Clarus Co. (NASDAQ:CLAR) sees a significant increase in short-term interest

0

Clarus Co. (NASDAQ: CLAR – Get a rating) benefited from strong growth in short-term interest during the month of June. As of June 30, there was short interest totaling 3,990,000 shares, a growth of 55.9% from the June 15 total of 2,560,000 shares. Currently, 18.3% of the company’s shares are sold short. Based on an average daily volume of 1,130,000 shares, the day-to-cover ratio is currently 3.5 days.

Wall Street analysts predict growth

Several brokerages have recently released reports on CLAR. StockNews.com upgraded Clarus to a “sell” rating in a research report on Friday, May 20. DA Davidson reduced its price target on Clarus from $42.00 to $31.00 and set a “buy” rating for the company in a Wednesday, May 11 research report. Finally, TheStreet downgraded Clarus from a “b-” rating to a “c+” rating in a Monday, June 27 research report. One research analyst gave the stock a sell rating and five gave the company’s stock a buy rating. According to MarketBeat.com, Clarus has an average rating of “moderate buy” and a consensus target price of $32.40.

Clarus stock up 2.2%

NASDAQ CLAR shares were up $0.47 during Friday trading hours, hitting $21.80. The company had a trading volume of 1,794,551 shares, compared to an average volume of 974,115. The stock has a market capitalization of $811.40 million, a P/E ratio of 32.06, a price/ earnings growth of 0.83 and a beta of 0.95. The company has a quick ratio of 1.27, a current ratio of 3.22 and a leverage ratio of 0.36. Clarus has a 1-year low of $17.43 and a 1-year high of $32.36. The company’s 50-day moving average is $20.29 and its 200-day moving average is $21.99.

A d Invest daily

27 US cities where stocks earn 26% a year

What is the most productive stock you have ever owned? Dividends from these stocks have grown so rapidly over the years that they now earn us an average of 26%! When you start getting paid 26% on your money, your financial troubles tend to evaporate.

Clarus (NASDAQ:CLAR – Get a rating) last released its quarterly earnings data on Monday, May 9. The company reported EPS of $0.30 for the quarter, missing the consensus estimate of $0.33 per ($0.03). The company posted revenue of $113.28 million in the quarter, versus analyst estimates of $110.12 million. Clarus had a net margin of 6.22% and a return on equity of 15.22%. On average, analysts expect Clarus to post 1.47 earnings per share for the current fiscal year.

Claris announces dividend

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. This represents an annualized dividend of $0.10 and a dividend yield of 0.46%. The ex-dividend date was Friday, May 6. Clarus’ payout ratio is currently 14.71%.

Insiders place their bets

In other Clarus news, President Warren B. Kanders sold 125,000 shares of the company in a transaction dated Friday, May 27. The stock was sold at an average price of $22.27, for a total transaction of $2,783,750.00. Following the completion of the sale, the president now directly owns 1,553,464 shares of the company, valued at approximately $34,595,643.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC website. Separately, Chairman Warren B. Kanders sold 125,000 shares of the company in a transaction dated 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 completion of the sale, the president now directly owns 1,553,464 shares of the company, valued at approximately $34,595,643.28. The sale was disclosed in a document filed with the SEC, accessible via this hyperlink. Also, President Warren B. Kanders sold 200,000 shares of the company in a transaction dated Wednesday, May 25. The shares were sold at an average price of $21.01, for a total value of $4,202,000.00. Following the completion of the sale, the president now directly owns 1,828,464 shares of the company, valued at $38,416,028.64. Disclosure of this sale can be found here. Insiders of the company hold 26.30% of the shares of the company.

Institutional investors weigh in on Clarus

Several large investors have recently changed their positions in the stock. Amalgamated Bank bought a new stake in Clarus in Q1 worth $98,000. Rice Hall James & Associates LLC increased its stake in Clarus by 0.5% in the 1st quarter. Rice Hall James & Associates LLC now owns 180,765 shares of the company valued at $4,118,000 after acquiring an additional 900 shares during the period. Goldman Sachs Group Inc. increased its stake in Clarus by 30.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 23,762 shares of the company valued at $541,000 after acquiring an additional 5,591 shares during the period. State Street Corp increased its stake in Clarus by 5.2% in the first quarter. State Street Corp now owns 485,378 shares of the company valued at $11,057,000 after acquiring an additional 23,842 shares during the period. Finally, Prelude Capital Management LLC bought a new stake in Clarus in the 1st quarter at a value of $272,000. Institutional investors and hedge funds hold 58.20% of the company’s shares.

Clarus Company Profile

(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.

Featured Articles

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in Clarus right now?

Before you consider Clarus, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Clarus wasn’t on the list.

Although Clarus currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Share.

Comments are closed.