Clarus (NASDAQ:CLAR) Stock Rating Raised to Buy at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Clarus (NASDAQ:CLAR – Free Report) from a hold rating to a buy rating in a research report released on Sunday morning,Wall Street Zen reports.

Several other research analysts also recently commented on the company. B. Riley Financial lifted their price objective on Clarus from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Monday, August 10th. Roth Capital lifted their price target on Clarus from $2.90 to $3.75 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Clarus in a research report on Monday, August 31st. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Clarus presently has an average rating of “Hold” and an average target price of $4.06.

Check Out Our Latest Research Report on CLAR

Clarus Price Performance

NASDAQ:CLAR opened at $3.58 on Friday. The company has a market capitalization of $137.62 million, a price-to-earnings ratio of -4.37 and a beta of 1.08. The business has a 50 day moving average of $3.57 and a 200 day moving average of $3.15. Clarus has a 1-year low of $2.53 and a 1-year high of $3.97.

Clarus (NASDAQ:CLAR – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.25. Clarus had a negative net margin of 12.44% and a positive return on equity of 4.35%. The business had revenue of $56.16 million for the quarter, compared to analysts’ expectations of $51.54 million. As a group, sell-side analysts anticipate that Clarus will post 0.26 EPS for the current year.

Clarus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were paid a $0.0250 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.10 annualized dividend and a dividend yield of 2.8%. Clarus’s dividend payout ratio (DPR) is presently -12.20%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC raised its position in Clarus by 88.8% during the 2nd quarter. Squarepoint Ops LLC now owns 127,426 shares of the company’s stock valued at $401,000 after purchasing an additional 59,922 shares during the last quarter. Two Sigma Securities LLC bought a new stake in shares of Clarus in the 2nd quarter worth approximately $33,000. Empowered Funds LLC purchased a new position in shares of Clarus during the second quarter valued at approximately $86,000. Corient Private Wealth LP bought a new position in shares of Clarus during the second quarter valued at approximately $122,000. Finally, Ieq Capital LLC bought a new position in shares of Clarus during the second quarter valued at approximately $69,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Clarus Company Profile

(Get Free Report)

Clarus Corporation (NASDAQ: CLAR) is a global company that designs, develops, manufactures and distributes outdoor equipment and related products. Its portfolio serves consumers and professionals in climbing, skiing, mountaineering, camping, cycling, trail sports, overlanding and other outdoor activities.

The company’s principal brands include Black Diamond Equipment, which offers climbing, mountain sports, ski and outdoor products; Rhino-Rack, which develops vehicle-based carrying and storage systems; and MAXTRAX, which produces vehicle recovery boards and related off-road equipment.

Read More