Nautilus (NLS) Downgraded by Zacks Investment Research
Nautilus (NYSE:NLS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors 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. “
NLS has been the topic of several other reports. Lake Street Capital cut shares of Nautilus from a “buy” rating to a “hold” rating and dropped their price objective for the company from $25.00 to $15.00 in a research note on Tuesday, October 31st. B. Riley reissued a “buy” rating and issued a $19.75 price objective on shares of Nautilus in a research note on Friday, November 17th. SunTrust Banks cut shares of 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. TheStreet cut shares of Nautilus from a “b” rating to a “c+” rating in a research note on Thursday, November 2nd. Finally, Imperial Capital cut shares of Nautilus from an “outperform” rating to an “in-line” rating and dropped their price objective for the company from $20.00 to $14.00 in a research note on Tuesday, October 31st. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Nautilus has an average rating of “Buy” and an average target price of $18.47.
Nautilus (NYSE:NLS) last announced its quarterly earnings data on Monday, October 30th. The specialty retailer reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $88.10 million for the quarter, compared to analysts’ expectations of $92.29 million. Nautilus had a net margin of 7.28% and a return on equity of 18.54%. Nautilus’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 EPS. equities analysts forecast that Nautilus will post 0.92 earnings per share for the current year.
In other 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 transaction, the senior vice president now directly owns 60,189 shares of the company’s stock, valued at approximately $772,826.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Bruce M. Cazenave sold 10,700 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $12.65, for a total transaction of $135,355.00. Following the transaction, the chief executive officer now directly owns 372,876 shares in the company, valued at $4,716,881.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,940 shares of company stock worth $622,663. Corporate insiders own 3.70% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its position in shares of Nautilus by 15.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 151,831 shares of the specialty retailer’s stock worth $2,027,000 after buying an additional 20,517 shares in the last quarter. Skylands Capital LLC boosted its position in shares of Nautilus by 227.2% in the 4th quarter. Skylands Capital LLC now owns 376,297 shares of the specialty retailer’s stock worth $5,024,000 after buying an additional 261,297 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Nautilus in the 3rd quarter worth about $232,000. Jane Street Group LLC purchased a new stake in shares of Nautilus in the 3rd quarter worth about $173,000. Finally, Granite Point Capital Management L.P. purchased a new stake in shares of Nautilus in the 3rd quarter worth about $220,000. 97.86% of the stock is currently owned by institutional investors and hedge funds.
Nautilus 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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