Imperial Capital Cuts Nautilus (NLS) Price Target to $12.00

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Nautilus (NYSE:NLS) had its price target dropped by stock analysts at Imperial Capital to $12.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The firm presently has an “in-line” rating on the specialty retailer’s stock. Imperial Capital’s target price would suggest a potential downside of 1.88% from the company’s previous close.

Several other research analysts have also commented on the company. B. Riley boosted their price objective on Nautilus from $19.50 to $21.00 and gave the stock a “buy” rating in a report on Friday, August 24th. Zacks Investment Research raised Nautilus from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Lake Street Capital raised Nautilus from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $16.00 to $17.00 in a report on Tuesday, July 31st. Finally, TheStreet lowered Nautilus from a “b-” rating to a “c+” rating in a report on Thursday, July 19th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.50.

Shares of NYSE NLS opened at $12.23 on Tuesday. Nautilus has a 12 month low of $10.82 and a 12 month high of $17.20. The company has a quick ratio of 1.63, a current ratio of 2.19 and a debt-to-equity ratio of 0.13. The stock has a market cap of $383.24 million, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.24 and a beta of 1.08.

Nautilus (NYSE:NLS) last issued its quarterly earnings data on Monday, October 29th. The specialty retailer reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02). Nautilus had a return on equity of 12.00% and a net margin of 5.31%. The business had revenue of $91.10 million for the quarter, compared to analysts’ expectations of $94.12 million. During the same period in the previous year, the firm posted $0.27 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. Sell-side analysts anticipate that Nautilus will post 1.05 EPS for the current year.

In other Nautilus news, CEO Bruce M. Cazenave sold 16,600 shares of the company’s stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $14.01, for a total value of $232,566.00. Following the completion of the sale, the chief executive officer now owns 382,094 shares of the company’s stock, valued at $5,353,136.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Bruce M. Cazenave sold 10,700 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $14.81, for a total value of $158,467.00. Following the completion of the sale, the chief executive officer now directly owns 389,044 shares of the company’s stock, valued at approximately $5,761,741.64. The disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of NLS. Piedmont Investment Advisors LLC bought a new stake in Nautilus in the second quarter valued at approximately $111,000. SG Americas Securities LLC bought a new stake in Nautilus in the second quarter valued at approximately $120,000. Aperio Group LLC bought a new stake in Nautilus in the second quarter valued at approximately $178,000. Bank of Montreal Can lifted its position in Nautilus by 1,797.3% in the second quarter. Bank of Montreal Can now owns 11,403 shares of the specialty retailer’s stock valued at $178,000 after purchasing an additional 10,802 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new stake in Nautilus in the second quarter valued at approximately $181,000. 92.23% of the stock is owned by institutional investors and hedge funds.

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.

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