus by 71.5% in the first quarter. BNP Paribas Financial Markets now owns 14,908 shares of the company’s stock worth $101,000 after acquiring an additional 6,213 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Clarus by 30.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,530 shares of the company’s stock valued at $105,000 after acquiring an additional 3,658 shares during the period. Finally, Olympiad Research LP raised its stake in shares of Clarus by 54.4% in the 4th quarter. Olympiad Research LP now owns 19,580 shares of the company’s stock valued at $135,000 after acquiring an additional 6,898 shares during the period. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

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.