Zacks Investment Research upgraded shares of Nautilus (NYSE:NLS) from a sell rating to a hold rating in a research report released on Wednesday morning.
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. “
Other analysts have also recently issued reports about the company. Craig Hallum cut their price objective on Nautilus from $20.00 to $12.00 and set a buy rating on the stock in a research report on Friday, January 18th. Lake Street Capital cut their price objective on Nautilus to $8.00 and set a hold rating on the stock in a research report on Tuesday, February 26th. SunTrust Banks cut their price objective on Nautilus to $7.00 and set a hold rating on the stock in a research report on Tuesday, February 26th. ValuEngine raised Nautilus from a sell rating to a hold rating in a research report on Wednesday, November 21st. Finally, B. Riley set a $9.00 price objective on Nautilus and gave the company a hold rating in a research report on Tuesday, February 26th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Nautilus has a consensus rating of Hold and a consensus price target of $9.88.
Nautilus stock opened at $6.62 on Wednesday. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.11. The company has a market cap of $237.40 million, a price-to-earnings ratio of 11.07, a PEG ratio of 1.56 and a beta of 0.81. Nautilus has a fifty-two week low of $6.00 and a fifty-two week high of $17.20.
Nautilus (NYSE:NLS) last posted its quarterly earnings data on Monday, February 25th. The specialty retailer reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $115.40 million for the quarter, compared to analysts’ expectations of $114.71 million. Nautilus had a return on equity of 11.91% and a net margin of 5.31%. The business’s revenue was down 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS. As a group, analysts forecast that Nautilus will post 0.36 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of NLS. Municipal Employees Retirement System of Michigan bought a new stake in shares of Nautilus in the 4th quarter worth approximately $93,000. Metropolitan Life Insurance Co. NY boosted its position in shares of Nautilus by 361.9% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,526 shares of the specialty retailer’s stock worth $115,000 after purchasing an additional 8,247 shares in the last quarter. Douglas Lane & Associates LLC bought a new stake in shares of Nautilus in the 4th quarter worth approximately $121,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Nautilus in the 4th quarter worth approximately $123,000. Finally, Menta Capital LLC bought a new stake in shares of Nautilus in the 4th quarter worth approximately $126,000. 93.42% of the stock is currently owned by hedge funds and other institutional investors.
Nautilus Company Profile
Nautilus, Inc, a consumer fitness products company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer use in the United States, Canada, and internationally. The company operates in two segments, Direct and Retail. It offers specialized cardio products, treadmills, elliptical machine, bike products, strength products, home gyms, dumbbells, kettlebell weights, and weight benches primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands.
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