Clarus Corp (NASDAQ:CLAR) has received a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.75.
A number of research firms recently commented on CLAR. Zacks Investment Research cut shares of Clarus from a “hold” rating to a “sell” rating in a report on Friday, November 8th. DA Davidson reaffirmed a “neutral” rating on shares of Clarus in a report on Thursday, August 15th. BidaskClub cut shares of Clarus from a “buy” rating to a “hold” rating in a report on Friday, October 25th. ValuEngine raised shares of Clarus from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Finally, Roth Capital reaffirmed a “neutral” rating and issued a $14.00 price target on shares of Clarus in a report on Tuesday, August 6th. They noted that the move was a valuation call.
Several large investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB raised its holdings in shares of Clarus by 29.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 80,000 shares of the company’s stock worth $938,000 after purchasing an additional 18,000 shares during the period. Rhumbline Advisers raised its holdings in Clarus by 3.9% during the 3rd quarter. Rhumbline Advisers now owns 31,183 shares of the company’s stock valued at $366,000 after acquiring an additional 1,164 shares during the period. Hodges Capital Management Inc. bought a new stake in Clarus during the 2nd quarter valued at $407,000. Royal Bank of Canada bought a new stake in Clarus during the 2nd quarter valued at $609,000. Finally, Nuveen Asset Management LLC bought a new stake in Clarus during the 2nd quarter valued at $3,779,000. 63.33% of the stock is currently owned by institutional investors.
Clarus (NASDAQ:CLAR) last posted its earnings results on Monday, November 4th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.03). Clarus had a return on equity of 10.58% and a net margin of 4.49%. The firm had revenue of $60.20 million for the quarter, compared to the consensus estimate of $61.06 million. Analysts predict that Clarus will post 0.58 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.82%. Clarus’s dividend payout ratio (DPR) is presently 17.54%.
Clarus Company Profile
Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, sport, and skincare categories.
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