Clarus Co. (NASDAQ:CLAR) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of Clarus Co. (NASDAQ:CLAR) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 714,376 shares of the company’s stock after purchasing an additional 6,175 shares during the quarter. Geode Capital Management LLC owned 1.86% of Clarus worth $3,222,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Cove Street Capital LLC lifted its holdings in shares of Clarus by 182.4% during the fourth quarter. Cove Street Capital LLC now owns 297,431 shares of the company’s stock worth $1,341,000 after purchasing an additional 192,099 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Clarus by 20.1% during the fourth quarter. JPMorgan Chase & Co. now owns 80,090 shares of the company’s stock worth $361,000 after purchasing an additional 13,415 shares during the period. LPL Financial LLC lifted its holdings in shares of Clarus by 58.4% during the fourth quarter. LPL Financial LLC now owns 29,724 shares of the company’s stock worth $134,000 after purchasing an additional 10,955 shares during the period. American Century Companies Inc. lifted its holdings in shares of Clarus by 13.1% during the fourth quarter. American Century Companies Inc. now owns 548,172 shares of the company’s stock worth $2,472,000 after purchasing an additional 63,342 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of Clarus during the fourth quarter worth $64,000. 90.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CLAR has been the subject of a number of recent analyst reports. Stifel Nicolaus reduced their target price on Clarus from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, April 10th. B. Riley reduced their target price on Clarus from $5.50 to $5.00 and set a “buy” rating for the company in a report on Monday, March 10th. Finally, Lake Street Capital reduced their target price on Clarus from $5.50 to $5.00 and set a “buy” rating for the company in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.75.

Clarus Stock Down 3.0 %

NASDAQ:CLAR opened at $3.28 on Tuesday. The company has a market capitalization of $125.83 million, a PE ratio of 25.23 and a beta of 0.85. Clarus Co. has a 52-week low of $3.18 and a 52-week high of $7.55. The stock has a fifty day simple moving average of $3.89 and a 200-day simple moving average of $4.34.

Clarus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 17th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Monday, March 17th. Clarus’s dividend payout ratio (DPR) is presently -7.35%.

About Clarus

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, 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; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.