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

Shares of Clarus Co. (NASDAQ:CLAR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $5.10.

CLAR has been the topic of a number of research reports. B. Riley cut their price objective on shares of Clarus from $5.50 to $5.00 and set a "buy" rating on the stock in a research report on Monday, March 10th. Lake Street Capital lowered their target price on shares of Clarus from $5.00 to $4.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Stifel Nicolaus lowered their target price on shares of Clarus from $8.00 to $7.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Roth Capital set a $3.50 target price on shares of Clarus and gave the stock a "neutral" rating in a report on Wednesday, May 14th.

Institutional Trading of Clarus

Several institutional investors have recently added to or reduced their stakes in CLAR. Strs Ohio bought a new position in shares of Clarus during the 1st quarter worth approximately $425,000. Jane Street Group LLC bought a new position in shares of Clarus in the 1st quarter worth $107,000. Goldman Sachs Group Inc. raised its position in Clarus by 7.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 165,335 shares of the company's stock valued at $620,000 after buying an additional 10,873 shares during the last quarter. 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 buying an additional 47,810 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its position in Clarus by 8.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 305,000 shares of the company's stock valued at $1,144,000 after buying an additional 25,000 shares during the last quarter. 90.30% of the stock is currently owned by institutional investors.

Clarus Stock Performance

CLAR stock remained flat at $3.21 during mid-day trading on Friday. 262,577 shares of the company's stock traded hands, compared to its average volume of 235,145. The company has a market cap of $123.27 million, a price-to-earnings ratio of 24.69 and a beta of 0.87. The business has a fifty day simple moving average of $3.39 and a 200 day simple moving average of $4.15. Clarus has a 52-week low of $3.02 and a 52-week high of $7.13.

Clarus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Monday, May 19th. Clarus's dividend payout ratio is currently -4.83%.

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.