Nautilus, Inc. (NYSE:NLS) – Equities researchers at DA Davidson decreased their Q1 2018 earnings estimates for Nautilus in a research report issued to clients and investors on Thursday. DA Davidson analyst A. Burns now forecasts that the specialty retailer will earn $0.25 per share for the quarter, down from their previous forecast of $0.26. DA Davidson also issued estimates for Nautilus’ Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.41 EPS and FY2019 earnings at $1.15 EPS.
NLS has been the topic of several other research reports. Zacks Investment Research cut shares of Nautilus from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Lake Street Capital cut shares of Nautilus from a “buy” rating to a “hold” rating and lowered their target price for the company from $25.00 to $15.00 in a research note on Tuesday, October 31st. B. Riley restated a “buy” rating and set a $19.75 target price on shares of Nautilus in a research note on Friday, November 17th. SunTrust Banks cut shares of Nautilus from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research note on Tuesday, October 31st. Finally, TheStreet cut shares of Nautilus from a “b” rating to a “c+” rating in a research note on Thursday, November 2nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Nautilus presently has an average rating of “Buy” and a consensus price target of $18.96.
Nautilus (NYSE:NLS) last posted its earnings results on Monday, October 30th. The specialty retailer reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The business had revenue of $88.10 million for the quarter, compared to analysts’ expectations of $92.29 million. Nautilus had a net margin of 7.28% and a return on equity of 18.54%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NLS. SG Americas Securities LLC purchased a new stake in shares of Nautilus during the 3rd quarter valued at about $134,000. Citigroup Inc. increased its position in shares of Nautilus by 3,252.1% during the 2nd quarter. Citigroup Inc. now owns 7,341 shares of the specialty retailer’s stock valued at $141,000 after purchasing an additional 7,122 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Nautilus during the 3rd quarter valued at about $173,000. UBS Asset Management Americas Inc. purchased a new stake in shares of Nautilus during the 2nd quarter valued at about $193,000. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Nautilus by 58.7% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 11,520 shares of the specialty retailer’s stock valued at $195,000 after purchasing an additional 4,260 shares during the last quarter. 97.86% of the stock is owned by hedge funds and other institutional investors.
In other news, SVP Wayne M. Bolio sold 16,190 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $12.84, for a total transaction of $207,879.60. Following the completion of the sale, the senior vice president now owns 60,189 shares of the company’s stock, valued at approximately $772,826.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bruce M. Cazenave sold 5,350 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $12.66, for a total transaction of $67,731.00. Following the sale, the chief executive officer now directly owns 372,876 shares of the company’s stock, valued at approximately $4,720,610.16. The disclosure for this sale can be found here. Insiders have sold a total of 47,940 shares of company stock valued at $622,663 in the last ninety days. Insiders own 3.70% of the company’s stock.
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Nautilus, Inc is a consumer fitness products company. The Company operates through two segments: Direct and Retail. Its principal business activities include designing, developing, sourcing and marketing of cardio and strength fitness products and related accessories for consumer use, primarily in the United States and Canada, but also in international markets outside North America.
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