Clarus Co. (NASDAQ:CLAR) Receives Average Rating of "Moderate Buy" from Brokerages

Clarus Co. (NASDAQ:CLAR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $5.10.

A number of research analysts have recently issued reports on CLAR shares. Lake Street Capital reduced their price target on shares of Clarus from $5.00 to $4.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Stifel Nicolaus cut 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. B. Riley decreased their target price on Clarus from $5.50 to $5.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Finally, Roth Capital set a $3.50 price target on Clarus and gave the stock a "neutral" rating in a research report on Wednesday, May 14th.

Clarus Stock Performance

Shares of NASDAQ CLAR traded up $0.20 during trading on Friday, reaching $3.34. The stock had a trading volume of 131,153 shares, compared to its average volume of 234,678. The stock has a market cap of $128.26 million, a PE ratio of 25.69 and a beta of 0.87. Clarus has a one year low of $3.02 and a one year high of $7.07. The firm's 50 day moving average price is $3.36 and its two-hundred day moving average price is $4.13.

Clarus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Monday, May 19th were paid a $0.025 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.10 annualized dividend and a dividend yield of 2.99%. Clarus's payout ratio is currently -4.83%.

Institutional Investors Weigh In On Clarus

A number of hedge funds have recently made changes to their positions in the business. First Eagle Investment Management LLC raised its stake in Clarus by 34.3% during the 4th quarter. First Eagle Investment Management LLC now owns 785,200 shares of the company's stock valued at $3,541,000 after acquiring an additional 200,500 shares in the last quarter. Cove Street Capital LLC increased its holdings in shares of Clarus by 182.4% during the fourth quarter. Cove Street Capital LLC now owns 297,431 shares of the company's stock valued at $1,341,000 after purchasing an additional 192,099 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Clarus by 393.0% during the third quarter. JPMorgan Chase & Co. now owns 66,675 shares of the company's stock valued at $300,000 after purchasing an additional 53,150 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Clarus by 12.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,194,640 shares of the company's stock worth $5,388,000 after purchasing an additional 134,627 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Clarus by 43.0% in the fourth quarter. Bank of New York Mellon Corp now owns 372,936 shares of the company's stock worth $1,682,000 after purchasing an additional 112,099 shares during the period. Institutional investors own 90.30% of the company's stock.

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.