Clarus Corporation (NASDAQ:CLAR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Clarus Corporation (NASDAQ:CLAR) has earned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $5.10.

Several equities research analysts have recently weighed in on the company. Roth Capital set a $3.50 price objective on Clarus and gave the company a “neutral” rating in a research report on Wednesday, May 14th. Lake Street Capital reduced their target price on Clarus from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Finally, Stifel Nicolaus reduced their target price on Clarus from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, April 10th.

Clarus Trading Up 0.8%

CLAR opened at $3.59 on Friday. Clarus has a 1-year low of $3.02 and a 1-year high of $6.39. The stock has a market capitalization of $137.86 million, a price-to-earnings ratio of -1.73 and a beta of 0.87. The business has a 50 day moving average of $3.43 and a 200-day moving average of $3.90.

Clarus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Monday, May 19th were paid a dividend of $0.025 per share. The ex-dividend date was Monday, May 19th. This represents a $0.10 annualized dividend and a yield of 2.79%. Clarus’s dividend payout ratio is currently -4.83%.

Insider Transactions at Clarus

In other Clarus news, Chairman Warren B. Kanders bought 10,394 shares of the stock in a transaction dated Monday, June 23rd. The stock was bought at an average cost of $3.48 per share, for a total transaction of $36,171.12. Following the completion of the purchase, the chairman owned 4,155,326 shares in the company, valued at $14,460,534.48. This represents a 0.25% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 20.40% of the stock is owned by corporate insiders.

Institutional Trading of Clarus

Hedge funds and other institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC acquired a new stake in shares of Clarus in the fourth quarter valued at $64,000. Envestnet Asset Management Inc. increased its stake in shares of Clarus by 38.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,864 shares of the company’s stock valued at $72,000 after buying an additional 4,371 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Clarus by 26.6% in the fourth quarter. Wells Fargo & Company MN now owns 18,119 shares of the company’s stock valued at $82,000 after buying an additional 3,810 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Clarus by 25.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 22,123 shares of the company’s stock valued at $100,000 after buying an additional 4,453 shares in the last quarter. Finally, Legacy Capital Group California Inc. increased its stake in shares of Clarus by 31.3% in the first quarter. Legacy Capital Group California Inc. now owns 26,294 shares of the company’s stock valued at $99,000 after buying an additional 6,264 shares in the last quarter. 90.30% of the stock is currently owned by institutional investors and hedge funds.

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.