B. Riley Raises Clarus (NASDAQ:CLAR) Price Target to $9.00

Clarus (NASDAQ:CLAR) had its target price lifted by B. Riley from $8.00 to $9.00 in a research report report published on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on the stock. Roth Mkm upped their price objective on shares of Clarus from $6.50 to $7.50 and gave the stock a buy rating in a report on Wednesday, March 13th. StockNews.com raised Clarus to a sell rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus 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’s 50 day moving average is $6.44 and its 200 day moving average is $6.08. The firm has a market capitalization of $261.59 million, a PE ratio of 26.27 and a beta of 0.90. Clarus has a twelve month low of $4.77 and a twelve month high of $9.58.

Clarus (NASDAQ:CLAR) last announced its earnings results on Thursday, March 7th. The company reported ($0.07) 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 the consensus estimate of $84.45 million. Clarus had a net margin of 3.08% and a return on equity of 1.01%. On average, research analysts anticipate that Clarus will post -0.01 earnings per share for the current year.

Clarus Dividend Announcement

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

Hedge Funds Weigh In On Clarus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its stake 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 purchasing an additional 88,694 shares during the last quarter. Empowered Funds LLC purchased a new position in Clarus in the 1st quarter worth about $567,000. BNP Paribas Financial Markets lifted its stake in Clarus by 71.5% during the 1st quarter. BNP Paribas Financial Markets now owns 14,908 shares of the company’s stock valued at $101,000 after acquiring an additional 6,213 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Clarus by 30.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,530 shares of the company’s stock valued at $105,000 after acquiring an additional 3,658 shares during the last quarter. Finally, Parthenon LLC grew its stake in shares of Clarus by 8.1% in the first quarter. Parthenon LLC now owns 200,164 shares of the company’s stock worth $1,351,000 after acquiring an additional 15,000 shares during the period. 90.30% of the stock is owned by institutional investors.

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.