Clarus Co. (CLAR) To Go Ex-Dividend on May 19th

Clarus Co. (NASDAQ:CLAR) announced a quarterly dividend on Tuesday, May 6th, RTT News reports. Shareholders of record on Monday, May 19th will be paid a dividend of 0.025 per share on Wednesday, May 28th. This represents a $0.10 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Monday, May 19th.

Clarus has a payout ratio of -500.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Clarus to earn $0.15 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 66.7%.

Clarus Stock Performance

Clarus stock opened at $3.41 on Thursday. The stock has a market capitalization of $130.76 million, a price-to-earnings ratio of 26.19 and a beta of 0.87. Clarus has a 52-week low of $3.18 and a 52-week high of $7.24. The stock’s 50 day moving average price is $3.69 and its two-hundred day moving average price is $4.28.

Analysts Set New Price Targets

A number of equities research analysts have commented on CLAR shares. B. Riley reduced their price target on shares of Clarus from $5.50 to $5.00 and set a “buy” rating for the company in a report on Monday, March 10th. Lake Street Capital decreased their target price on Clarus from $5.50 to $5.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Finally, Stifel Nicolaus cut their price target on Clarus from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Clarus currently has a consensus rating of “Hold” and an average price target of $5.75.

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.