Clarus Co. Plans 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 increased its dividend payment by an average of 10.1% annually over the last three years.

Clarus Trading Up 4.2 %

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

Clarus (NASDAQ:CLAR) last posted its quarterly 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 net margin of 1.80% and a negative return on equity of 2.17%. The company had revenue of $67.12 million during the quarter, compared to the consensus estimate of $72.98 million. On average, analysts forecast that Clarus will post 0.02 earnings per share for the current year.

Insider Buying and Selling

In related news, Chairman Warren B. Kanders purchased 200,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $4.19 per share, with a total value of $838,000.00. Following the acquisition, the chairman now owns 4,045,527 shares of the company’s stock, valued at $16,950,758.13. This trade represents a 5.20 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael A. Henning sold 44,600 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $4.46, for a total value of $198,916.00. Following the transaction, the director now directly owns 110,400 shares of the company’s stock, valued at approximately $492,384. This trade represents a 28.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

About Clarus

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.