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

Clarus Co. (NASDAQ:CLAR) announced a quarterly dividend on Saturday, November 16th,Zacks Dividends reports. Shareholders 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 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Monday, November 18th.

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

Clarus Trading Up 4.2 %

Shares of Clarus stock opened at $4.48 on Friday. The company has a 50 day moving average of $4.41 and a 200-day moving average of $5.39. The company has a market cap of $171.85 million, a PE ratio of 34.46 and a beta of 0.83. Clarus has a 1-year low of $3.89 and a 1-year high of $7.55.

Clarus (NASDAQ:CLAR) last released its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Clarus had a negative return on equity of 2.17% and a net margin of 1.80%. The business had revenue of $67.12 million for the quarter, compared to the consensus estimate of $72.98 million. Research analysts forecast that Clarus will post 0.02 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Michael A. Henning sold 44,600 shares of Clarus stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $4.46, for a total transaction of $198,916.00. Following the transaction, the director now owns 110,400 shares in the company, valued at approximately $492,384. The trade was a 28.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Warren B. Kanders acquired 30,000 shares of Clarus stock in a transaction that occurred 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 purchase, the chairman now owns 4,075,527 shares of the company’s stock, valued at $16,505,884.35. The trade was a 0.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 20.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CLAR shares. B. Riley lowered their target price on Clarus from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Roth Mkm downgraded shares of Clarus from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $7.50 to $6.00 in a research note on Friday, August 2nd. Roth Capital lowered shares of Clarus from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, StockNews.com downgraded shares of Clarus from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. One equities 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.67.

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.