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

Clarus Co. (NASDAQ:CLAR) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Monday, November 18th.

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

Clarus Stock Performance

Shares of CLAR opened at $4.75 on Friday. Clarus has a 52-week low of $3.89 and a 52-week high of $7.55. The stock’s 50-day simple moving average is $4.37 and its 200 day simple moving average is $5.48. The stock has a market capitalization of $182.21 million, a price-to-earnings ratio of 26.39 and a beta of 0.83.

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

Analyst Ratings Changes

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

Insider Transactions at Clarus

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