Warren B. Kanders Sells 125,000 Shares of Clarus Co. (NASDAQ:CLAR) Stock

Clarus Co. (NASDAQ:CLARGet Rating) Chairman Warren B. Kanders sold 125,000 shares of the business’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $22.27, for a total value of $2,783,750.00. Following the transaction, the chairman now owns 1,553,464 shares of the company’s stock, valued at $34,595,643.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of CLAR traded up $0.40 on Friday, hitting $22.15. The company’s stock had a trading volume of 3,062,426 shares, compared to its average volume of 329,542. The company has a quick ratio of 1.27, a current ratio of 3.22 and a debt-to-equity ratio of 0.36. The firm’s fifty day moving average price is $21.93 and its 200-day moving average price is $23.82. Clarus Co. has a fifty-two week low of $18.92 and a fifty-two week high of $32.36. The firm has a market capitalization of $824.51 million, a price-to-earnings ratio of 32.57 and a beta of 0.90.

Clarus (NASDAQ:CLARGet Rating) last released its quarterly earnings results on Monday, March 7th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. Clarus had a return on equity of 15.22% and a net margin of 6.22%. The firm had revenue of $118.18 million during the quarter, compared to the consensus estimate of $106.52 million. During the same quarter in the prior year, the firm posted $0.31 EPS. As a group, equities analysts predict that Clarus Co. will post 1.47 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 20th. Shareholders of record on Monday, May 9th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Friday, May 6th. Clarus’s dividend payout ratio (DPR) is currently 14.71%.

A number of large investors have recently added to or reduced their stakes in CLAR. Wells Fargo & Company MN boosted its position in Clarus by 333.9% during the 2nd quarter. Wells Fargo & Company MN now owns 42,321 shares of the company’s stock worth $1,087,000 after acquiring an additional 32,567 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in Clarus by 266.8% during the 3rd quarter. Advisor Group Holdings Inc. now owns 3,400 shares of the company’s stock worth $87,000 after acquiring an additional 2,473 shares during the last quarter. BlackRock Inc. boosted its position in Clarus by 2.6% during the 3rd quarter. BlackRock Inc. now owns 1,414,091 shares of the company’s stock worth $36,242,000 after acquiring an additional 36,465 shares during the last quarter. Barclays PLC boosted its position in Clarus by 79.6% during the 3rd quarter. Barclays PLC now owns 12,084 shares of the company’s stock worth $310,000 after acquiring an additional 5,354 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in Clarus by 2,905.1% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,172 shares of the company’s stock worth $30,000 after acquiring an additional 1,133 shares during the last quarter. 58.20% of the stock is owned by hedge funds and other institutional investors.

CLAR has been the subject of several analyst reports. DA Davidson decreased their target price on Clarus from $42.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, May 11th. StockNews.com upgraded Clarus to a “sell” rating in a research report on Friday, May 20th. Raymond James decreased their price objective on Clarus from $34.00 to $28.00 and set an “outperform” rating for the company in a research report on Tuesday, March 8th. Finally, Zacks Investment Research upgraded Clarus from a “sell” rating to a “hold” rating in a research report on Tuesday, May 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $31.33.

Clarus Company Profile (Get Rating)

Clarus Corporation develops, manufactures, and distributes outdoor equipment and lifestyle products focusing on the outdoor and consumer markets in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. Its Outdoor segment offers activity-based apparel, 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; skincare and other products; and skis, ski poles, ski skins, and snow safety products, such as avalanche airbag systems, avalanche transceivers, shovels, and probes.

See Also

Insider Buying and Selling by Quarter for Clarus (NASDAQ:CLAR)

Receive News & Ratings for Clarus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clarus and related companies with MarketBeat.com's FREE daily email newsletter.