Zacks Investment Research Lowers Nautilus (NLS) to Hold

Zacks Investment Research cut shares of Nautilus (NYSE:NLS) from a buy rating to a hold rating in a research note published on Wednesday.

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. “

Several other analysts have also commented on the company. B. Riley reaffirmed a buy rating and issued a $19.75 price target on shares of Nautilus in a research note on Friday, November 17th. TheStreet lowered Nautilus from a b rating to a c+ rating in a research note on Thursday, November 2nd. Imperial Capital lowered Nautilus from an outperform rating to an in-line rating and reduced their price objective for the stock from $20.00 to $14.00 in a research note on Tuesday, October 31st. Lake Street Capital lowered Nautilus from a buy rating to a hold rating and reduced their price objective for the stock from $25.00 to $15.00 in a research note on Tuesday, October 31st. Finally, SunTrust Banks lowered Nautilus from a buy rating to a hold rating and set a $16.00 price objective on the stock. in a research note on Tuesday, October 31st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $18.47.

Shares of Nautilus (NYSE NLS) traded up $0.20 during mid-day trading on Wednesday, reaching $13.60. The company had a trading volume of 203,173 shares, compared to its average volume of 347,056. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.20. The firm has a market cap of $411.48, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 1.28 and a beta of 2.13. Nautilus has a twelve month low of $12.25 and a twelve month high of $19.80.

Nautilus (NYSE:NLS) last announced its quarterly earnings results on Monday, October 30th. The specialty retailer reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The business 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%. Nautilus’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 EPS. research analysts anticipate that Nautilus will post 0.92 EPS for the current year.

In other Nautilus news, SVP Wayne M. Bolio sold 16,190 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $12.84, for a total value of $207,879.60. Following the transaction, the senior vice president now owns 60,189 shares of the company’s stock, valued at $772,826.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Bruce M. Cazenave sold 10,700 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $13.71, for a total value of $146,697.00. Following the sale, the chief executive officer now owns 372,876 shares of the company’s stock, valued at approximately $5,112,129.96. The disclosure for this sale can be found here. In the last three months, insiders sold 47,940 shares of company stock worth $622,663. Insiders own 3.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its position in shares of Nautilus by 15.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 151,831 shares of the specialty retailer’s stock worth $2,027,000 after acquiring an additional 20,517 shares during the last quarter. Skylands Capital LLC raised its position in shares of Nautilus by 227.2% during the fourth quarter. Skylands Capital LLC now owns 376,297 shares of the specialty retailer’s stock worth $5,024,000 after acquiring an additional 261,297 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Nautilus during the third quarter worth $232,000. Jane Street Group LLC bought a new stake in shares of Nautilus during the third quarter worth $173,000. Finally, Granite Point Capital Management L.P. bought a new stake in shares of Nautilus during the third quarter worth $220,000. Institutional investors own 97.86% of the company’s stock.

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About Nautilus

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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