Clarus (NASDAQ:CLAR) Price Target Cut to $7.00 by Analysts at Stifel Nicolaus

Clarus (NASDAQ:CLAR) had its price target decreased by Stifel Nicolaus from $8.00 to $7.00 in a report released on Thursday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the company. B. Riley dropped their price objective on Clarus from $5.50 to $5.00 and set a “buy” rating for the company in a report on Monday, March 10th. Lake Street Capital dropped their price target on Clarus from $5.50 to $5.00 and set a “buy” rating for the company in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.75.

Clarus Trading Down 5.5 %

CLAR stock opened at $3.41 on Thursday. The firm’s 50-day moving average price is $4.24 and its two-hundred day moving average price is $4.43. The stock has a market capitalization of $130.81 million, a price-to-earnings ratio of 26.23 and a beta of 0.85. Clarus has a 12-month low of $3.25 and a 12-month high of $7.55.

Clarus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 17th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Monday, March 17th. Clarus’s payout ratio is -7.35%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CLAR. Intech Investment Management LLC purchased a new stake in shares of Clarus during the fourth quarter valued at approximately $64,000. Envestnet Asset Management Inc. raised its stake in shares of Clarus by 38.0% in 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 boosted its position in shares of Clarus by 26.6% during the fourth quarter. Wells Fargo & Company MN now owns 18,119 shares of the company’s stock valued at $82,000 after buying an additional 3,810 shares during the last quarter. Legacy Capital Group California Inc. raised its position 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 bought a new stake in shares of Clarus in the fourth quarter worth approximately $95,000. 90.30% of the stock is owned by hedge funds and other institutional investors.

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.