Nautilus Group, Inc. (The) (NYSE:NLS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, July 12th.
According to Zacks, “Nautilus, Inc. helps people achieve a fit and healthy lifestyle through proper exercise, rest and nutrition. With a brand portfolio that includes Nautilus, Bowflex, SchwinnFitness, StairMaster and Trimline, Nautilus manufactures and markets a complete line of innovative health and fitness products through direct, commercial and retail channels. “
NLS has been the subject of a number of other research reports. Lake Street Capital began coverage on Nautilus Group, Inc. (The) in a research report on Friday, March 17th. They set a “buy” rating and a $25.00 price target for the company. B. Riley reaffirmed a “neutral” rating and set a $18.50 price target on shares of Nautilus Group, Inc. (The) in a research report on Tuesday, March 14th. Finally, Imperial Capital lifted their price target on Nautilus Group, Inc. (The) from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.75.
Shares of Nautilus Group, Inc. (NLS) traded up 0.30% on Wednesday, hitting $16.70. The stock had a trading volume of 165,649 shares. The company’s 50 day moving average price is $18.02 and its 200-day moving average price is $17.58. The company has a market cap of $513.59 million, a P/E ratio of 18.07 and a beta of 2.05. Nautilus Group, Inc. has a 12 month low of $14.28 and a 12 month high of $24.99.
Nautilus Group, Inc. (The) (NYSE:NLS) last posted its quarterly earnings data on Monday, July 31st. The specialty retailer reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.01. The business had revenue of $77 million during the quarter, compared to analyst estimates of $77.71 million. Nautilus Group, Inc. (The) had a return on equity of 17.22% and a net margin of 7.25%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 EPS. On average, analysts expect that Nautilus Group, Inc. will post $1.12 earnings per share for the current year.
Nautilus Group, Inc. (The) declared that its board has authorized a share buyback plan on Monday, May 1st that authorizes the company to buyback $15.00 million in shares. This buyback authorization authorizes the specialty retailer to buy up to 2.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
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In other Nautilus Group, Inc. (The) news, Director Ronald P. Badie sold 5,500 shares of Nautilus Group, Inc. (The) stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $18.90, for a total transaction of $103,950.00. Following the completion of the transaction, the director now owns 40,826 shares in the company, valued at approximately $771,611.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director M Carl Johnson III sold 4,550 shares of Nautilus Group, Inc. (The) stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $18.41, for a total value of $83,765.50. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its position in Nautilus Group, Inc. (The) by 78.5% in the second quarter. State of Alaska Department of Revenue now owns 6,014 shares of the specialty retailer’s stock worth $115,000 after buying an additional 2,644 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Nautilus Group, Inc. (The) by 13.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,474 shares of the specialty retailer’s stock worth $120,000 after buying an additional 784 shares during the last quarter. Mason Street Advisors LLC raised its position in Nautilus Group, Inc. (The) by 5.5% in the first quarter. Mason Street Advisors LLC now owns 7,179 shares of the specialty retailer’s stock worth $131,000 after buying an additional 377 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in Nautilus Group, Inc. (The) by 2.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,260 shares of the specialty retailer’s stock worth $139,000 after buying an additional 170 shares during the last quarter. Finally, Capstone Asset Management Co. bought a new position in Nautilus Group, Inc. (The) during the first quarter worth $184,000. Institutional investors and hedge funds own 98.08% of the company’s stock.
Nautilus Group, Inc. (The) Company Profile
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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