Clarus (NASDAQ:CLAR - Free Report) had its price target decreased by Lake Street Capital from $5.50 to $5.00 in a research report report published on Friday, MarketBeat reports. Lake Street Capital currently has a buy rating on the stock.
Clarus Price Performance
NASDAQ:CLAR remained flat at $4.02 during mid-day trading on Friday. 125,546 shares of the company traded hands, compared to its average volume of 134,134. The stock's 50 day moving average is $4.65 and its 200 day moving average is $4.53. Clarus has a 12-month low of $3.89 and a 12-month high of $7.55. The stock has a market capitalization of $154.22 million, a PE ratio of 30.85 and a beta of 0.82.
Clarus Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Monday, March 17th will be paid 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 is Monday, March 17th. Clarus's payout ratio is currently -7.35%.
Institutional Trading of Clarus
Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in Clarus by 393.0% in the third quarter. JPMorgan Chase & Co. now owns 66,675 shares of the company's stock worth $300,000 after acquiring an additional 53,150 shares in the last quarter. XTX Topco Ltd acquired a new position in Clarus in the third quarter worth approximately $104,000. Empowered Funds LLC increased its holdings in shares of Clarus by 5.1% in the fourth quarter. Empowered Funds LLC now owns 100,168 shares of the company's stock valued at $452,000 after buying an additional 4,880 shares in the last quarter. Barclays PLC lifted its position in shares of Clarus by 263.4% during the 3rd quarter. Barclays PLC now owns 40,478 shares of the company's stock valued at $183,000 after acquiring an additional 29,340 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Clarus by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 708,201 shares of the company's stock valued at $3,187,000 after acquiring an additional 14,489 shares during the last quarter. Institutional investors own 90.30% of the company's stock.
About Clarus
(
Get Free Report)
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.
Read More
Before you consider Clarus, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Clarus wasn't on the list.
While Clarus currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
