Nautilus (NLS) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of Nautilus (NYSE:NLS) from a sell rating to a hold rating in a report published on Wednesday morning.

Several other equities research analysts also recently commented on the stock. B. Riley boosted their target price on shares of Nautilus from $19.50 to $21.00 and gave the stock a buy rating in a research report on Friday, August 24th. Imperial Capital decreased their target price on shares of Nautilus to $12.00 and set an in-line rating for the company in a research report on Tuesday, October 30th. Zacks Investment Research raised shares of Nautilus from a sell rating to a hold rating in a research report on Tuesday, July 24th. Finally, Lake Street Capital raised shares of Nautilus from a hold rating to a buy rating and boosted their target price for the stock from $16.00 to $17.00 in a research report on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Nautilus presently has a consensus rating of Hold and a consensus target price of $16.50.

NLS opened at $13.47 on Wednesday. Nautilus has a 1-year low of $10.82 and a 1-year high of $17.20. The company has a quick ratio of 1.35, a current ratio of 1.93 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $394.08 million, a price-to-earnings ratio of 15.31, a P/E/G ratio of 1.29 and a beta of 1.13.

Nautilus (NYSE:NLS) last posted its quarterly earnings results on Monday, October 29th. The specialty retailer reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). Nautilus had a net margin of 5.31% and a return on equity of 11.91%. The company had revenue of $91.10 million during the quarter, compared to the consensus estimate of $94.12 million. During the same period last year, the firm posted $0.27 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities analysts predict that Nautilus will post 1.03 earnings per share for the current year.

In other news, CEO Bruce M. Cazenave sold 16,600 shares of the business’s stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $14.01, for a total transaction of $232,566.00. Following the completion of the sale, the chief executive officer now directly owns 382,094 shares of the company’s stock, valued at $5,353,136.94. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC purchased a new position in Nautilus during the second quarter worth about $111,000. SG Americas Securities LLC purchased a new position in Nautilus during the second quarter worth about $120,000. Aperio Group LLC purchased a new position in Nautilus during the second quarter worth about $178,000. Bank of Montreal Can boosted its holdings in Nautilus by 1,797.3% during the second quarter. Bank of Montreal Can now owns 11,403 shares of the specialty retailer’s stock worth $178,000 after purchasing an additional 10,802 shares during the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new position in Nautilus during the second quarter worth about $181,000. Institutional investors and hedge funds own 93.19% 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.

Recommended Story: Why is insider trading harmful?

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

Analyst Recommendations for Nautilus (NYSE:NLS)

Receive News & Ratings for Nautilus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nautilus and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply