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. “
A number of other equities research analysts have also issued reports on the stock. Lake Street Capital dropped their price objective on shares of Nautilus from $8.00 to $5.00 and set a “hold” rating for the company in a report on Tuesday, May 7th. ValuEngine raised shares of Nautilus from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Imperial Capital reaffirmed an “in-line” rating and set a $4.50 target price (down previously from $6.00) on shares of Nautilus in a research note on Wednesday, May 8th. Finally, DA Davidson lowered their target price on shares of Nautilus to $5.00 and set a “neutral” rating for the company in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Nautilus has a consensus rating of “Hold” and a consensus target price of $7.07.
Nautilus (NYSE:NLS) last announced its quarterly earnings data on Monday, May 6th. The specialty retailer reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.26). Nautilus had a negative net margin of 0.54% and a negative return on equity of 0.83%. The firm had revenue of $84.40 million during the quarter, compared to analysts’ expectations of $92.41 million. During the same period in the prior year, the company posted $0.27 EPS. The company’s revenue for the quarter was down 26.5% compared to the same quarter last year. As a group, research analysts anticipate that Nautilus will post -0.23 EPS for the current fiscal year.
In related news, CEO M Carl Johnson III bought 10,000 shares of the stock in a transaction on Thursday, May 30th. The stock was bought at an average price of $2.78 per share, with a total value of $27,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.20% of the company’s stock.
A number of hedge funds have recently made changes to their positions in NLS. Rhumbline Advisers raised its stake in shares of Nautilus by 19.4% during the fourth quarter. Rhumbline Advisers now owns 84,294 shares of the specialty retailer’s stock valued at $919,000 after acquiring an additional 13,704 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new position in Nautilus during the fourth quarter valued at approximately $123,000. First Trust Advisors LP lifted its position in Nautilus by 16.8% during the fourth quarter. First Trust Advisors LP now owns 53,774 shares of the specialty retailer’s stock valued at $586,000 after purchasing an additional 7,746 shares during the period. California Public Employees Retirement System lifted its position in Nautilus by 5.7% during the fourth quarter. California Public Employees Retirement System now owns 76,894 shares of the specialty retailer’s stock valued at $838,000 after purchasing an additional 4,128 shares during the period. Finally, BlackRock Inc. raised its position in Nautilus by 1.9% in the fourth quarter. BlackRock Inc. now owns 4,471,941 shares of the specialty retailer’s stock worth $48,743,000 after acquiring an additional 85,461 shares during the period. 89.50% of the stock is owned by institutional investors.
Nautilus, Inc, a consumer fitness products company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer and commercial use in the United States, Canada, and internationally. The company operates in two segments, Direct and Retail. It offers specialized cardio products, treadmills, ellipticals, bike products, strength products, home gyms, dumbbells, and weight benches primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands.
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