Clarus Corporation (NASDAQ:CLAR) Receives $5.10 Average Price Target from Brokerages

Clarus Corporation (NASDAQ:CLAR - Get Free Report) has earned a consensus rating of "Moderate Buy" from the five analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $5.10.

A number of equities research analysts have recently issued reports on CLAR shares. Stifel Nicolaus dropped 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. Roth Capital set a $3.50 price target on shares of Clarus and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Finally, 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.

Insiders Place Their Bets

In other Clarus news, Chairman Warren B. Kanders purchased 10,394 shares of the stock in a transaction dated Monday, June 23rd. The shares were bought at an average price of $3.48 per share, with a total value of $36,171.12. Following the completion of the transaction, the chairman directly owned 4,155,326 shares in the company, valued at approximately $14,460,534.48. This trade represents a 0.25% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 20.40% of the stock is currently owned by insiders.

Institutional Trading of Clarus

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN grew its stake in Clarus by 26.6% in the 4th quarter. Wells Fargo & Company MN now owns 18,119 shares of the company's stock worth $82,000 after buying an additional 3,810 shares in the last quarter. Bank of America Corp DE grew its stake in Clarus by 14.6% in the 4th quarter. Bank of America Corp DE now owns 33,093 shares of the company's stock worth $149,000 after buying an additional 4,211 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Clarus by 38.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 15,864 shares of the company's stock worth $72,000 after buying an additional 4,371 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Clarus by 25.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 22,123 shares of the company's stock worth $100,000 after buying an additional 4,453 shares in the last quarter. Finally, Gabelli Funds LLC grew its stake in Clarus by 9.1% in the 1st quarter. Gabelli Funds LLC now owns 60,000 shares of the company's stock worth $225,000 after buying an additional 5,000 shares in the last quarter. Institutional investors own 90.30% of the company's stock.

Clarus Trading Up 0.8%

Shares of CLAR stock traded up $0.03 on Friday, hitting $3.59. The stock had a trading volume of 88,150 shares, compared to its average volume of 233,229. Clarus has a twelve month low of $3.02 and a twelve month high of $6.39. The firm has a market cap of $137.86 million, a P/E ratio of -1.73 and a beta of 0.87. The company has a fifty day moving average price of $3.43 and a two-hundred day moving average price of $3.89.

Clarus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Monday, May 19th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Monday, May 19th. Clarus's payout ratio is -4.83%.

About Clarus

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.