Clarus (NASDAQ:CLAR) Upgraded by StockNews.com to “Sell”

StockNews.com upgraded shares of Clarus (NASDAQ:CLARGet Rating) to a sell rating in a report published on Monday.

Other analysts have also issued reports about the stock. Raymond James lowered shares of Clarus from an outperform rating to a market perform rating in a research report on Thursday, August 18th. Roth Capital reduced their price objective on shares of Clarus from $28.00 to $16.00 in a research report on Monday, November 7th. Lake Street Capital reduced their price objective on shares of Clarus from $35.00 to $22.00 in a research report on Tuesday, November 8th. DA Davidson lowered shares of Clarus from a buy rating to a neutral rating and reduced their target price for the stock from $31.00 to $9.00 in a research report on Tuesday, November 8th. Finally, Jefferies Financial Group reduced their target price on shares of Clarus from $40.00 to $35.00 and set a buy rating on the stock in a research report on Friday, September 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Clarus has an average rating of Hold and a consensus target price of $25.25.

Clarus Stock Performance

Clarus stock opened at $7.45 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.20 and a quick ratio of 1.67. Clarus has a 1-year low of $7.26 and a 1-year high of $29.32. The firm has a market capitalization of $278.44 million, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 0.47 and a beta of 0.97. The company’s 50-day moving average is $11.81 and its 200 day moving average is $17.57.

Clarus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Monday, November 14th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.10 annualized dividend and a dividend yield of 1.34%. Clarus’s payout ratio is currently 15.38%.

Insider Transactions at Clarus

In related news, COO Aaron Kuehne acquired 4,092 shares of the stock in a transaction dated Friday, September 23rd. The stock was acquired at an average cost of $12.21 per share, for a total transaction of $49,963.32. Following the completion of the purchase, the chief operating officer now owns 95,248 shares of the company’s stock, valued at approximately $1,162,978.08. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 24.10% of the company’s stock.

Institutional Investors Weigh In On Clarus

Several institutional investors and hedge funds have recently made changes to their positions in CLAR. Brown Advisory Inc. lifted its stake in shares of Clarus by 36.6% during the third quarter. Brown Advisory Inc. now owns 4,482,048 shares of the company’s stock worth $60,373,000 after buying an additional 1,200,852 shares during the period. Banco BTG Pactual S.A. purchased a new position in shares of Clarus during the third quarter worth $11,281,000. Millennium Management LLC raised its holdings in shares of Clarus by 3,616.8% during the second quarter. Millennium Management LLC now owns 624,723 shares of the company’s stock worth $11,863,000 after purchasing an additional 607,915 shares during the last quarter. Congress Asset Management Co. MA raised its holdings in shares of Clarus by 34.7% during the third quarter. Congress Asset Management Co. MA now owns 922,151 shares of the company’s stock worth $12,421,000 after purchasing an additional 237,357 shares during the last quarter. Finally, Northern Right Capital Management L.P. purchased a new position in shares of Clarus during the third quarter worth $2,694,000. 89.69% of the stock is currently owned by institutional investors and hedge funds.

Clarus Company Profile

(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.

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Analyst Recommendations for Clarus (NASDAQ:CLAR)

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