DA Davidson Reiterates “Buy” Rating for Nautilus Inc. (NLS)
Nautilus Inc. (NYSE:NLS)‘s stock had its “buy” rating reissued by DA Davidson in a report issued on Thursday. They currently have a $28.00 price objective on the stock. DA Davidson’s price objective points to a potential upside of 23.24% from the company’s current price.
A number of other research analysts have also recently commented on the company. Wunderlich boosted their price target on Nautilus from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, September 28th. B. Riley cut Nautilus from a “buy” rating to a “neutral” rating and set a $23.00 price target on the stock. in a report on Monday, September 26th. Imperial Capital cut Nautilus from an “outperform” rating to an “in-line” rating and set a $26.00 price target on the stock. in a report on Monday, September 19th. Finally, Zacks Investment Research raised Nautilus from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $24.86.
Shares of Nautilus (NYSE:NLS) opened at 22.72 on Thursday. The stock has a market cap of $706.73 million, a price-to-earnings ratio of 24.94 and a beta of 2.18. The company has a 50-day moving average price of $23.03 and a 200-day moving average price of $19.99. Nautilus has a 52 week low of $14.95 and a 52 week high of $24.99.
Nautilus (NYSE:NLS) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. Nautilus had a return on equity of 24.07% and a net margin of 7.49%. The company had revenue of $78.50 million for the quarter, compared to analysts’ expectations of $77.83 million. During the same period in the previous year, the firm earned $0.07 EPS. The firm’s revenue was up 31.5% compared to the same quarter last year. Equities analysts anticipate that Nautilus will post $1.15 EPS for the current year.
In other news, VP Jeffery Lynn Collins sold 4,166 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $21.30, for a total transaction of $88,735.80. Following the sale, the vice president now directly owns 4,278 shares of the company’s stock, valued at approximately $91,121.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marvin G. Siegert sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $21.28, for a total value of $148,960.00. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.
Several hedge funds have recently modified their holdings of NLS. Orca Investment Management LLC bought a new position in Nautilus during the second quarter valued at $1,983,000. Hancock Holding Co. bought a new position in Nautilus during the first quarter valued at $688,000. Kennedy Capital Management Inc. bought a new position in Nautilus during the first quarter valued at $1,451,000. JPMorgan Chase & Co. increased its position in Nautilus by 2.1% in the first quarter. JPMorgan Chase & Co. now owns 587,200 shares of the company’s stock valued at $11,345,000 after buying an additional 12,100 shares in the last quarter. Finally, Teachers Advisors Inc. increased its position in Nautilus by 17.8% in the first quarter. Teachers Advisors Inc. now owns 497,433 shares of the company’s stock valued at $9,610,000 after buying an additional 75,207 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.
Nautilus, Inc is a consumer fitness products company. The Company operates through two segments: Direct and Retail. The Direct segment offers products directly to consumers through television advertising, catalogs and the Internet. The Retail segment offers its products through a network of independent retail companies with stores and Websites located in the United States and internationally.
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