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. “
Several other equities analysts also recently issued reports on the stock. DA Davidson reduced their price objective on shares of Sally Beauty to $16.50 and set a neutral rating on the stock in a research note on Tuesday, May 7th. Imperial Capital downgraded shares of Denbury Resources from an outperform rating to an in-line rating in a research note on Wednesday, May 8th. Lake Street Capital reduced their price objective on shares of Nautilus from $8.00 to $5.00 and set a hold rating on the stock in a research note on Tuesday, May 7th. Finally, ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The stock currently has an average rating of Hold and a consensus price target of $7.07.
NLS stock opened at $1.68 on Wednesday. The firm has a 50 day simple moving average of $2.39. Nautilus has a 12 month low of $1.67 and a 12 month high of $15.35. The company has a current ratio of 2.22, a quick ratio of 1.09 and a debt-to-equity ratio of 0.24.
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 consensus estimate of ($0.03) by ($0.26). The firm had revenue of $84.40 million for the quarter, compared to analysts’ expectations of $92.41 million. Nautilus had a negative net margin of 0.54% and a negative return on equity of 0.83%. The business’s quarterly revenue was down 26.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS. Equities analysts anticipate that Nautilus will post -0.23 EPS for the current fiscal year.
In other news, CEO M Carl Johnson III acquired 10,000 shares of Nautilus stock in a transaction that occurred on Thursday, May 30th. The shares were acquired at an average price of $2.78 per share, with a total value of $27,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.20% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in NLS. BNP Paribas Arbitrage SA raised its stake in Nautilus by 4,407.3% during the first quarter. BNP Paribas Arbitrage SA now owns 6,175 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 6,038 shares during the period. Quantamental Technologies LLC raised its stake in Nautilus by 851.4% during the first quarter. Quantamental Technologies LLC now owns 6,641 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 5,943 shares during the period. SG Americas Securities LLC purchased a new position in Nautilus during the first quarter worth approximately $56,000. Municipal Employees Retirement System of Michigan purchased a new position in Nautilus during the fourth quarter worth approximately $93,000. Finally, Magnus Financial Group LLC purchased a new position in Nautilus during the first quarter worth approximately $97,000. 89.50% of the stock is currently owned by institutional investors and hedge funds.
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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