Clarus Co. (NASDAQ:CLAR – Get Rating) has been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $32.40.
A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered Clarus from a “strong-buy” rating to a “sell” rating in a research report on Tuesday. StockNews.com started coverage on Clarus in a research report on Thursday, March 31st. They issued a “sell” rating for the company. Raymond James reduced their target price on Clarus from $34.00 to $28.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 8th. Finally, DA Davidson dropped their price target on Clarus from $42.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday.
Shares of CLAR opened at $22.26 on Friday. The business’s 50 day moving average is $22.29 and its 200 day moving average is $24.26. The company has a market capitalization of $828.52 million, a PE ratio of 32.74 and a beta of 0.90. Clarus has a 12-month low of $18.92 and a 12-month high of $32.36. The company has a current ratio of 3.22, a quick ratio of 1.34 and a debt-to-equity ratio of 0.36.
Clarus (NASDAQ:CLAR – Get Rating) last released its quarterly earnings results on Monday, March 7th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.08. The business had revenue of $118.18 million during the quarter, compared to analysts’ expectations of $106.52 million. Clarus had a return on equity of 15.22% and a net margin of 6.22%. During the same quarter last year, the business posted $0.31 EPS. Equities research analysts predict that Clarus will post 1.56 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 20th. Stockholders of record on Monday, May 9th will be given a dividend of $0.025 per share. The ex-dividend date is Friday, May 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.45%. Clarus’s dividend payout ratio is currently 14.71%.
In other Clarus news, Director Nicolas Sokolow sold 10,000 shares of the firm’s stock in a transaction on Thursday, March 17th. The stock was sold at an average price of $24.21, for a total value of $242,100.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 26.30% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Clarus in the 4th quarter valued at $160,000. Kathleen S. Wright Associates Inc. acquired a new position in Clarus in the fourth quarter worth approximately $44,000. Advisor Group Holdings Inc. grew its position in …….