Clarus Co. (NASDAQ:CLAR) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its holdings in Clarus Co. (NASDAQ:CLAR - Free Report) by 63.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 549,858 shares of the company's stock after purchasing an additional 214,183 shares during the period. Russell Investments Group Ltd. owned about 1.44% of Clarus worth $3,791,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its position in Clarus by 0.7% in the third quarter. FMR LLC now owns 3,364,049 shares of the company's stock worth $25,432,000 after acquiring an additional 24,474 shares during the period. Potomac Capital Management Inc. raised its holdings in Clarus by 36.9% in the 3rd quarter. Potomac Capital Management Inc. now owns 427,211 shares of the company's stock worth $3,230,000 after purchasing an additional 115,099 shares during the period. First Eagle Investment Management LLC lifted its position in Clarus by 71.7% during the third quarter. First Eagle Investment Management LLC now owns 357,608 shares of the company's stock valued at $2,704,000 after purchasing an additional 149,367 shares in the last quarter. Kingsview Wealth Management LLC bought a new stake in Clarus during the third quarter valued at about $1,708,000. Finally, Motley Fool Asset Management LLC increased its position in Clarus by 2.0% in the third quarter. Motley Fool Asset Management LLC now owns 191,136 shares of the company's stock worth $1,445,000 after buying an additional 3,710 shares in the last quarter. Hedge funds and other institutional investors own 90.30% of the company's stock.

Analysts Set New Price Targets

CLAR has been the subject of a number of analyst reports. B. Riley increased their price objective on shares of Clarus from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Monday, May 6th. StockNews.com upgraded Clarus to a "sell" rating in a research report on Thursday, April 11th. Finally, Roth Mkm increased their target price on Clarus from $6.50 to $7.50 and gave the stock a "buy" rating in a research report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $9.92.

Clarus Trading Down 1.0 %

Shares of NASDAQ:CLAR traded down $0.07 during mid-day trading on Friday, reaching $6.77. The stock had a trading volume of 165,279 shares, compared to its average volume of 191,024. The business's 50 day moving average price is $6.47 and its 200 day moving average price is $6.10. Clarus Co. has a 1 year low of $4.77 and a 1 year high of $9.58. The company has a market cap of $259.29 million, a P/E ratio of 26.04 and a beta of 0.90.

Clarus (NASDAQ:CLAR - Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.12). Clarus had a return on equity of 1.01% and a net margin of 3.08%. The firm had revenue of $76.50 million for the quarter, compared to analysts' expectations of $84.45 million. Analysts predict that Clarus Co. will post 0.14 earnings per share for the current fiscal year.

Clarus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Friday, May 10th will be paid a $0.025 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.48%. Clarus's payout ratio is currently 38.46%.

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.