Nautilus (NYSE:NLS) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Monday.
NLS has been the subject of several other reports. Imperial Capital reissued an “in-line” rating and issued a $12.00 price objective (down from $14.00) on shares of Nautilus in a research report on Wednesday, March 7th. B. Riley lifted their price objective on Nautilus from $16.75 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 8th. DA Davidson reissued a “buy” rating on shares of Nautilus in a research report on Tuesday, May 8th. Zacks Investment Research lowered Nautilus from a “hold” rating to a “sell” rating in a research report on Friday, March 9th. Finally, Lake Street Capital reissued a “hold” rating and issued a $14.00 price objective (down from $15.00) on shares of Nautilus in a research report on Tuesday, March 6th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $17.75.
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Nautilus traded up $0.20, hitting $16.50, during midday trading on Monday, according to MarketBeat.com. 228,500 shares of the company were exchanged, compared to its average volume of 339,199. The company has a market capitalization of $495.76 million, a PE ratio of 18.75 and a beta of 1.33. Nautilus has a 1-year low of $11.30 and a 1-year high of $19.25. The company has a current ratio of 2.27, a quick ratio of 1.76 and a debt-to-equity ratio of 0.15.
Nautilus (NYSE:NLS) last announced its earnings results on Monday, May 7th. The specialty retailer reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.05. Nautilus had a return on equity of 15.45% and a net margin of 6.68%. The firm had revenue of $114.80 million for the quarter, compared to the consensus estimate of $111.77 million. During the same period in the previous year, the business earned $0.26 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. equities research analysts predict that Nautilus will post 1.05 EPS for the current fiscal year.
Nautilus declared that its board has authorized a stock buyback program on Monday, March 5th that allows the company to repurchase $15.00 million in shares. This repurchase authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
In related news, CEO Bruce M. Cazenave sold 5,350 shares of the business’s stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $12.97, for a total value of $69,389.50. Following the completion of the sale, the chief executive officer now directly owns 381,396 shares of the company’s stock, valued at approximately $4,946,706.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Bruce M. Cazenave sold 10,700 shares of the business’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $16.51, for a total value of $176,657.00. Following the completion of the sale, the chief executive officer now directly owns 389,044 shares of the company’s stock, valued at $6,423,116.44. The disclosure for this sale can be found here. Insiders sold a total of 32,958 shares of company stock valued at $501,871 over the last ninety days. 3.50% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Engine Capital Management LLC bought a new stake in Nautilus in the 4th quarter valued at about $134,000. Teacher Retirement System of Texas bought a new stake in Nautilus in the 4th quarter valued at about $142,000. Virtu Financial LLC bought a new stake in Nautilus in the 4th quarter valued at about $179,000. Jefferies Group LLC bought a new stake in Nautilus in the 4th quarter valued at about $183,000. Finally, MetLife Investment Advisors LLC bought a new stake in Nautilus in the 4th quarter valued at about $218,000. 87.22% of the stock is owned by institutional investors and hedge funds.
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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