Clarus Corporation (NASDAQ:CLAR) Receives Consensus Rating of "Moderate Buy" from Brokerages

Clarus Corporation (NASDAQ:CLAR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the five analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $5.10.

A number of brokerages have recently issued reports on CLAR. B. Riley cut their price objective on shares of Clarus from $5.50 to $5.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Lake Street Capital cut 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. Roth Capital set a $3.50 price target on shares of Clarus and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Finally, Stifel Nicolaus decreased their price objective on shares of Clarus from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th.

Insider Buying and Selling at Clarus

In other Clarus news, Chairman Warren B. Kanders bought 10,394 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were purchased at an average price of $3.48 per share, for a total transaction of $36,171.12. Following the acquisition, the chairman now owns 4,155,326 shares in the company, valued at approximately $14,460,534.48. This represents a 0.25% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 20.40% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CLAR. Intech Investment Management LLC bought a new stake in shares of Clarus in the 4th quarter worth approximately $64,000. Envestnet Asset Management Inc. raised its stake in Clarus by 38.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 15,864 shares of the company's stock valued at $72,000 after buying an additional 4,371 shares during the last quarter. Wells Fargo & Company MN raised its stake in Clarus by 26.6% during the fourth quarter. Wells Fargo & Company MN now owns 18,119 shares of the company's stock valued at $82,000 after buying an additional 3,810 shares during the last quarter. Lepercq Multi Asset Fund bought a new stake in Clarus in the fourth quarter worth $95,000. Finally, Legacy Capital Group California Inc. grew its stake in shares of Clarus by 31.3% in the first quarter. Legacy Capital Group California Inc. now owns 26,294 shares of the company's stock worth $99,000 after acquiring an additional 6,264 shares during the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

Clarus Stock Up 1.1%

Shares of NASDAQ CLAR traded up $0.04 during mid-day trading on Tuesday, reaching $3.58. 240,160 shares of the company were exchanged, compared to its average volume of 234,381. The company's 50 day moving average price is $3.35 and its 200 day moving average price is $4.01. Clarus has a 52 week low of $3.02 and a 52 week high of $6.83. The stock has a market capitalization of $137.47 million, a PE ratio of -1.73 and a beta of 0.85.

Clarus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 19th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 2.79%. The ex-dividend date 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.