Nautilus Inc. (NLS) Reaches New 12-Month High at $24.91
Nautilus Inc. (NYSE:NLS) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $24.91 and last traded at $24.82, with a volume of 309,728 shares traded. The stock had previously closed at $24.55.
NLS has been the subject of a number of analyst reports. B. Riley reiterated a “buy” rating and set a $23.00 price target on shares of Nautilus in a research report on Wednesday, August 3rd. Wunderlich restated a “buy” rating and issued a $24.00 price objective on shares of Nautilus in a report on Thursday, June 23rd. Zacks Investment Research upgraded Nautilus from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Finally, Imperial Capital upped their price objective on Nautilus from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $24.00.
The company has a market cap of $777.34 million, a P/E ratio of 27.43 and a beta of 1.99. The stock has a 50 day moving average price of $21.68 and a 200 day moving average price of $19.45.
Nautilus (NYSE:NLS) last issued its earnings results on Monday, August 1st. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. Nautilus had a return on equity of 24.07% and a net margin of 7.49%. The business earned $78.50 million during the quarter, compared to analysts’ expectations of $77.83 million. During the same period in the prior year, the firm posted $0.07 EPS. Nautilus’s quarterly revenue was up 31.5% compared to the same quarter last year. On average, equities research analysts anticipate that Nautilus Inc. will post $1.15 EPS for the current fiscal year.
In related news, Director Richard A. Horn sold 7,500 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $21.50, for a total transaction of $161,250.00. Following the completion of the sale, the director now directly owns 35,802 shares of the company’s stock, valued at approximately $769,743. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marvin G. Siegert sold 7,000 shares of the firm’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $21.28, for a total value of $148,960.00. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Kennedy Capital Management Inc. acquired a new stake in Nautilus during the first quarter worth $1,451,000. Hancock Holding Co. acquired a new stake in Nautilus during the first quarter worth $688,000. Geode Capital Management LLC boosted its stake in Nautilus by 3.1% in the first quarter. Geode Capital Management LLC now owns 422,149 shares of the company’s stock worth $8,155,000 after buying an additional 12,730 shares in the last quarter. Neumeier Poma Investment Counsel LLC boosted its stake in Nautilus by 12.2% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 749,690 shares of the company’s stock worth $14,484,000 after buying an additional 81,490 shares in the last quarter. Finally, Picton Mahoney Asset Management boosted its stake in Nautilus by 634.5% in the first quarter. Picton Mahoney Asset Management now owns 42,600 shares of the company’s stock worth $824,000 after buying an additional 36,800 shares in the last quarter. 85.96% of the stock is owned by hedge funds and other institutional investors.
Nautilus Company Profile
Nautilus, Inc is a consumer fitness products company. The Company operates through two segments: Direct and Retail. The Direct segment offers products directly to consumers through television advertising, catalogs and the Internet. The Retail segment offers its products through a network of independent retail companies with stores and Websites located in the United States and internationally.
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