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 brokerages have also recently commented on NLS. Imperial Capital cut shares of Denbury Resources from an outperform rating to an in-line rating in a report on Wednesday, May 8th. Lake Street Capital reduced their target price on shares of Nautilus from $8.00 to $5.00 and set a hold rating for the company in a report on Tuesday, May 7th. DA Davidson reduced their target price on shares of Sally Beauty to $16.50 and set a neutral rating for the company in a report on Tuesday, May 7th. Finally, ValuEngine cut shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Nautilus presently has a consensus rating of Hold and a consensus target price of $7.07.
Nautilus (NYSE:NLS) last announced its quarterly earnings results on Monday, May 6th. The specialty retailer reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.26). Nautilus had a negative net margin of 0.54% and a negative return on equity of 0.83%. The company had revenue of $84.40 million during the quarter, compared to analysts’ expectations of $92.41 million. During the same period last year, the firm earned $0.27 earnings per share. Nautilus’s revenue was down 26.5% on a year-over-year basis. As a group, sell-side analysts predict that Nautilus will post -0.23 earnings per share for the current fiscal year.
In other Nautilus news, CEO M Carl Johnson III bought 10,000 shares of Nautilus stock in a transaction dated Thursday, May 30th. The stock was acquired at an average cost of $2.78 per share, with a total value of $27,800.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.20% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in NLS. Northern Trust Corp increased its stake in shares of Nautilus by 0.8% during the fourth 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. increased its stake in shares of Nautilus by 0.4% during the first 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 increased its stake in shares of Nautilus by 5.7% during the fourth 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 increased its stake 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 worth $37,000 after acquiring an additional 5,943 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Nautilus by 4,407.3% during 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 during the period. 89.50% of the stock is owned by institutional investors and hedge funds.
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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