Clarus (NASDAQ:CLAR) Shares Gap Up to $20.59

Clarus Co. (NASDAQ:CLARGet Rating) gapped up before the market opened on Tuesday . The stock had previously closed at $20.59, but opened at $22.94. Clarus shares last traded at $22.94, with a volume of 41,329 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Stifel Nicolaus decreased their price target on Clarus from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, July 20th. Raymond James reiterated a “maintains” rating on shares of Clarus in a research report on Tuesday. DA Davidson decreased their price objective 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 lowered Clarus from a “b-” rating to a “c+” rating in a research report on Monday, June 27th. Finally, StockNews.com upgraded Clarus to a “sell” rating in a research report on Friday, May 20th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, Clarus has a consensus rating of “Moderate Buy” and a consensus price target of $30.20.

Clarus Stock Performance

The stock has a 50 day moving average price of $20.06 and a two-hundred day moving average price of $21.48. The company has a current ratio of 3.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36. The company has a market cap of $768.30 million, a price-to-earnings ratio of 29.07, a P/E/G ratio of 0.78 and a beta of 0.95.

Clarus (NASDAQ:CLARGet Rating) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates 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 company posted $0.15 earnings per share. Analysts predict that Clarus Co. will post 1.47 EPS for the current year.

Clarus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 18th. Investors of record on Monday, August 8th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.48%. The ex-dividend date is Friday, August 5th. Clarus’s payout ratio is presently 14.08%.

Insider Buying and Selling

In related news, Chairman Warren B. Kanders sold 125,000 shares of the firm’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $22.27, for a total transaction of $2,783,750.00. Following the sale, the chairman now owns 1,553,464 shares of the company’s stock, valued at approximately $34,595,643.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Clarus news, Chairman Warren B. Kanders sold 125,000 shares of Clarus stock in a transaction dated 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 sale, the chairman now owns 1,553,464 shares of the company’s stock, valued at approximately $34,595,643.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Warren B. Kanders sold 200,000 shares of Clarus 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 directly owns 1,828,464 shares in the company, valued at approximately $38,416,028.64. The disclosure for this sale can be found here. 26.30% of the stock is currently owned by company insiders.

Institutional Trading of Clarus

Hedge funds and other institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Clarus in the 4th quarter valued at about $160,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Clarus in the 4th quarter valued at about $44,000. Crown Advisors Management Inc. grew its holdings in shares of Clarus by 33.3% in the 4th quarter. Crown Advisors Management Inc. now owns 100,000 shares of the company’s stock valued at $2,772,000 after acquiring an additional 25,000 shares in the last quarter. Redmond Asset Management LLC grew its holdings in shares of Clarus by 24.5% in the 1st quarter. Redmond Asset Management LLC now owns 137,671 shares of the company’s stock valued at $3,136,000 after acquiring an additional 27,103 shares in the last quarter. Finally, Invenire Partners LP bought a new position in shares of Clarus in the 4th quarter valued at about $5,545,000. Institutional investors and hedge funds own 58.20% of the company’s stock.

About Clarus

(Get Rating)

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.

Further Reading

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