Clarus Co. (NASDAQ:CLAR) to Issue $0.03 Quarterly Dividend

Clarus Co. (NASDAQ:CLAR) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Monday, November 18th will be given a dividend of 0.025 per share on Wednesday, November 27th. This represents a $0.10 annualized dividend and a yield of 2.28%. The ex-dividend date is Monday, November 18th.

Clarus has raised its dividend by an average of 10.1% per year over the last three years.

Clarus Stock Performance

Clarus stock opened at $4.39 on Friday. Clarus has a fifty-two week low of $3.89 and a fifty-two week high of $7.55. The stock has a market cap of $168.40 million, a PE ratio of 26.39 and a beta of 0.83. The firm’s 50-day simple moving average is $4.37 and its 200 day simple moving average is $5.48.

Clarus (NASDAQ:CLAR) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Clarus had a negative return on equity of 0.75% and a net margin of 2.23%. The firm had revenue of $67.12 million for the quarter, compared to analysts’ expectations of $72.98 million. As a group, analysts predict that Clarus will post 0.02 EPS for the current fiscal year.

Insider Buying and Selling at Clarus

In related news, Chairman Warren B. Kanders bought 200,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $4.19 per share, for a total transaction of $838,000.00. Following the completion of the purchase, the chairman now directly owns 4,045,527 shares in the company, valued at $16,950,758.13. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other Clarus news, Chairman Warren B. Kanders purchased 30,000 shares of the stock in a transaction dated Monday, September 9th. The shares were bought at an average price of $4.05 per share, with a total value of $121,500.00. Following the completion of the transaction, the chairman now directly owns 4,075,527 shares in the company, valued at approximately $16,505,884.35. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Warren B. Kanders purchased 200,000 shares of the stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $4.19 per share, for a total transaction of $838,000.00. Following the transaction, the chairman now owns 4,045,527 shares of the company’s stock, valued at approximately $16,950,758.13. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 20.40% of the company’s stock.

Analysts Set New Price Targets

CLAR has been the topic of several analyst reports. StockNews.com cut shares of Clarus from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. B. Riley dropped their target price on shares of Clarus from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Roth Mkm cut shares of Clarus from a “buy” rating to a “neutral” rating and dropped their target price for the company from $7.50 to $6.00 in a research note on Friday, August 2nd. Finally, Roth Capital cut shares of Clarus from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $6.67.

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.