Clarus Co. (NASDAQ:CLAR) Receives $8.25 Consensus Price Target from Analysts

Clarus Co. (NASDAQ:CLAR) has received an average recommendation of “Hold” from the five analysts that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $8.25.

Several research analysts have recently issued reports on CLAR shares. Roth Mkm lowered shares of Clarus from a “buy” rating to a “neutral” rating and reduced their target price for the company from $7.50 to $6.00 in a research note on Friday, August 2nd. B. Riley lowered their target price on shares of Clarus from $9.00 to $7.00 and set a “buy” rating for the company in a report on Monday, August 5th. StockNews.com downgraded Clarus from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. Finally, Roth Capital lowered Clarus from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 2nd.

Insider Activity

In other Clarus news, Chairman Warren B. Kanders purchased 200,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were bought at an average price of $4.19 per share, with a total value of $838,000.00. Following the completion of the transaction, the chairman now directly owns 4,045,527 shares in the company, valued at approximately $16,950,758.13. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Chairman Warren B. Kanders purchased 200,000 shares of Clarus stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $4.19 per share, for a total transaction of $838,000.00. Following the completion of the acquisition, the chairman now directly owns 4,045,527 shares of the company’s stock, valued at $16,950,758.13. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Warren B. Kanders acquired 30,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were bought at an average price of $4.05 per share, for a total transaction of $121,500.00. Following the completion of the acquisition, the chairman now owns 4,075,527 shares of the company’s stock, valued at $16,505,884.35. The disclosure for this purchase can be found here. 22.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Deprince Race & Zollo Inc. lifted its stake in Clarus by 2.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 982,427 shares of the company’s stock valued at $6,612,000 after acquiring an additional 25,495 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of Clarus in the second quarter valued at approximately $459,000. First Eagle Investment Management LLC lifted its position in shares of Clarus by 3.6% in the second quarter. First Eagle Investment Management LLC now owns 547,578 shares of the company’s stock worth $3,685,000 after purchasing an additional 18,848 shares in the last quarter. Old West Investment Management LLC boosted its holdings in Clarus by 8.2% during the second quarter. Old West Investment Management LLC now owns 115,652 shares of the company’s stock worth $778,000 after purchasing an additional 8,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Clarus by 22.8% in the second quarter. Dimensional Fund Advisors LP now owns 791,275 shares of the company’s stock valued at $5,325,000 after purchasing an additional 146,766 shares in the last quarter. 90.30% of the stock is owned by institutional investors and hedge funds.

Clarus Stock Up 4.2 %

Shares of NASDAQ:CLAR opened at $4.45 on Tuesday. Clarus has a 12 month low of $3.89 and a 12 month high of $7.65. The company’s 50-day moving average price is $5.06 and its two-hundred day moving average price is $6.01. The firm has a market cap of $170.43 million, a P/E ratio of 17.12 and a beta of 0.83.

Clarus (NASDAQ:CLAR) last released its earnings results on Thursday, August 1st. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $56.48 million for the quarter, compared to the consensus estimate of $59.28 million. Clarus had a negative return on equity of 0.75% and a net margin of 2.23%. During the same quarter in the previous year, the firm earned $0.07 EPS. As a group, equities analysts predict that Clarus will post 0.02 earnings per share for the current fiscal year.

Clarus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 9th were issued a $0.025 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.10 annualized dividend and a yield of 2.25%. Clarus’s dividend payout ratio (DPR) is presently 38.46%.

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.