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

Clarus Co. (NASDAQ:CLAR - Get Free Report) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.025 per share on Wednesday, November 27th. This represents a $0.10 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Monday, November 18th.

Clarus has increased its dividend by an average of 10.1% annually over the last three years.

Clarus Stock Performance

NASDAQ:CLAR traded down $0.34 during mid-day trading on Friday, hitting $4.41. The company had a trading volume of 698,601 shares, compared to its average volume of 281,412. The business's fifty day moving average is $4.37 and its two-hundred day moving average is $5.48. Clarus has a fifty-two week low of $3.89 and a fifty-two week high of $7.55. The firm has a market cap of $169.17 million, a P/E ratio of 24.39 and a beta of 0.83.

Clarus (NASDAQ:CLAR - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). Clarus had a net margin of 2.23% and a negative return on equity of 0.75%. The business had revenue of $67.12 million during the quarter, compared to analyst estimates of $72.98 million. Equities analysts forecast that Clarus will post 0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Roth Capital downgraded Clarus from a "strong-buy" rating to a "hold" rating in a report on Friday, August 2nd. StockNews.com downgraded shares of Clarus from a "hold" rating to a "sell" rating in a research report on Saturday, August 10th. Roth Mkm cut shares of Clarus from a "buy" rating to a "neutral" rating and cut their price target for the stock from $7.50 to $6.00 in a research report on Friday, August 2nd. Finally, B. Riley lowered their target price on Clarus from $9.00 to $7.00 and set a "buy" rating on the stock in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $6.67.

Insider Activity

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

About Clarus

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.