Zacks Investment Research upgraded shares of Nautilus (NYSE:NLS) from a hold rating to a buy rating in a research report released on Tuesday morning. They currently have $15.00 target price on the specialty retailer’s stock.
According to Zacks, “Nautilus, Inc. is an iconic industry leader with a rich history and reputation for building the best cardio and strength equipment for home use. Known for its family of brands that included Bowflex, Nautilus, Octane Fitness, Schwinn, and Universal, the company develops, manufacturers and markets branded products that include home gyms, free weight equipment, treadmills, indoor cycling equipment, ellipticals, and fitness accessories. “
Several other analysts have also recently issued reports on the stock. B. Riley set a $20.00 price objective on shares of Nautilus and gave the company a buy rating in a research note on Tuesday, October 31st. Imperial Capital cut shares of Nautilus from an outperform rating to an in-line rating and lowered their price objective for the company from $20.00 to $14.00 in a research note on Tuesday, October 31st. SunTrust Banks cut shares of Nautilus from a buy rating to a hold rating and set a $16.00 price objective for the company. in a research note on Tuesday, October 31st. TheStreet cut shares of Nautilus from a b rating to a c+ rating in a research note on Thursday, November 2nd. Finally, Lake Street Capital cut shares of Nautilus from a buy rating to a hold rating and lowered their price objective for the company from $25.00 to $15.00 in a research note on Tuesday, October 31st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $18.47.
Nautilus (NYSE:NLS) last issued its quarterly earnings data on Monday, October 30th. The specialty retailer reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The firm had revenue of $88.10 million during the quarter, compared to the consensus estimate of $92.29 million. Nautilus had a return on equity of 18.54% and a net margin of 7.28%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 EPS. equities research analysts expect that Nautilus will post 0.92 earnings per share for the current fiscal year.
In related news, SVP Wayne M. Bolio sold 16,190 shares of the company’s stock in a transaction on 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 directly owns 60,189 shares of the company’s stock, valued at approximately $772,826.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anne Saunders sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $13.00, for a total transaction of $65,000.00. Following the sale, the director now directly owns 11,626 shares of the company’s stock, valued at $151,138. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,940 shares of company stock valued at $622,663. 3.70% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of NLS. SG Americas Securities LLC bought a new stake in Nautilus during the third quarter worth $134,000. Citigroup Inc. lifted its holdings in shares of Nautilus by 3,252.1% during the second 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 in the last quarter. Jane Street Group LLC bought a new position in shares of Nautilus during the third quarter valued at $173,000. UBS Asset Management Americas Inc. bought a new position in shares of Nautilus during the second quarter valued at $193,000. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of Nautilus by 58.7% during the third 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 in the last quarter. Hedge funds and other institutional investors own 97.86% 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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