Nautilus (NLS) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Nautilus (NYSE:NLS) from a strong sell rating to a hold rating in a report published on Wednesday, Zacks.com reports.

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. “

A number of other research analysts also recently commented on NLS. B. Riley downgraded shares of Nautilus from a buy rating to a neutral rating and lowered their price objective for the company from $21.00 to $10.00 in a research report on Friday, January 18th. DA Davidson downgraded shares of Nautilus from a buy rating to a neutral rating in a research report on Friday, January 18th. Lake Street Capital downgraded shares of Nautilus from a buy rating to a hold rating and lowered their price objective for the company from $17.00 to $11.00 in a research report on Friday, January 18th. Craig Hallum lowered their price objective on shares of Nautilus from $20.00 to $12.00 and set a buy rating on the stock in a research report on Friday, January 18th. Finally, Sidoti downgraded shares of Nautilus from a buy rating to a neutral rating and lowered their price objective for the company from $19.00 to $9.00 in a research report on Friday, January 18th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $9.88.

NLS traded down $0.08 on Wednesday, reaching $5.32. 323,182 shares of the company traded hands, compared to its average volume of 465,669. Nautilus has a 52-week low of $5.19 and a 52-week high of $17.20. The company has a market capitalization of $158.31 million, a PE ratio of 10.64, a PEG ratio of 1.75 and a beta of 0.72. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 1.67.

Nautilus (NYSE:NLS) last announced its quarterly earnings data on Monday, February 25th. The specialty retailer reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.01. Nautilus had a net margin of 3.69% and a return on equity of 8.15%. The firm had revenue of $115.40 million for the quarter, compared to the consensus estimate of $114.71 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The firm’s revenue was down 9.7% on a year-over-year basis. On average, equities analysts forecast that Nautilus will post 0.31 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of NLS. BNP Paribas Arbitrage SA grew its position in Nautilus by 4,407.3% in the first quarter. BNP Paribas Arbitrage SA now owns 6,175 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 6,038 shares in the last quarter. Quantamental Technologies LLC grew its position in Nautilus by 851.4% in the first quarter. Quantamental Technologies LLC now owns 6,641 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 5,943 shares in the last quarter. SG Americas Securities LLC bought a new stake in Nautilus in the first quarter worth approximately $56,000. Municipal Employees Retirement System of Michigan bought a new stake in Nautilus in the fourth quarter worth approximately $93,000. Finally, Algert Global LLC bought a new stake in Nautilus in the first quarter worth approximately $106,000. 96.40% of the stock is owned by institutional investors.

About Nautilus

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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