Nautilus (NLS) Downgraded to Hold at ValuEngine

Nautilus (NYSE:NLS) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other brokerages have also commented on NLS. Zacks Investment Research lowered Nautilus from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. TheStreet lowered Nautilus from a “b” rating to a “c+” rating in a research note on Thursday, November 2nd. Lake Street Capital lowered Nautilus from a “buy” rating to a “hold” rating and reduced their target price for the stock from $25.00 to $15.00 in a research note on Tuesday, October 31st. SunTrust Banks lowered Nautilus from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research note on Tuesday, October 31st. Finally, B. Riley restated a “buy” rating and issued a $19.75 target price on shares of Nautilus in a research note on Friday, November 17th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Nautilus presently has an average rating of “Hold” and a consensus price target of $18.47.

Shares of Nautilus (NYSE:NLS) traded down $0.50 on Friday, hitting $12.30. The stock had a trading volume of 561,137 shares, compared to its average volume of 311,218. Nautilus has a 12-month low of $12.15 and a 12-month high of $19.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.38 and a current ratio of 2.02. The stock has a market cap of $377.70, a price-to-earnings ratio of 12.95, a PEG ratio of 1.17 and a beta of 1.59.

In related news, Director Anne Saunders sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $13.00, for a total value of $65,000.00. Following the completion of the transaction, the director now owns 11,626 shares in the company, valued at approximately $151,138. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bruce M. Cazenave sold 10,700 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $12.65, for a total value of $135,355.00. Following the completion of the transaction, the chief executive officer now owns 372,876 shares of the company’s stock, valued at approximately $4,716,881.40. The disclosure for this sale can be found here. Insiders sold a total of 47,940 shares of company stock valued at $622,663 in the last 90 days. 3.70% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Alambic Investment Management L.P. acquired a new stake in Nautilus during the 4th quarter worth about $4,192,000. Victory Capital Management Inc. grew its position in Nautilus by 6.6% during the 4th quarter. Victory Capital Management Inc. now owns 87,157 shares of the specialty retailer’s stock worth $1,163,000 after purchasing an additional 5,381 shares during the period. Engineers Gate Manager LP acquired a new stake in Nautilus during the 4th quarter worth about $567,000. HL Financial Services LLC grew its position in Nautilus by 7.5% during the 4th quarter. HL Financial Services LLC now owns 115,472 shares of the specialty retailer’s stock worth $1,542,000 after purchasing an additional 8,061 shares during the period. Finally, LSV Asset Management grew its position in Nautilus by 208.5% during the 4th quarter. LSV Asset Management now owns 331,023 shares of the specialty retailer’s stock worth $4,419,000 after purchasing an additional 223,723 shares during the period. 99.19% of the stock is currently owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Nautilus (NYSE:NLS)

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