ValuEngine Upgrades Nautilus (NYSE:NLS) to “Buy”

ValuEngine upgraded shares of Nautilus (NYSE:NLS) from a hold rating to a buy rating in a report published on Thursday, ValuEngine reports.

A number of other brokerages also recently commented on NLS. Zacks Investment Research downgraded shares of Nautilus from a hold rating to a strong sell rating in a research report on Saturday, July 20th. Imperial Capital upgraded shares of Nautilus from an in-line rating to an outperform rating and set a $4.50 target price for the company in a research note on Wednesday, July 17th. DA Davidson cut their price objective on shares of Nautilus to $5.00 and set a neutral rating for the company in a research report on Tuesday, May 7th. Finally, Lake Street Capital cut their price objective on shares of Nautilus from $5.00 to $3.00 and set a hold rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Nautilus has a consensus rating of Hold and a consensus target price of $6.79.

NYSE:NLS traded down $0.04 on Thursday, hitting $1.42. 41,693 shares of the company’s stock traded hands, compared to its average volume of 779,517. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.09 and a current ratio of 2.08. Nautilus has a 1 year low of $1.35 and a 1 year high of $15.35. The firm’s 50-day simple moving average is $2.03. The firm has a market capitalization of $43.32 million, a P/E ratio of 2.82 and a beta of 0.89.

Nautilus (NYSE:NLS) last posted its quarterly earnings results on Wednesday, July 31st. The specialty retailer reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.14). The company had revenue of $59.00 million during the quarter, compared to the consensus estimate of $60.08 million. Nautilus had a negative net margin of 23.37% and a negative return on equity of 7.72%. Analysts predict that Nautilus will post -0.56 earnings per share for the current fiscal year.

In other Nautilus news, CEO M Carl Johnson III purchased 10,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were bought at an average price of $2.78 per share, with a total value of $27,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its stake in shares of 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 purchasing an additional 6,038 shares during the last quarter. Quantamental Technologies LLC increased its position in shares of Nautilus by 851.4% during the first quarter. Quantamental Technologies LLC now owns 6,641 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 5,943 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Nautilus by 137.2% during the second quarter. SG Americas Securities LLC now owns 23,751 shares of the specialty retailer’s stock valued at $52,000 after acquiring an additional 13,736 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Nautilus during the fourth quarter valued at approximately $93,000. Finally, Magnus Financial Group LLC purchased a new stake in shares of Nautilus during the first quarter valued at approximately $97,000. 90.10% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Nautilus (NYSE:NLS)

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