DA Davidson Reaffirms Buy Rating for Nautilus Group, Inc. (The) (NLS)
Nautilus Group, Inc. (The) (NYSE:NLS)‘s stock had its “buy” rating reaffirmed by equities researchers at DA Davidson in a research report issued on Wednesday. They currently have a $22.00 price objective on the specialty retailer’s stock. DA Davidson’s price objective points to a potential upside of 27.54% from the company’s current price.
NLS has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Nautilus Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Imperial Capital lifted their price target on shares of Nautilus Group, Inc. (The) from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $22.08.
Nautilus Group, Inc. (NYSE NLS) opened at 17.35 on Wednesday. The company has a market cap of $534.14 million, a price-to-earnings ratio of 18.78 and a beta of 2.05. The company’s 50 day moving average is $17.93 and its 200 day moving average is $17.64. Nautilus Group, Inc. has a 1-year low of $14.27 and a 1-year high of $24.99.
Nautilus Group, Inc. (The) (NYSE:NLS) last issued its quarterly earnings results on Monday, July 31st. The specialty retailer reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by $0.01. Nautilus Group, Inc. (The) had a return on equity of 17.22% and a net margin of 7.25%. The firm had revenue of $77 million during the quarter, compared to analysts’ expectations of $77.71 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. Equities research analysts forecast that Nautilus Group, Inc. will post $1.12 EPS for the current year.
Nautilus Group, Inc. (The) announced that its board has authorized a share repurchase program on Monday, May 1st that authorizes the company to buyback $15.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to buy up to 2.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
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In other Nautilus Group, Inc. (The) news, Director M Carl Johnson III sold 4,550 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $18.41, for a total transaction of $83,765.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.70% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in Nautilus Group, Inc. (The) by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 24,450 shares of the specialty retailer’s stock worth $468,000 after buying an additional 310 shares during the last quarter. State Street Corp boosted its stake in Nautilus Group, Inc. (The) by 4.2% in the second quarter. State Street Corp now owns 738,489 shares of the specialty retailer’s stock worth $14,141,000 after buying an additional 29,999 shares during the last quarter. Gotham Asset Management LLC bought a new stake in Nautilus Group, Inc. (The) during the second quarter worth $1,030,000. AHL Partners LLP bought a new stake in Nautilus Group, Inc. (The) during the second quarter worth $304,000. Finally, Tudor Investment Corp ET AL bought a new stake in Nautilus Group, Inc. (The) during the second quarter worth $255,000. 99.75% of the stock is currently owned by institutional investors.
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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