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

Clarus Corporation (NASDAQ:CLAR - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $5.10.

CLAR has been the subject of several analyst reports. Stifel Nicolaus reduced their price target on Clarus from $8.00 to $7.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Lake Street Capital dropped their target price on Clarus from $5.00 to $4.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Roth Capital set a $3.50 price objective on Clarus and gave the company a "neutral" rating in a research report on Wednesday, May 14th.

Insider Buying and Selling at Clarus

In related news, Chairman Warren B. Kanders bought 10,394 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was purchased at an average cost of $3.48 per share, with a total value of $36,171.12. Following the purchase, the chairman directly owned 4,155,326 shares of the company's stock, valued at $14,460,534.48. This trade represents a 0.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 20.40% of the company's stock.

Institutional Trading of Clarus

Large investors have recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake in shares of Clarus by 26.6% during 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 boosted its holdings in shares of Clarus by 14.6% during the fourth quarter. Bank of America Corp DE now owns 33,093 shares of the company's stock worth $149,000 after purchasing an additional 4,211 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Clarus by 38.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 15,864 shares of the company's stock worth $72,000 after purchasing an additional 4,371 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Clarus by 25.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 22,123 shares of the company's stock worth $100,000 after purchasing an additional 4,453 shares during the last quarter. Finally, Gabelli Funds LLC boosted its holdings in shares of Clarus by 9.1% during the first quarter. Gabelli Funds LLC now owns 60,000 shares of the company's stock worth $225,000 after purchasing an additional 5,000 shares during the last quarter. 90.30% of the stock is owned by institutional investors and hedge funds.

Clarus Stock Up 4.9%

Shares of CLAR stock traded up $0.18 during trading on Friday, hitting $3.87. The company had a trading volume of 141,433 shares, compared to its average volume of 231,501. The stock's 50-day moving average is $3.43 and its two-hundred day moving average is $3.89. The stock has a market capitalization of $148.61 million, a price-to-earnings ratio of -1.87 and a beta of 0.87. Clarus has a 52 week low of $3.02 and a 52 week high of $6.39.

Clarus Dividend Announcement

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. The ex-dividend date was Monday, May 19th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.58%. Clarus's payout ratio is presently -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.