Nautilus (NLS) Downgraded by ValuEngine to “Sell”

ValuEngine lowered shares of Nautilus (NYSE:NLS) from a hold rating to a sell rating in a research report released on Tuesday morning.

NLS has been the topic of a number of other reports. Imperial Capital reiterated an in-line rating and set a $12.00 target price (down from $14.00) on shares of Nautilus in a research note on Wednesday, March 7th. B. Riley lifted their target price on Nautilus from $16.75 to $18.00 and gave the stock a neutral rating in a research note on Tuesday, May 8th. DA Davidson reiterated a buy rating on shares of Nautilus in a research note on Tuesday, May 8th. Zacks Investment Research cut Nautilus from a hold rating to a sell rating in a research note on Friday, March 9th. Finally, Lake Street Capital reiterated a hold rating and set a $14.00 target price (down from $15.00) on shares of Nautilus in a research note on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Nautilus presently has an average rating of Hold and a consensus target price of $17.75.

Nautilus opened at $15.25 on Tuesday, according to Marketbeat Ratings. The company has a current ratio of 2.27, a quick ratio of 1.76 and a debt-to-equity ratio of 0.15. The firm has a market cap of $482.07 million, a price-to-earnings ratio of 17.33 and a beta of 1.36. Nautilus has a 1 year low of $11.30 and a 1 year high of $19.25.

Nautilus (NYSE:NLS) last released its earnings results on Monday, May 7th. The specialty retailer reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.05. The company had revenue of $114.80 million for the quarter, compared to analysts’ expectations of $111.77 million. Nautilus had a return on equity of 15.45% and a net margin of 6.68%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 EPS. analysts expect that Nautilus will post 1.05 EPS for the current fiscal year.

Nautilus announced that its Board of Directors has initiated a share buyback plan on Monday, March 5th that permits the company to repurchase $15.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

In related news, CEO Bruce M. Cazenave sold 10,700 shares of the business’s stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $16.51, for a total value of $176,657.00. Following the sale, the chief executive officer now directly owns 389,044 shares in the company, valued at approximately $6,423,116.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jeffery Lynn Collins sold 2,167 shares of the business’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $16.50, for a total value of $35,755.50. Following the completion of the sale, the vice president now owns 112 shares in the company, valued at $1,848. The disclosure for this sale can be found here. Insiders sold a total of 31,252 shares of company stock worth $469,875 over the last 90 days. 3.50% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in NLS. Schwab Charles Investment Management Inc. raised its stake in Nautilus by 15.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 151,831 shares of the specialty retailer’s stock valued at $2,027,000 after acquiring an additional 20,517 shares during the period. Rice Hall James & Associates LLC bought a new stake in Nautilus in the 4th quarter valued at about $1,461,000. Northpointe Capital LLC raised its stake in Nautilus by 16.4% in the 4th quarter. Northpointe Capital LLC now owns 1,182,726 shares of the specialty retailer’s stock valued at $15,789,000 after acquiring an additional 167,065 shares during the period. Fisher Asset Management LLC raised its stake in Nautilus by 16.0% in the 4th quarter. Fisher Asset Management LLC now owns 132,742 shares of the specialty retailer’s stock valued at $1,772,000 after acquiring an additional 18,340 shares during the period. Finally, Kornitzer Capital Management Inc. KS raised its stake in Nautilus by 12.7% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 135,600 shares of the specialty retailer’s stock valued at $1,810,000 after acquiring an additional 15,300 shares during the period. Institutional investors and hedge funds own 87.00% of the company’s stock.

Nautilus Company Profile

Nautilus, Inc, a consumer fitness products company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer use in the United States, Canada, and internationally. The company operates in two segments, Direct and Retail. It offers specialized cardio products, treadmills, elliptical machine, bike products, strength products, home gyms, dumbbells, kettlebell weights, and weight benches primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Nautilus (NYSE:NLS)

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