Clarus (NASDAQ:CLAR – Get Rating) had its target price decreased by Raymond James from $29.00 to $28.00 in a research note published on Tuesday morning, Benzinga reports. Raymond James currently has an outperform rating on the stock.
A number of other equities research analysts have also weighed in on CLAR. StockNews.com raised shares of Clarus to a sell rating in a report on Friday, May 20th. TheStreet cut shares of Clarus from a b- rating to a c+ rating in a research note on Monday, June 27th. Stifel Nicolaus dropped their price target on shares of Clarus from $27.00 to $24.00 and set a buy rating for the company in a research note on Wednesday, July 20th. Finally, DA Davidson lowered their price objective on shares of Clarus from $42.00 to $31.00 and set a buy rating for the company in a research report on Wednesday, May 11th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Clarus presently has a consensus rating of Moderate Buy and an average target price of $30.20.
Clarus Trading Down 1.6 %
CLAR opened at $20.32 on Tuesday. The company has a current ratio of 3.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.38. The firm has a market cap of $756.39 million, a P/E ratio of 28.62, a P/E/G ratio of 0.79 and a beta of 0.95. Clarus has a 12 month low of $17.43 and a 12 month high of $31.19. The stock has a 50-day moving average of $20.03 and a 200 day moving average of $21.45.
Clarus Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 18th. Stockholders of record on Monday, August 8th will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Friday, August 5th. Clarus’s dividend payout ratio is presently 14.08%.
Insider Activity at Clarus
In other news, Chairman Warren B. Kanders sold 125,000 shares of the company’s stock in a transaction on Friday, May 27th. The shares were 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 directly owns 1,553,464 shares in the company, valued at $34,595,643.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Warren B. Kanders sold 200,000 shares of the company’s stock in a transaction on 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 transaction, the chairman now directly owns 1,828,464 shares in the company, valued at $38,416,028.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Warren B. Kanders sold 125,000 shares of the company’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $22.27, for a total transaction of $2,783,750.00. Following the completion of the sale, the chairman now directly owns 1,553,464 shares in the company, valued at $34,595,643.28. The disclosure for this sale can be found here. 26.30% of the stock is owned by insiders.
Institutional Trading of Clarus
Several institutional investors have recently added to or reduced their stakes in CLAR. Kathleen S. Wright Associates Inc. acquired a new stake in Clarus in the fourth quarter valued at $44,000. Amalgamated Bank acquired a new stake in Clarus in the first quarter valued at $98,000. Advisor Group Holdings Inc. raised its holdings in Clarus by 19.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 4,063 shares of the company’s stock valued at $111,000 after acquiring an additional 663 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Clarus during the fourth quarter worth $160,000. Finally, BNP Paribas Arbitrage SA raised its holdings 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 purchasing an additional 3,613 shares during the period. 58.20% of the stock is owned by institutional investors and hedge funds.
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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