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

Clarus Co. (NASDAQ:CLAR) has received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $9.75.

Several equities analysts have issued reports on the company. Roth Mkm boosted their price target on Clarus from $6.50 to $7.50 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Jefferies Financial Group reissued a “hold” rating and issued a $7.00 price target (down from $13.00) on shares of Clarus in a research note on Thursday, January 4th. B. Riley dropped their price target on Clarus from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Finally, StockNews.com raised Clarus to a “sell” rating in a research report on Thursday, April 11th.

Institutional Investors Weigh In On Clarus

Several institutional investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. grew its holdings in Clarus by 21.1% during the first quarter. Advisor Group Holdings Inc. now owns 4,920 shares of the company’s stock worth $112,000 after buying an additional 857 shares in the last quarter. Blair William & Co. IL grew its holdings in Clarus by 7.8% during the first quarter. Blair William & Co. IL now owns 14,179 shares of the company’s stock worth $323,000 after buying an additional 1,021 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Clarus by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 76,460 shares of the company’s stock worth $599,000 after buying an additional 1,081 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Clarus by 1.0% during the second quarter. JPMorgan Chase & Co. now owns 126,976 shares of the company’s stock worth $1,161,000 after buying an additional 1,245 shares in the last quarter. Finally, PEAK6 Investments LLC grew its holdings in Clarus by 13.7% during the first quarter. PEAK6 Investments LLC now owns 12,936 shares of the company’s stock worth $122,000 after buying an additional 1,563 shares in the last quarter. Institutional investors own 90.30% of the company’s stock.

Clarus Stock Up 2.3 %

Clarus stock opened at $6.24 on Friday. Clarus has a one year low of $4.77 and a one year high of $9.92. The stock’s 50 day moving average is $6.29 and its 200 day moving average is $6.05.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.12). Clarus had a negative net margin of 2.84% and a positive return on equity of 3.31%. The business had revenue of $76.50 million during the quarter, compared to analyst estimates of $84.45 million. On average, equities research analysts forecast that Clarus will post 0.06 EPS for the current fiscal year.

Clarus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 18th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, March 15th. Clarus’s payout ratio is -37.04%.

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.