Clarus (NASDAQ:CLAR) PT Raised to $9.00

Clarus (NASDAQ:CLAR) had its price objective hoisted by B. Riley from $8.00 to $9.00 in a report issued on Monday morning, Benzinga reports. B. Riley currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. StockNews.com upgraded Clarus to a sell rating in a research note on Thursday, April 11th. Roth Mkm upped their price target on shares of Clarus from $6.50 to $7.50 and gave the company a buy rating in a research note on Wednesday, March 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $9.92.

Clarus Stock Up 0.9 %

NASDAQ:CLAR opened at $6.83 on Monday. The stock has a market capitalization of $261.59 million, a price-to-earnings ratio of 26.27 and a beta of 0.90. Clarus has a 52 week low of $4.77 and a 52 week high of $9.58. The firm has a 50 day moving average of $6.44 and a 200 day moving average of $6.08.

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 analysts’ consensus estimates of $0.05 by ($0.12). The business had revenue of $76.50 million for the quarter, compared to analyst estimates of $84.45 million. Clarus had a return on equity of 1.01% and a net margin of 3.08%. As a group, analysts expect that Clarus will post -0.01 EPS for the current year.

Clarus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Friday, May 10th will be issued a $0.025 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.10 annualized dividend and a yield of 1.46%. Clarus’s dividend payout ratio (DPR) is presently 38.46%.

Institutional Trading of Clarus

Institutional investors and hedge funds have recently bought and sold shares of the business. Greenhaven Road Investment Management L.P. raised its holdings in shares of Clarus by 348.7% during the fourth quarter. Greenhaven Road Investment Management L.P. now owns 463,985 shares of the company’s stock worth $3,199,000 after purchasing an additional 360,583 shares during the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of Clarus in the 3rd quarter valued at about $1,708,000. Russell Investments Group Ltd. boosted its stake in shares of Clarus by 63.8% in the fourth quarter. Russell Investments Group Ltd. now owns 549,858 shares of the company’s stock worth $3,791,000 after buying an additional 214,183 shares during the last quarter. Wynnefield Capital Inc. acquired a new stake in Clarus during the third quarter worth about $1,134,000. Finally, First Eagle Investment Management LLC raised its position in Clarus by 71.7% during the third quarter. First Eagle Investment Management LLC now owns 357,608 shares of the company’s stock valued at $2,704,000 after acquiring an additional 149,367 shares in the last quarter. 90.30% of the stock is currently owned by institutional investors and hedge funds.

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.