Clarus Co. (NASDAQ: CLAR – Get a rating) earned a consensus “moderate buy” recommendation from the seven research firms that currently cover the stock, reports MarketBeat Ratings. One financial analyst gave the stock a sell rating and five issued a buy rating for the company. The 12-month average price target among brokers who have rated the stock over the past year is $32.40.
A number of equity research analysts have commented on CLAR shares. DA Davidson reduced its price target on Clarus from $42.00 to $31.00 and set a “buy” rating on the stock in a Wednesday, May 11 research report. StockNews.com upgraded Clarus to a “sell” rating in a research report on Friday, May 20. Raymond James cut his price target on Clarus from $34.00 to $28.00 and set an “outperform” rating on the stock in a Tuesday, March 8 research report. Finally, TheStreet downgraded Clarus from a “b-” rating to a “c+” rating in a Monday, June 27 research report.
NASDAQ:CLAR opened at $19.29 on Friday. Clarus has a 52-week low of $17.43 and a 52-week high of $32.36. The company has a quick ratio of 1.27, a current ratio of 3.22 and a leverage ratio of 0.36. The company has a market capitalization of $718.05 million, a P/E ratio of 28.37, a P/E/G ratio of 0.76 and a beta of 0.90. The stock’s fifty-day moving average is $20.52 and its two-hundred-day moving average is $22.40.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 20. Shareholders of record on Monday, May 9 received a dividend of $0.025. The ex-dividend date was Friday, May 6. This represents a dividend of $0.10 on an annualized basis and a dividend yield of 0.52%. Clarus’ payout ratio is currently 14.71%.
Separately, Chairman Warren B. Kanders sold 200,000 shares of the company in a trade on Wednesday, May 25. The stock was sold at an average price of $21.01, for a total transaction of $4,202,000.00. Following completion of the transaction, the President now directly owns 1,828,464 shares of the company, valued at approximately $38,416,028.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at the SEC website. Additionally, Chairman Warren B. Kanders sold 125,000 shares of the company in a trade on Friday, May 27. The stock was sold at an average price of $22.27, for a total value of $2,783,750.00. Following the transaction, the president now directly owns 1,553,464 shares of the company, valued at $34,595,643.28. Disclosure of this sale can be found here. Insiders hold 26.30% of the shares of the company.
Institutional investors and hedge funds have recently increased or reduced their stakes in the stock. Kathleen S. Wright Associates Inc. acquired a new position in Clarus during Q4 worth $44,000. Advisor Group Holdings Inc. increased its position in Clarus shares by 19.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 4,063 shares of the company worth $111,000 after acquiring 663 additional shares in the last quarter. Amalgamated Bank acquired a new position in shares of Clarus during Q1 worth approximately $98,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Clarus during the 4th quarter for a value of approximately $160,000. Finally, Deltec Asset Management LLC acquired a new position in shares of Clarus during Q4 worth approximately $206,000. 58.20% of the shares are held by hedge funds and other institutional investors.
About Clarus (Get a rating)
Clarus Corporation develops, manufactures and distributes outdoor equipment and lifestyle products focused on the outdoor and consumer markets in the United States, Canada, Europe, Middle East, Asia, Australia , New Zealand, Africa and South America. Its Outdoor segment offers activity-based apparel, such as shells, insulators, mid-layers, pants and logo apparel; climbing shoes and equipment, including carabiners, protective devices, harnesses, belay devices, helmets and ice climbing equipment; technical backpacks and day packs; hiking sticks; headlamps and lanterns; gloves and mittens; skin care and other products; and skis, ski poles, ski skins and snow safety products, such as avalanche airbag systems, avalanche transceivers, shovels and probes.
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