Clarus Corporation (NASDAQ:CLAR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Clarus Corporation (NASDAQ:CLAR) have been given an average recommendation of “Moderate Buy” by the five analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $5.10.

Several research firms have issued reports on CLAR. B. Riley dropped their price objective on Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. Stifel Nicolaus dropped 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. Lake Street Capital dropped their price objective on Clarus from $5.00 to $4.00 and set a “buy” rating on the stock in a research note 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 note on Wednesday, May 14th.

Clarus Stock Performance

CLAR opened at $3.53 on Tuesday. Clarus has a 52-week low of $3.02 and a 52-week high of $6.83. The firm has a market capitalization of $135.55 million, a PE ratio of -1.71 and a beta of 0.85. The business’s 50-day simple moving average is $3.33 and its 200 day simple moving average is $4.03.

Clarus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.83%. Clarus’s dividend payout ratio (DPR) is currently -4.83%.

Hedge Funds Weigh In On Clarus

A number of large investors have recently made changes to their positions in the company. Strs Ohio bought a new position in shares of Clarus during the first quarter worth approximately $425,000. Jane Street Group LLC bought a new position in shares of Clarus during the first quarter worth approximately $107,000. Goldman Sachs Group Inc. increased its stake in shares of Clarus by 7.0% during the first quarter. Goldman Sachs Group Inc. now owns 165,335 shares of the company’s stock worth $620,000 after purchasing an additional 10,873 shares during the period. Greenhouse Funds LLLP increased its stake in shares of Clarus by 0.9% during the first quarter. Greenhouse Funds LLLP now owns 5,448,431 shares of the company’s stock worth $20,432,000 after purchasing an additional 47,810 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in shares of Clarus by 8.9% during the first quarter. Gamco Investors INC. ET AL now owns 305,000 shares of the company’s stock worth $1,144,000 after purchasing an additional 25,000 shares during the period. Institutional investors own 90.30% of the company’s stock.

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.