Nautilus Group, Inc. (The) (NLS) Upgraded to “Hold” by Zacks Investment Research
Nautilus Group, Inc. (The) (NYSE:NLS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.
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. “
Several other equities analysts also recently issued reports on NLS. DA Davidson raised shares of Nautilus Group, Inc. (The) from a “neutral” rating to a “buy” rating and upped their price objective for the company from $19.00 to $22.00 in a research note on Wednesday, August 9th. B. Riley reaffirmed a “buy” rating and set a $22.00 price target on shares of Nautilus Group, Inc. (The) in a research note on Tuesday, September 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $22.67.
Nautilus Group, Inc. (NYSE:NLS) traded down 2.13% during mid-day trading on Wednesday, reaching $16.05. 167,455 shares of the company traded hands. The stock has a market capitalization of $494.12 million, a PE ratio of 17.37 and a beta of 2.15. Nautilus Group, Inc. has a 52-week low of $14.27 and a 52-week high of $24.99. The stock has a 50-day moving average of $17.04 and a 200 day moving average of $17.58.
Nautilus Group, Inc. (The) (NYSE:NLS) last announced its quarterly earnings data on Monday, July 31st. The specialty retailer reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.01. The firm had revenue of $77 million for the quarter, compared to analysts’ expectations of $77.71 million. Nautilus Group, Inc. (The) had a net margin of 7.25% and a return on equity of 17.22%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 EPS. Equities research analysts expect that Nautilus Group, Inc. will post $1.12 earnings per share for the current year.
In related news, Director Richard A. Horn sold 7,500 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $16.70, for a total transaction of $125,250.00. Following the completion of the sale, the director now directly owns 41,626 shares of the company’s stock, valued at approximately $695,154.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.70% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in NLS. Capstone Asset Management Co. bought a new position in shares of Nautilus Group, Inc. (The) in the 1st quarter worth about $184,000. Nationwide Fund Advisors lifted its position in Nautilus Group, Inc. (The) by 6.2% in the 1st quarter. Nationwide Fund Advisors now owns 389,172 shares of the specialty retailer’s stock valued at $7,102,000 after purchasing an additional 22,663 shares during the last quarter. Comerica Bank lifted its position in Nautilus Group, Inc. (The) by 3.0% in the 1st quarter. Comerica Bank now owns 34,077 shares of the specialty retailer’s stock valued at $630,000 after purchasing an additional 987 shares during the last quarter. Teton Advisors Inc. lifted its position in Nautilus Group, Inc. (The) by 24.7% in the 1st quarter. Teton Advisors Inc. now owns 106,031 shares of the specialty retailer’s stock valued at $1,935,000 after purchasing an additional 21,000 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in Nautilus Group, Inc. (The) in the 1st quarter valued at about $574,000. 97.74% of the stock is owned by institutional investors.
About Nautilus Group, Inc. (The)
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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