Nautilus (NLS) Upgraded to Hold at Zacks Investment Research

Nautilus (NYSE:NLS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

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. “

NLS has been the topic of several other reports. B. Riley set a $20.00 price target on shares of Nautilus and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Imperial Capital lowered shares of Nautilus from an “outperform” rating to an “in-line” rating and dropped their price target for the stock from $20.00 to $14.00 in a research report on Tuesday, October 31st. SunTrust Banks lowered shares of Nautilus from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research report on Tuesday, October 31st. Lake Street Capital lowered shares of Nautilus from a “buy” rating to a “hold” rating and dropped their price target for the stock from $25.00 to $15.00 in a research report on Tuesday, October 31st. Finally, Aegis assumed coverage on shares of Nautilus in a research report on Monday, September 11th. They set a “buy” rating and a $21.00 price target on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Nautilus has a consensus rating of “Buy” and an average target price of $18.96.

Shares of Nautilus (NYSE NLS) traded up $0.20 on Tuesday, reaching $13.25. 612,194 shares of the company traded hands, compared to its average volume of 373,809. Nautilus has a fifty-two week low of $12.25 and a fifty-two week high of $19.80. The firm has a market capitalization of $400.73, a PE ratio of 13.95, a price-to-earnings-growth ratio of 1.26 and a beta of 2.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.02 and a quick ratio of 1.38.

Nautilus (NYSE:NLS) last announced its earnings results on Monday, October 30th. The specialty retailer reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.03. Nautilus had a net margin of 7.28% and a return on equity of 18.54%. The business had revenue of $88.10 million during the quarter, compared to analysts’ expectations of $92.29 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. equities research analysts predict 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 company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $12.84, for a total transaction of $207,879.60. Following the sale, the senior vice president now directly owns 60,189 shares of the company’s stock, valued at $772,826.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bruce M. Cazenave sold 5,350 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $12.66, for a total transaction of $67,731.00. Following the sale, the chief executive officer now directly owns 372,876 shares in the company, valued at $4,720,610.16. The disclosure for this sale can be found here. Insiders have sold 47,940 shares of company stock worth $622,663 over the last ninety days. Insiders own 3.70% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Nautilus in the third quarter valued at about $134,000. Citigroup Inc. raised its position in shares of Nautilus by 3,252.1% in the second 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. Jane Street Group LLC bought a new position in shares of Nautilus in the third quarter valued at about $173,000. UBS Asset Management Americas Inc. bought a new position in shares of Nautilus in the second quarter valued at about $193,000. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Nautilus by 58.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,520 shares of the specialty retailer’s stock valued at $195,000 after purchasing an additional 4,260 shares during the period. 97.86% of the stock is currently owned by institutional investors.

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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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