Barclays PLC Acquires 5,419 Shares of Clarus Co. (NASDAQ:CLAR)

Barclays PLC lifted its holdings in shares of Clarus Co. (NASDAQ:CLAR) by 13.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 45,897 shares of the company’s stock after buying an additional 5,419 shares during the quarter. Barclays PLC’s holdings in Clarus were worth $207,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Russell Investments Group Ltd. grew its holdings in Clarus by 2.1% in the 4th quarter. Russell Investments Group Ltd. now owns 1,343,581 shares of the company’s stock worth $6,060,000 after acquiring an additional 28,248 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Clarus by 34.3% in the 4th quarter. First Eagle Investment Management LLC now owns 785,200 shares of the company’s stock worth $3,541,000 after acquiring an additional 200,500 shares during the last quarter. Geode Capital Management LLC grew its holdings in Clarus by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 714,376 shares of the company’s stock worth $3,222,000 after acquiring an additional 6,175 shares during the last quarter. American Century Companies Inc. grew its holdings in Clarus by 13.1% in the 4th quarter. American Century Companies Inc. now owns 548,172 shares of the company’s stock worth $2,472,000 after acquiring an additional 63,342 shares during the last quarter. Finally, Peapod Lane Capital LLC bought a new stake in Clarus in the 4th quarter worth $2,153,000. Institutional investors own 90.30% of the company’s stock.

Clarus Trading Up 3.1%

NASDAQ:CLAR opened at $3.32 on Tuesday. The company has a 50-day moving average price of $3.63 and a 200-day moving average price of $4.27. Clarus Co. has a 12 month low of $3.13 and a 12 month high of $7.24. The stock has a market cap of $127.49 million, a price-to-earnings ratio of 25.54 and a beta of 0.87.

Clarus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th will be given a $0.025 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.10 annualized dividend and a dividend yield of 3.01%. Clarus’s dividend payout ratio is -4.83%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CLAR shares. Stifel Nicolaus cut their price target on shares of Clarus from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Lake Street Capital cut their price target on shares of Clarus from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Friday. Finally, B. Riley cut their price target on shares of Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Clarus presently has an average rating of “Hold” and an average price target of $5.50.

Clarus 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.