Clarus Co. (NASDAQ:CLAR) Receives Average Rating of “Moderate Buy” from Analysts

Clarus Co. (NASDAQ:CLAR) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat.com 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 1 year target price among analysts that have updated their coverage on the stock in the last year is $5.10.

A number of analysts recently issued reports on CLAR shares. Stifel Nicolaus decreased their price objective on Clarus from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. B. Riley dropped their price objective on Clarus from $5.50 to $5.00 and set a “buy” rating for the company in a report on Monday, March 10th. Lake Street Capital reduced their price objective on Clarus from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Finally, Roth Capital set a $3.50 price target on Clarus and gave the stock a “neutral” rating in a research note on Wednesday, May 14th.

Hedge Funds Weigh In On Clarus

Several hedge funds have recently made changes to their positions in CLAR. Greenhouse Funds LLLP boosted its holdings in Clarus by 0.9% in the 1st quarter. Greenhouse Funds LLLP now owns 5,448,431 shares of the company’s stock worth $20,432,000 after buying an additional 47,810 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Clarus by 5.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,414,784 shares of the company’s stock valued at $5,305,000 after buying an additional 71,203 shares during the period. Dimensional Fund Advisors LP boosted its position in Clarus by 12.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,194,640 shares of the company’s stock valued at $5,388,000 after buying an additional 134,627 shares during the period. First Eagle Investment Management LLC lifted its position in shares of Clarus by 34.3% during the 4th quarter. First Eagle Investment Management LLC now owns 785,200 shares of the company’s stock worth $3,541,000 after purchasing an additional 200,500 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Clarus by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 714,376 shares of the company’s stock worth $3,222,000 after purchasing an additional 6,175 shares during the last quarter. 90.30% of the stock is owned by institutional investors and hedge funds.

Clarus Trading Up 6.4%

Shares of Clarus stock opened at $3.34 on Friday. The stock has a fifty day simple moving average of $3.36 and a 200 day simple moving average of $4.13. Clarus has a 12-month low of $3.02 and a 12-month high of $7.07. The company has a market capitalization of $128.26 million, a P/E ratio of 25.69 and a beta of 0.87.

Clarus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Monday, May 19th. Clarus’s payout ratio is presently -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.