Clarus (NASDAQ:CLAR) Price Target Lowered to $5.00 at B. Riley

Clarus (NASDAQ:CLAR) had its price objective lowered by B. Riley from $5.50 to $5.00 in a report released on Monday morning,Benzinga reports. B. Riley currently has a buy rating on the stock.

Separately, Lake Street Capital cut their price objective on Clarus from $5.50 to $5.00 and set a “buy” rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.33.

Clarus Price Performance

Shares of NASDAQ:CLAR opened at $4.02 on Monday. The stock has a market cap of $154.22 million, a price-to-earnings ratio of 30.93 and a beta of 0.82. Clarus has a 12 month low of $3.89 and a 12 month high of $7.55. The stock’s 50 day moving average price is $4.65 and its 200 day moving average price is $4.53.

Clarus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Monday, March 17th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Monday, March 17th. Clarus’s payout ratio is -7.35%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in shares of Clarus during the 3rd quarter worth $54,000. Intech Investment Management LLC acquired a new position in shares of Clarus in the 4th quarter valued at $64,000. Envestnet Asset Management Inc. boosted its position in shares of Clarus by 38.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 15,864 shares of the company’s stock valued at $72,000 after purchasing an additional 4,371 shares during the period. Wells Fargo & Company MN increased its stake in Clarus by 26.6% in the 4th quarter. Wells Fargo & Company MN now owns 18,119 shares of the company’s stock worth $82,000 after purchasing an additional 3,810 shares in the last quarter. Finally, Legacy Capital Group California Inc. raised its holdings in Clarus by 40.3% during the 4th quarter. Legacy Capital Group California Inc. now owns 20,030 shares of the company’s stock worth $90,000 after buying an additional 5,749 shares during the period. Institutional investors and hedge funds own 90.30% of the company’s stock.

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.