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

Clarus Co. (NASDAQ:CLAR) announced 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 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Monday, November 18th.

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

Clarus Price Performance

Shares of Clarus stock opened at $4.75 on Friday. The business has a 50-day simple moving average of $4.37 and a 200 day simple moving average of $5.48. The firm has a market capitalization of $182.21 million, a price-to-earnings ratio of 26.39 and a beta of 0.83. Clarus has a one year low of $3.89 and a one year high of $7.55.

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

Insider Activity at Clarus

In other Clarus news, Chairman Warren B. Kanders bought 30,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was purchased at an average cost of $4.05 per share, with a total value of $121,500.00. Following the transaction, the chairman now directly owns 4,075,527 shares in the company, valued at $16,505,884.35. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Chairman Warren B. Kanders bought 30,000 shares of Clarus stock in a transaction dated Monday, September 9th. The stock was purchased at an average cost of $4.05 per share, with a total value of $121,500.00. Following the transaction, the chairman now directly owns 4,075,527 shares of the company’s stock, valued at approximately $16,505,884.35. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Warren B. Kanders purchased 200,000 shares of the firm’s stock in a transaction dated 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 purchase, the chairman now owns 4,045,527 shares in the company, valued at $16,950,758.13. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 20.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. B. Riley dropped their price target on shares of Clarus from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Roth Mkm downgraded 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. StockNews.com lowered Clarus from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Finally, Roth Capital downgraded shares of Clarus from a “strong-buy” rating to a “hold” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Clarus presently has an average rating of “Hold” and an average price target 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.