Nautilus (NYSE:NLS) Downgraded by BidaskClub to “Buy”

BidaskClub downgraded shares of Nautilus (NYSE:NLS) from a strong-buy rating to a buy rating in a research note released on Friday, BidAskClub reports.

A number of other research analysts have also recently weighed in on the stock. ValuEngine cut shares of Nautilus from a hold rating to a sell rating in a research report on Tuesday, November 10th. Zacks Investment Research cut shares of Nautilus from a buy rating to a hold rating in a research report on Friday, October 16th. Lake Street Capital boosted their target price on shares of Nautilus from $30.00 to $40.00 and gave the stock a buy rating in a research report on Tuesday, November 10th. Roth Capital boosted their target price on shares of Nautilus from $19.00 to $25.00 and gave the stock a buy rating in a research report on Friday, October 9th. They noted that the move was a valuation call. Finally, Craig Hallum boosted their target price on shares of Nautilus from $22.00 to $28.00 and gave the stock a buy rating in a research report on Tuesday, November 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $22.07.

Shares of NLS stock opened at $18.14 on Friday. The stock has a market cap of $548.90 million, a price-to-earnings ratio of 17.11 and a beta of 1.80. The company has a quick ratio of 1.58, a current ratio of 1.86 and a debt-to-equity ratio of 0.09. Nautilus has a fifty-two week low of $1.20 and a fifty-two week high of $28.43. The firm’s 50 day moving average price is $19.08 and its two-hundred day moving average price is $16.08.

Nautilus (NYSE:NLS) last announced its quarterly earnings results on Monday, November 9th. The specialty retailer reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.50. The firm had revenue of $155.39 million for the quarter, compared to analysts’ expectations of $119.27 million. Nautilus had a net margin of 7.36% and a return on equity of 51.32%. On average, equities analysts forecast that Nautilus will post 2.34 EPS for the current fiscal year.

In related news, Director Anne Saunders sold 4,000 shares of Nautilus stock in a transaction on Tuesday, December 15th. The shares were sold at an average price of $17.72, for a total value of $70,880.00. Following the completion of the sale, the director now owns 38,502 shares in the company, valued at $682,255.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jeffery Lynn Collins sold 5,673 shares of Nautilus stock in a transaction on Monday, November 23rd. The stock was sold at an average price of $20.00, for a total transaction of $113,460.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,599 shares of company stock valued at $282,269. Insiders own 1.90% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. increased its stake in Nautilus by 451.3% during the third quarter. Federated Hermes Inc. now owns 1,742 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 1,426 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Nautilus during the third quarter valued at $26,000. California Public Employees Retirement System increased its stake in Nautilus by 2.8% during the third quarter. California Public Employees Retirement System now owns 61,700 shares of the specialty retailer’s stock valued at $1,059,000 after purchasing an additional 1,700 shares during the last quarter. Bank of Montreal Can bought a new stake in Nautilus during the second quarter valued at $25,000. Finally, CI Investments Inc. increased its stake in Nautilus by 1.2% during the third quarter. CI Investments Inc. now owns 411,400 shares of the specialty retailer’s stock valued at $7,060,000 after purchasing an additional 4,800 shares during the last quarter. Hedge funds and other institutional investors own 62.76% of the company’s stock.

About Nautilus

Nautilus, Inc, a fitness solutions 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 kettlebells primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands, as well as fitness digital platform under the JRNY brand.

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Analyst Recommendations for Nautilus (NYSE:NLS)

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