Brokerages Set Clarus Corporation (NASDAQ:CLAR) Price Target at $4.75

Shares of Clarus Corporation (NASDAQ:CLAR) have been assigned a consensus recommendation of “Hold” from the five research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $4.75.

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clarus in a report on Saturday, September 27th. Lake Street Capital restated a “hold” rating and set a $3.50 target price on shares of Clarus in a research report on Friday, August 1st.

Clarus Stock Up 0.3%

NASDAQ CLAR opened at $3.43 on Friday. Clarus has a twelve month low of $3.02 and a twelve month high of $5.29. The stock has a market cap of $131.71 million, a P/E ratio of -1.60 and a beta of 0.93. The company’s 50-day simple moving average is $3.59 and its 200 day simple moving average is $3.52.

Clarus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Monday, August 11th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, August 11th. Clarus’s payout ratio is currently -4.65%.

Insider Buying and Selling at Clarus

In other news, Chairman Warren B. Kanders bought 89,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was acquired at an average price of $3.23 per share, for a total transaction of $287,470.00. Following the transaction, the chairman directly owned 4,444,326 shares of the company’s stock, valued at $14,355,172.98. This trade represents a 2.04% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 22.30% of the company’s stock.

Institutional Trading of Clarus

Several large investors have recently added to or reduced their stakes in CLAR. Parthenon LLC increased its holdings in shares of Clarus by 394.2% during the first quarter. Parthenon LLC now owns 330,040 shares of the company’s stock worth $1,238,000 after buying an additional 263,260 shares in the last quarter. Strs Ohio bought a new stake in Clarus during the 1st quarter worth approximately $425,000. Nuveen LLC acquired a new stake in Clarus during the 1st quarter valued at $332,000. Russell Investments Group Ltd. increased its holdings in Clarus by 5.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,414,784 shares of the company’s stock valued at $5,305,000 after purchasing an additional 71,203 shares in the last quarter. Finally, Greenhouse Funds LLLP raised its position in Clarus by 0.9% in the 1st quarter. Greenhouse Funds LLLP now owns 5,448,431 shares of the company’s stock valued at $20,432,000 after purchasing an additional 47,810 shares during the last quarter. 90.30% of the stock is owned by institutional investors.

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.