Brokerages Set Clarus Co. (NASDAQ:CLAR) Target Price at $8.25

Clarus Co. (NASDAQ:CLAR) has been assigned a consensus recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $8.25.

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

Clarus Trading Up 0.4 %

Shares of CLAR stock opened at $4.59 on Friday. The company’s fifty day moving average price is $5.73 and its 200-day moving average price is $6.19. The stock has a market cap of $176.07 million, a PE ratio of 17.65 and a beta of 0.89. Clarus has a 12 month low of $4.28 and a 12 month high of $8.21.

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

Clarus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 9th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 2.18%. The ex-dividend date was Friday, August 9th. Clarus’s dividend payout ratio is currently 38.46%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Deprince Race & Zollo Inc. grew its position in Clarus by 2.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 982,427 shares of the company’s stock worth $6,612,000 after purchasing an additional 25,495 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Clarus by 22.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 791,275 shares of the company’s stock worth $5,325,000 after buying an additional 146,766 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Clarus by 16.1% in the first quarter. Russell Investments Group Ltd. now owns 638,552 shares of the company’s stock worth $4,310,000 after acquiring an additional 88,694 shares during the period. First Eagle Investment Management LLC increased its position in Clarus by 3.6% during the second quarter. First Eagle Investment Management LLC now owns 547,578 shares of the company’s stock valued at $3,685,000 after acquiring an additional 18,848 shares during the last quarter. Finally, Greenhaven Road Investment Management L.P. lifted its holdings 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 valued at $3,199,000 after acquiring an additional 360,583 shares during the period. 90.30% of the stock is 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.