Clarus Co. (NASDAQ:CLAR) Receives $9.92 Consensus PT from Brokerages

Clarus Co. (NASDAQ:CLAR) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $9.92.

A number of research firms recently weighed in on CLAR. B. Riley upped their price target on Clarus from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. StockNews.com raised Clarus to a “sell” rating in a research note on Thursday, April 11th. Finally, Roth Mkm upped their price target on Clarus from $6.50 to $7.50 and gave the stock a “buy” rating in a research note on Wednesday, March 13th.

Clarus Price Performance

Shares of NASDAQ:CLAR opened at $6.73 on Thursday. The company has a market capitalization of $257.76 million, a price-to-earnings ratio of 25.89 and a beta of 0.93. The business’s 50-day moving average is $6.66 and its 200-day moving average is $6.39. Clarus has a 1 year low of $4.77 and a 1 year high of $9.58.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. Clarus had a return on equity of 1.01% and a net margin of 3.08%. The company had revenue of $69.31 million for the quarter, compared to the consensus estimate of $64.20 million. Analysts anticipate that Clarus will post 0.14 EPS for the current year.

Clarus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Friday, May 10th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Thursday, May 9th. Clarus’s dividend payout ratio is currently 38.46%.

Institutional Trading of Clarus

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kennedy Capital Management LLC lifted its holdings in Clarus by 4.7% during the first quarter. Kennedy Capital Management LLC now owns 258,669 shares of the company’s stock worth $1,746,000 after acquiring an additional 11,628 shares during the period. Gabelli Funds LLC bought a new stake in shares of Clarus during the 1st quarter worth $162,000. EntryPoint Capital LLC bought a new stake in shares of Clarus during the 1st quarter worth $83,000. First Eagle Investment Management LLC grew its position in Clarus by 35.0% during the first quarter. First Eagle Investment Management LLC now owns 528,730 shares of the company’s stock valued at $3,569,000 after buying an additional 137,000 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Clarus by 16.1% during the first quarter. Russell Investments Group Ltd. now owns 638,552 shares of the company’s stock worth $4,310,000 after buying an additional 88,694 shares during the last quarter. 90.30% of the stock is owned by 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.