Clarus Co. (NASDAQ:CLAR) Shares Acquired by LPL Financial LLC

LPL Financial LLC boosted its holdings in Clarus Co. (NASDAQ:CLAR) by 58.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,724 shares of the company’s stock after buying an additional 10,955 shares during the quarter. LPL Financial LLC owned 0.08% of Clarus worth $134,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Peapod Lane Capital LLC acquired a new stake in shares of Clarus during the fourth quarter worth $2,153,000. First Eagle Investment Management LLC raised its holdings in Clarus by 34.3% during the 4th quarter. First Eagle Investment Management LLC now owns 785,200 shares of the company’s stock worth $3,541,000 after buying an additional 200,500 shares during the period. Bank of New York Mellon Corp lifted its stake in Clarus by 43.0% during the fourth quarter. Bank of New York Mellon Corp now owns 372,936 shares of the company’s stock valued at $1,682,000 after buying an additional 112,099 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Clarus by 13.1% in the fourth quarter. American Century Companies Inc. now owns 548,172 shares of the company’s stock worth $2,472,000 after buying an additional 63,342 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Clarus by 393.0% in the third quarter. JPMorgan Chase & Co. now owns 66,675 shares of the company’s stock worth $300,000 after acquiring an additional 53,150 shares in the last quarter. Institutional investors own 90.30% of the company’s stock.

Clarus Stock Down 1.2 %

Shares of NASDAQ:CLAR opened at $3.29 on Thursday. The firm has a fifty day moving average of $3.83 and a two-hundred day moving average of $4.32. Clarus Co. has a 12-month low of $3.18 and a 12-month high of $7.55. The firm has a market capitalization of $126.21 million, a P/E ratio of 25.31 and a beta of 0.85.

Clarus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 17th were given a dividend of $0.025 per share. The ex-dividend date was Monday, March 17th. This represents a $0.10 dividend on an annualized basis and a yield of 3.04%. Clarus’s payout ratio is -7.35%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CLAR. Stifel Nicolaus reduced their price target on shares of Clarus from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. B. Riley decreased their target price on Clarus from $5.50 to $5.00 and set a “buy” rating for the company in a research report on Monday, March 10th. Finally, Lake Street Capital dropped their price target on Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.75.

Clarus Company Profile

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.