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

Clarus Co. (NASDAQ:CLAR) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders 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 yield of 2.28%. The ex-dividend date of this dividend is Monday, November 18th.

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

Clarus Price Performance

CLAR stock opened at $4.39 on Friday. Clarus has a one year low of $3.89 and a one year high of $7.55. The stock has a market cap of $168.40 million, a PE ratio of 26.39 and a beta of 0.83. The firm has a 50 day simple moving average of $4.37 and a two-hundred day simple moving average of $5.48.

Clarus (NASDAQ:CLAR) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.02 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 company had revenue of $67.12 million during the quarter, compared to analysts’ expectations of $72.98 million. On average, research analysts expect that Clarus will post 0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on CLAR. StockNews.com cut shares of Clarus from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. Roth Mkm cut shares of Clarus from a “buy” rating to a “neutral” rating and cut their price objective for the company from $7.50 to $6.00 in a research note on Friday, August 2nd. B. Riley cut their price objective on shares of Clarus from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Finally, Roth Capital cut shares of Clarus from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.67.

Insider Activity

In other news, Chairman Warren B. Kanders purchased 30,000 shares of the company’s stock in a transaction on Monday, September 9th. The stock was acquired at an average price 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. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Warren B. Kanders purchased 200,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $4.19 per share, with a total value of $838,000.00. Following the transaction, the chairman now directly owns 4,045,527 shares of the company’s stock, valued at approximately $16,950,758.13. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Warren B. Kanders purchased 30,000 shares of the company’s stock in a transaction on Monday, September 9th. The shares were 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 ownership of the stock. The disclosure for this purchase can be found here. 20.40% of the stock is owned by corporate insiders.

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.