Nautilus Target of Unusually High Options Trading (NLS)

Nautilus, Inc. (NYSE:NLS) was the target of some unusual options trading on Wednesday. Stock traders bought 5,990 put options on the company. This is an increase of approximately 8,976% compared to the average volume of 66 put options.

NLS traded down $0.05 on Friday, hitting $14.65. The company had a trading volume of 136,100 shares, compared to its average volume of 298,578. Nautilus has a 52-week low of $11.30 and a 52-week high of $17.38. The firm has a market capitalization of $450.70 million, a PE ratio of 16.65, a price-to-earnings-growth ratio of 1.42 and a beta of 1.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.19 and a quick ratio of 1.63.

Nautilus (NYSE:NLS) last announced its earnings results on Monday, July 30th. The specialty retailer reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). Nautilus had a net margin of 6.32% and a return on equity of 14.23%. The business had revenue of $75.50 million for the quarter, compared to the consensus estimate of $78.67 million. During the same period in the prior year, the business posted $0.08 EPS. Nautilus’s revenue for the quarter was down 1.9% on a year-over-year basis. analysts expect that Nautilus will post 1.05 EPS for the current fiscal year.

Several analysts have issued reports on NLS shares. Zacks Investment Research lowered shares of Nautilus from a “buy” rating to a “hold” rating in a research report on Friday, May 25th. ValuEngine lowered shares of Nautilus from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. Imperial Capital increased their target price on shares of Nautilus from $12.00 to $15.00 and gave the stock an “outperform” rating in a report on Tuesday, May 15th. Berenberg Bank initiated coverage on shares of Nautilus in a report on Wednesday, June 20th. They set a “sell” rating and a $13.00 target price for the company. Finally, TheStreet upgraded shares of Nautilus from a “c+” rating to a “b-” rating in a report on Friday, May 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Nautilus has a consensus rating of “Hold” and a consensus price target of $17.38.

In related news, CEO Bruce M. Cazenave sold 10,700 shares of the stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $15.97, for a total value of $170,879.00. Following the transaction, the chief executive officer now owns 389,044 shares of the company’s stock, valued at $6,213,032.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 32,100 shares of company stock worth $485,352. 3.70% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Nautilus by 6.9% during the second quarter. BlackRock Inc. now owns 4,254,670 shares of the specialty retailer’s stock valued at $66,797,000 after acquiring an additional 274,342 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Nautilus by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,054,320 shares of the specialty retailer’s stock valued at $32,253,000 after acquiring an additional 41,914 shares in the last quarter. Cooke & Bieler LP increased its position in shares of Nautilus by 2.8% during the second quarter. Cooke & Bieler LP now owns 1,916,150 shares of the specialty retailer’s stock valued at $30,084,000 after acquiring an additional 52,780 shares in the last quarter. Royce & Associates LP increased its position in shares of Nautilus by 3.8% during the second quarter. Royce & Associates LP now owns 1,174,720 shares of the specialty retailer’s stock valued at $18,443,000 after acquiring an additional 43,071 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Nautilus by 4.9% in the 2nd quarter. Janus Henderson Group PLC now owns 1,124,479 shares of the specialty retailer’s stock worth $17,654,000 after purchasing an additional 52,871 shares during the period. 92.55% of the stock is owned by 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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