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

Clarus Co. (NASDAQ:CLAR) has been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $5.50.

Several equities research analysts have commented on the company. B. Riley dropped their target price on Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a report on Monday, March 10th. Stifel Nicolaus dropped their target price on Clarus from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Lake Street Capital dropped their target price on Clarus from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Friday.

Clarus Trading Down 7.7%

Clarus stock opened at $3.23 on Monday. The business’s fifty day simple moving average is $3.65 and its two-hundred day simple moving average is $4.27. Clarus has a 12 month low of $3.13 and a 12 month high of $7.24. The company has a market capitalization of $124.04 million, a price-to-earnings ratio of 24.85 and a beta of 0.87.

Clarus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Monday, May 19th. Clarus’s dividend payout ratio is currently -7.35%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CLAR. Barclays PLC raised its stake in shares of Clarus by 263.4% in the third quarter. Barclays PLC now owns 40,478 shares of the company’s stock worth $183,000 after purchasing an additional 29,340 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Clarus by 2.1% in the third quarter. Geode Capital Management LLC now owns 708,201 shares of the company’s stock worth $3,187,000 after purchasing an additional 14,489 shares during the last quarter. JPMorgan Chase & Co. raised its stake 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 purchasing an additional 53,150 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Clarus by 5.1% in the fourth quarter. Empowered Funds LLC now owns 100,168 shares of the company’s stock worth $452,000 after purchasing an additional 4,880 shares during the last quarter. Finally, Peapod Lane Capital LLC purchased a new position in shares of Clarus in the fourth quarter worth $2,153,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.

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.