In November, the amount of short interest against Clarus Co. (NASDAQ: CLAR) significantly decreased. As of November 15, there were 5,320,000 shares total that had been shorted, down from 5,980,000 on October 31 by an 11.0% margin. Based on an average trading volume of 1,660,000 shares, the short-interest ratio is currently 3.2 days. 21.4% of the company’s stock has been sold short.
The most recent quarterly earnings report from Clarus (NASDAQ: CLAR) was made public on Monday, November 7. The company’s $0.21 per share for the quarter was less than ($0.12) the analysts’ forecast of $0.33 per share. Clarus had a net margin of 5.60% and a return on equity of 12.09%. Sales for the quarter came to $115.72 million, less than the $118.08 million experts predicted. Analysts expect Clarus to generate $0.89 in earnings per share for the current year.
The company also announced a quarterly dividend, which was paid out on Friday, November 25. A $0.025 per share dividend was paid to shareholders who had shares of record on November 14. The ex-dividend date fell on November 10, a Thursday. This yield is 1.21% and a $0.10 annual dividend value. Clarus’ current dividend payout percentage is 15.38%.
Three hundred ten thousand nine hundred sixty-eight shares of CLAR were traded on Friday during regular trading hours, which was lower than its daily average volume of 771,450 shares and resulted in a $0.02 decline in price to $8.27. The company is a wise investment with a market value of $309.13 million, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 0.52, and a beta of 0.87. The company’s debt-to-equity ratio is 0.43, its current ratio is 4.20, and its quick ratio is 1.67. The price of Clarus has ranged from $7.16 to $29.32 over the past year. The company’s fifty-day simple moving average is $10.77, and its two-hundred-day simple moving average is $16.75.
Several brokerages have shared their opinions on CLAR. Lake Street Capital lowered its target price for Clarus on Tuesday, November 8, from $35 to $22. In a research study that was made public on August 18, Raymond James lowered Clarus’ rating from “outperform” to “market perform.” TheStreet lowered Clarus’ rating from a “b-” to a “c+” in a research report on Thursday, September 22. In a research report published on Monday, November 21, StockNews.com upgraded Clarus to a “sell” recommendation. In a research report released on November 7, Roth Capital cut its Clarus target price from $28.00 to $16.00. The company has received buy ratings from four research analysts, hold ratings from two, and sell ratings from one. According to information from Bloomberg.com, the company now has a consensus price target of $25.25 and an average recommendation of “Hold.”
Additionally, COO Aaron Kuehne acquired 4,092 additional company stock on Friday, September 23. $49,963.32 was paid for the shares or $12.21 on average. The chief operating officer now owns 95,248 company shares worth $1,162,978.08 following the acquisition. You can access the SEC legal filing where the transaction was revealed by clicking this link. Insiders of the corporation own 24.10% of the shares.