Nautilus (NYSE:NLS) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Nautilus (NYSE:NLS) from a strong sell rating to a hold rating in a research note 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. “

Other equities research analysts have also recently issued reports about the stock. DA Davidson decreased their price target 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 cut shares of Denbury Resources from an outperform rating to an in-line rating in a research note on Wednesday, May 8th. ValuEngine cut shares of Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Finally, Lake Street Capital decreased their price target 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. One analyst has rated the stock with a sell rating and eight have given a hold rating to the company. The stock has an average rating of Hold and a consensus price target of $7.07.

NYSE NLS traded down $0.13 during trading hours on Wednesday, reaching $1.75. The company’s stock had a trading volume of 440,500 shares, compared to its average volume of 509,742. The company has a market cap of $61.12 million, a PE ratio of 3.50 and a beta of 0.93. Nautilus has a fifty-two week low of $1.75 and a fifty-two week high of $15.35. The business’s 50-day moving average price is $2.41. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.09 and a current ratio of 2.22.

Nautilus (NYSE:NLS) last issued its quarterly earnings data on Monday, May 6th. The specialty retailer reported ($0.29) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.26). The business had revenue of $84.40 million during the quarter, compared to analyst estimates of $92.41 million. Nautilus had a negative net margin of 0.54% and a negative return on equity of 0.83%. Nautilus’s revenue was down 26.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. As a group, equities research analysts forecast that Nautilus will post -0.23 earnings per share for the current year.

In other news, CEO M Carl Johnson III purchased 10,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were bought at an average cost of $2.78 per share, with a total value of $27,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.20% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Northern Trust Corp lifted its holdings in shares of Nautilus by 0.8% during the 4th quarter. Northern Trust Corp now owns 388,231 shares of the specialty retailer’s stock worth $4,232,000 after acquiring an additional 2,990 shares during the period. Punch & Associates Investment Management Inc. lifted its holdings in shares of Nautilus by 0.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 932,359 shares of the specialty retailer’s stock worth $5,184,000 after acquiring an additional 3,860 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Nautilus by 5.7% during the 4th quarter. California Public Employees Retirement System now owns 76,894 shares of the specialty retailer’s stock worth $838,000 after acquiring an additional 4,128 shares during the period. Quantamental Technologies LLC lifted its holdings in shares of Nautilus by 851.4% during the 1st 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 during the period. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Nautilus by 4,407.3% during the 1st 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 during the period. Institutional investors and hedge funds own 89.50% of the company’s stock.

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 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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