B. Riley Cuts Clarus (NASDAQ:CLAR) Price Target to $5.00

Clarus (NASDAQ:CLAR) had its price target reduced by B. Riley from $5.50 to $5.00 in a research report report published on Monday morning,Benzinga reports. B. Riley currently has a buy rating on the stock. B. Riley also issued estimates for Clarus’ Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at ($0.03) EPS, Q3 2025 earnings at $0.07 EPS and FY2025 earnings at $0.05 EPS.

Separately, Lake Street Capital lowered their target price on shares of Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.33.

Clarus Stock Performance

CLAR stock opened at $3.96 on Monday. Clarus has a 52 week low of $3.89 and a 52 week high of $7.55. The company’s 50-day simple moving average is $4.63 and its 200 day simple moving average is $4.52. The company has a market capitalization of $151.91 million, a PE ratio of 30.46 and a beta of 0.82.

Clarus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Monday, March 17th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.10 annualized dividend and a yield of 2.53%. Clarus’s dividend payout ratio is -7.35%.

Hedge Funds Weigh In On Clarus

Hedge funds have recently bought and sold shares of the company. Peapod Lane Capital LLC acquired a new stake in shares of Clarus during the 4th quarter worth approximately $2,153,000. First Eagle Investment Management LLC lifted its stake in Clarus by 34.3% during the fourth quarter. First Eagle Investment Management LLC now owns 785,200 shares of the company’s stock worth $3,541,000 after purchasing an additional 200,500 shares during the last quarter. Cove Street Capital LLC boosted its holdings in shares of Clarus by 182.4% in the 4th quarter. Cove Street Capital LLC now owns 297,431 shares of the company’s stock valued at $1,341,000 after purchasing an additional 192,099 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Clarus by 12.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,194,640 shares of the company’s stock valued at $5,388,000 after purchasing an additional 134,627 shares during the last quarter. Finally, CastleKnight Management LP raised its holdings in shares of Clarus by 59.3% during the 4th quarter. CastleKnight Management LP now owns 318,100 shares of the company’s stock worth $1,435,000 after buying an additional 118,413 shares in the last quarter. 90.30% of the stock is owned by institutional investors.

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.