Clarus’ (CLAR) Neutral Rating Reiterated at DA Davidson

DA Davidson reaffirmed their neutral rating on shares of Clarus (NASDAQ:CLAR) in a report published on Thursday, BenzingaRatingsTable reports.

A number of other research analysts have also recently commented on CLAR. Roth Capital restated a neutral rating and issued a $14.00 price target on shares of Clarus in a research report on Tuesday, August 6th. They noted that the move was a valuation call. BidaskClub raised Clarus from a sell rating to a hold rating in a research note on Saturday, June 15th. Macquarie began coverage on Clarus in a research note on Friday, July 12th. They issued an outperform rating and a $20.00 price objective on the stock. ValuEngine lowered Clarus from a buy rating to a hold rating in a research note on Tuesday, August 6th. Finally, Zacks Investment Research lowered Clarus from a buy rating to a hold rating in a research note on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Clarus currently has an average rating of Hold and a consensus price target of $16.25.

Shares of NASDAQ CLAR opened at $10.69 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.39 and a current ratio of 3.96. Clarus has a 52 week low of $8.56 and a 52 week high of $15.10. The stock has a market capitalization of $324.62 million, a P/E ratio of 18.75, a PEG ratio of 1.57 and a beta of 1.27. The stock’s fifty day moving average is $13.60 and its 200 day moving average is $12.91.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). Clarus had a return on equity of 11.22% and a net margin of 4.87%. The company had revenue of $46.99 million during the quarter, compared to the consensus estimate of $44.73 million. Equities research analysts forecast that Clarus will post 0.69 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Friday, August 2nd. Clarus’s dividend payout ratio (DPR) is presently 17.54%.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Clarus by 2.5% during the fourth quarter. BlackRock Inc. now owns 1,149,559 shares of the company’s stock worth $11,634,000 after purchasing an additional 27,619 shares during the last quarter. Bank of New York Mellon Corp increased its position in Clarus by 47.5% during the fourth quarter. Bank of New York Mellon Corp now owns 149,973 shares of the company’s stock worth $1,518,000 after purchasing an additional 48,311 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Clarus by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 578,833 shares of the company’s stock worth $5,857,000 after purchasing an additional 17,308 shares during the last quarter. Geode Capital Management LLC increased its position in Clarus by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 238,574 shares of the company’s stock worth $2,414,000 after purchasing an additional 17,925 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in Clarus by 10.3% during the fourth quarter. Squarepoint Ops LLC now owns 12,332 shares of the company’s stock worth $125,000 after purchasing an additional 1,151 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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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