Clarus Co. (NASDAQ:CLAR – Get Rating) – Research analysts at William Blair decreased their FY2023 earnings per share estimates for shares of Clarus in a report issued on Tuesday, February 28th. William Blair analyst R. Sundby now forecasts that the company will post earnings per share of $0.92 for the year, down from their previous forecast of $1.10. The consensus estimate for Clarus’ current full-year earnings is $1.13 per share.
Several other equities research analysts have also issued reports on CLAR. DA Davidson lowered Clarus from a “buy” rating to a “neutral” rating and decreased their target price for the company from $31.00 to $9.00 in a research report on Tuesday, November 8th. StockNews.com raised Clarus to a “sell” rating in a report on Friday, February 3rd. Roth Capital decreased their price objective on Clarus from $28.00 to $16.00 in a report on Monday, November 7th. Finally, Lake Street Capital decreased their price objective on Clarus from $22.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.00.
Clarus Trading Up 3.7 %
Clarus Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 17th. Investors of record on Tuesday, March 7th will be given a dividend of $0.025 per share. The ex-dividend date is Monday, March 6th. This represents a $0.10 annualized dividend and a dividend yield of 1.01%. Clarus’s dividend payout ratio is presently -5.24%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ensign Peak Advisors Inc acquired a new stake in shares of Clarus in the 3rd quarter worth $32,000. Lazard Asset Management LLC boosted its holdings in shares of Clarus by 784.6% during the 2nd quarter. Lazard Asset Management LLC now owns 4,308 shares of the company’s stock worth $81,000 after purchasing an additional 3,821 shares during the last quarter. Alpine Global Management LLC acquired a new position in shares of Clarus during the 4th quarter worth approximately $90,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Clarus by 112.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,296 shares of the company’s stock valued at $98,000 after acquiring an additional 3,855 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its holdings in Clarus by 21.1% in the first quarter. Advisor Group Holdings Inc. now owns 4,920 shares of the company’s stock valued at $112,000 after acquiring an additional 857 shares during the last quarter. 90.53% of the stock is owned by institutional investors.
Clarus Corp engages in development, manufacture, and distribution of outdoor equipment and lifestyle products focused on the climb, ski, mountain, and sport categories. It operates through the following segments: Outdoor, Precision Sport, and Adventure. The Outdoor segment manufactures outdoor engineered equipment and apparel for climbing, mountaineering, trail running, backpacking, skiing, and a wide range of other year-round outdoor recreation activities.
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