Nautilus, Inc. (NYSE:NLS) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 1,060,000 shares, a decline of 52.5% from the August 30th total of 2,230,000 shares. Currently, 3.7% of the company’s shares are short sold. Based on an average daily volume of 787,900 shares, the days-to-cover ratio is presently 1.3 days.
Nautilus stock traded up $0.01 during midday trading on Friday, reaching $1.32. The stock had a trading volume of 188,109 shares, compared to its average volume of 981,029. Nautilus has a 12 month low of $1.21 and a 12 month high of $13.87. The company has a fifty day moving average price of $1.37 and a two-hundred day moving average price of $2.77. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 2.08.
Nautilus (NYSE:NLS) last issued its earnings results on Wednesday, July 31st. The specialty retailer reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.14). Nautilus had a negative net margin of 23.37% and a negative return on equity of 7.72%. The firm had revenue of $59.00 million during the quarter, compared to the consensus estimate of $60.08 million. On average, research analysts anticipate that Nautilus will post -0.64 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC bought a new stake in Nautilus in the 2nd quarter valued at about $573,000. SG Americas Securities LLC increased its position in Nautilus by 137.2% in the 2nd quarter. SG Americas Securities LLC now owns 23,751 shares of the specialty retailer’s stock valued at $52,000 after buying an additional 13,736 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Nautilus in the 2nd quarter valued at about $99,000. Walleye Trading Advisors LLC increased its position in Nautilus by 684.2% in the 2nd quarter. Walleye Trading Advisors LLC now owns 119,429 shares of the specialty retailer’s stock valued at $264,000 after buying an additional 104,200 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Nautilus by 434.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 61,440 shares of the specialty retailer’s stock valued at $136,000 after buying an additional 49,940 shares in the last quarter. 85.74% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on NLS shares. Zacks Investment Research raised Nautilus from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. ValuEngine raised Nautilus from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Lake Street Capital dropped their price objective on Nautilus from $5.00 to $3.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Finally, Imperial Capital raised Nautilus from an “in-line” rating to an “outperform” rating and set a $4.50 price objective on the stock in a research note on Wednesday, July 17th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $6.79.
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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