Clarus Co. (NASDAQ:CLAR – Get Rating) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 4,760,000 shares, a growth of 19.3% from the June 30th total of 3,990,000 shares. Approximately 21.8% of the shares of the company are short sold. Based on an average trading volume of 1,360,000 shares, the days-to-cover ratio is currently 3.5 days.
Insiders Place Their Bets
In related news, Chairman Warren B. Kanders sold 200,000 shares of the company’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $21.01, for a total value of $4,202,000.00. Following the completion of the sale, the chairman now owns 1,828,464 shares of the company’s stock, valued at $38,416,028.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Chairman Warren B. Kanders sold 125,000 shares of the stock in a transaction on Friday, May 27th. The stock was sold at an average price of $22.27, for a total value of $2,783,750.00. Following the completion of the transaction, the chairman now owns 1,553,464 shares in the company, valued at approximately $34,595,643.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Warren B. Kanders sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $21.01, for a total value of $4,202,000.00. Following the sale, the chairman now owns 1,828,464 shares of the company’s stock, valued at $38,416,028.64. The disclosure for this sale can be found here. 26.30% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Clarus
Institutional investors and hedge funds have recently bought and sold shares of the business. Kathleen S. Wright Associates Inc. acquired a new position in Clarus in the fourth quarter worth $44,000. Amalgamated Bank bought a new stake in shares of Clarus during the first quarter worth $98,000. Advisor Group Holdings Inc. raised its position in shares of Clarus by 19.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 4,063 shares of the company’s stock worth $111,000 after acquiring an additional 663 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Clarus during the fourth quarter worth $160,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of Clarus by 83.9% during the fourth quarter. BNP Paribas Arbitrage SA now owns 7,918 shares of the company’s stock worth $219,000 after acquiring an additional 3,613 shares during the last quarter. Institutional investors and hedge funds own 58.20% of the company’s stock.
Clarus Price Performance
Clarus (NASDAQ:CLAR – Get Rating) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). Clarus had a net margin of 6.07% and a return on equity of 15.19%. During the same period last year, the business posted $0.15 earnings per share. On average, analysts expect that Clarus will post 1.47 earnings per share for the current fiscal year.
Clarus Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 18th. Investors of record on Monday, August 8th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.48%. The ex-dividend date is Friday, August 5th. Clarus’s dividend payout ratio is 14.08%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on CLAR. Stifel Nicolaus cut their price objective on Clarus from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, July 20th. DA Davidson dropped their price target on Clarus from $42.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, May 11th. TheStreet downgraded Clarus from a “b-” rating to a “c+” rating in a research report on Monday, June 27th. StockNews.com raised Clarus to a “sell” rating in a research report on Friday, May 20th. Finally, Raymond James reaffirmed a “maintains” rating on shares of Clarus in a research report on Tuesday. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.20.
Clarus Corporation develops, manufactures, and distributes outdoor equipment and lifestyle products focusing on the outdoor and consumer markets in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. Its Outdoor segment offers activity-based apparel, 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; skincare and other products; and skis, ski poles, ski skins, and snow safety products, such as avalanche airbag systems, avalanche transceivers, shovels, and probes.
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