Nautilus (NLS) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Nautilus (NYSE:NLS) from a hold rating to a buy rating in a report published on Tuesday morning. Zacks Investment Research currently has $15.00 price target 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. “
A number of other research analysts have also commented on NLS. B. Riley set a $20.00 price target on Nautilus and gave the company a buy rating in a report on Tuesday, October 31st. SunTrust Banks lowered Nautilus from a buy rating to a hold rating and set a $16.00 price target on the stock. in a report on Tuesday, October 31st. Lake Street Capital lowered Nautilus from a buy rating to a hold rating and lowered their target price for the stock from $25.00 to $15.00 in a report on Tuesday, October 31st. Imperial Capital lowered Nautilus from an outperform rating to an in-line rating and lowered their target price for the stock from $20.00 to $14.00 in a report on Tuesday, October 31st. Finally, TheStreet lowered Nautilus from a b rating to a c+ rating in a report on Thursday, November 2nd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Nautilus currently has a consensus rating of Buy and a consensus price target of $18.47.
Nautilus (NYSE:NLS) last issued its quarterly earnings results on Monday, October 30th. The specialty retailer reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $88.10 million for the quarter, compared to analyst estimates 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 last year, the company earned $0.16 earnings per share. research analysts expect that Nautilus will post 0.92 earnings per share for the current fiscal year.
In related news, CEO Bruce M. Cazenave sold 10,700 shares of Nautilus stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $13.71, for a total transaction of $146,697.00. Following the transaction, the chief executive officer now directly owns 372,876 shares of the company’s stock, valued at $5,112,129.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Anne Saunders sold 5,000 shares of Nautilus stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $13.00, for a total value of $65,000.00. Following the transaction, the director now directly owns 11,626 shares in the company, 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 worth $622,663. 3.70% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Citigroup Inc. boosted its position in shares of Nautilus by 3,252.1% in 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 period. SG Americas Securities LLC acquired a new stake in Nautilus during the 3rd quarter worth about $134,000. UBS Asset Management Americas Inc. acquired a new stake in Nautilus during the 2nd quarter worth about $193,000. Jane Street Group LLC acquired a new stake in Nautilus during the 3rd quarter worth about $173,000. Finally, Municipal Employees Retirement System of Michigan boosted its position in 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 worth $195,000 after acquiring an additional 4,260 shares during the period. Institutional investors and hedge funds own 97.86% of the company’s stock.
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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