Stifel Nicolaus Has Lowered Expectations for Clarus (NASDAQ:CLAR) Stock Price

Clarus (NASDAQ:CLAR - Free Report) had its price target lowered by Stifel Nicolaus from $8.00 to $7.00 in a research note published on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. B. Riley decreased their price objective on shares of Clarus from $5.50 to $5.00 and set a "buy" rating on the stock in a report on Monday, March 10th. Lake Street Capital decreased their target price on Clarus from $5.50 to $5.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $5.75.

Clarus Stock Performance

Shares of Clarus stock traded down $0.04 during trading hours on Thursday, hitting $3.43. The company's stock had a trading volume of 76,502 shares, compared to its average volume of 233,943. The stock has a market cap of $131.58 million, a price-to-earnings ratio of 26.39 and a beta of 0.85. Clarus has a twelve month low of $3.25 and a twelve month high of $7.55. The firm has a fifty day moving average of $4.18 and a 200-day moving average of $4.41.

Clarus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 17th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Monday, March 17th. Clarus's dividend payout ratio is presently -7.35%.

Institutional Investors Weigh In On Clarus

Several institutional investors have recently modified their holdings of the company. Intech Investment Management LLC purchased a new stake in shares of Clarus in the fourth quarter valued at about $64,000. Envestnet Asset Management Inc. boosted its holdings in shares of Clarus by 38.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 15,864 shares of the company's stock worth $72,000 after purchasing an additional 4,371 shares during the last quarter. Wells Fargo & Company MN increased its stake in Clarus by 26.6% in the fourth quarter. Wells Fargo & Company MN now owns 18,119 shares of the company's stock valued at $82,000 after purchasing an additional 3,810 shares during the last quarter. Legacy Capital Group California Inc. boosted its stake in Clarus by 40.3% in 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 last quarter. Finally, Lepercq Multi Asset Fund purchased a new stake in Clarus in the 4th quarter valued at about $95,000. Hedge funds and other institutional investors 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.