Clarus Co. (NASDAQ:CLAR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Clarus Co. (NASDAQ:CLAR) have been given a consensus rating of “Moderate Buy” by the five brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $5.75.

A number of brokerages recently weighed in on CLAR. Lake Street Capital lowered their target price on shares of Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Stifel Nicolaus reduced their target price on shares of Clarus from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, B. Riley decreased their price objective on Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a report on Monday, March 10th.

Clarus Stock Up 1.5 %

CLAR stock opened at $3.35 on Monday. The company has a market cap of $128.65 million, a price-to-earnings ratio of 25.77 and a beta of 0.87. Clarus has a twelve month low of $3.18 and a twelve month high of $7.31. The business has a 50 day moving average price of $3.77 and a two-hundred day moving average price of $4.31.

Clarus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 17th were paid 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 2.99%. Clarus’s payout ratio is -7.35%.

Institutional Trading of Clarus

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Intech Investment Management LLC bought a new stake in Clarus during the fourth quarter worth $64,000. Envestnet Asset Management Inc. raised its holdings in shares of Clarus by 38.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 15,864 shares of the company’s stock worth $72,000 after buying an additional 4,371 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Clarus by 26.6% during the 4th quarter. Wells Fargo & Company MN now owns 18,119 shares of the company’s stock worth $82,000 after buying an additional 3,810 shares during the last quarter. Legacy Capital Group California Inc. boosted its stake in Clarus by 40.3% in the fourth quarter. Legacy Capital Group California Inc. now owns 20,030 shares of the company’s stock valued at $90,000 after buying an additional 5,749 shares in the last quarter. Finally, Lepercq Multi Asset Fund bought a new position in Clarus in the fourth quarter valued at about $95,000. Institutional investors own 90.30% of the company’s stock.

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.