Clarus (NASDAQ:CLAR) Price Target Raised to $6.00

by · The Cerbat Gem

Clarus (NASDAQ:CLAR – Free Report) had its price objective boosted by B. Riley Financial from $4.50 to $6.00 in a report issued on Tuesday,Benzinga reports. B. Riley Financial currently has a buy rating on the stock.

A number of other analysts have also recently issued reports on the company. Wall Street Zen raised Clarus from a “hold” rating to a “buy” rating in a research note on Sunday, September 27th. Roth Capital boosted their target price on Clarus from $2.90 to $3.75 and gave the company a “neutral” rating in a research note on Monday, August 10th. Lake Street Capital increased their price objective on shares of Clarus from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Friday, November 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Clarus in a report on Monday, August 31st. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $4.69.

Check Out Our Latest Report on CLAR

Clarus Stock Performance

Shares of NASDAQ CLAR opened at $5.17 on Tuesday. The firm has a 50 day moving average price of $3.85 and a 200 day moving average price of $3.32. The stock has a market cap of $197.96 million, a P/E ratio of 14.05 and a beta of 1.03. Clarus has a 52-week low of $2.53 and a 52-week high of $5.39.

Clarus (NASDAQ:CLAR – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.10. Clarus had a negative net margin of 10.44% and a positive return on equity of 7.27%. The business had revenue of $71.22 million during the quarter, compared to analysts’ expectations of $66.84 million. Analysts predict that Clarus will post 0.25 earnings per share for the current fiscal year.

Clarus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.0250 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.10 annualized dividend and a dividend yield of 1.9%. Clarus’s dividend payout ratio (DPR) is currently -14.49%.

Institutional Investors Weigh In On Clarus

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Clarus in the second quarter worth $1,454,000. GSA Capital Partners LLP acquired a new stake in shares of Clarus in the 2nd quarter valued at $652,000. Bank of New York Mellon Corp acquired a new stake in shares of Clarus in the 2nd quarter valued at $557,000. Squarepoint Ops LLC increased its stake in shares of Clarus by 88.8% in 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. Finally, Clark Estates Inc. NY increased its stake in shares of Clarus by 8.8% in the 3rd quarter. Clark Estates Inc. NY now owns 718,000 shares of the company’s stock valued at $2,434,000 after purchasing an additional 58,000 shares during the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

About Clarus

(Get Free Report)

Clarus Corporation (NASDAQ: CLAR) is an outdoor equipment and lifestyle products company headquartered in Salt Lake City, Utah. The company develops, manufactures and markets products for climbing, mountaineering, skiing, camping, overlanding and other outdoor activities. Clarus’s portfolio includes Black Diamond Equipment, which offers climbing and mountaineering gear, skis, ski equipment, apparel and accessories. The company also owns Rhino-Rack, a provider of vehicle-based storage and transportation systems, and MAXTRAX, which makes vehicle recovery boards and related off-road products.

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