Nautilus (NLS) Downgraded by ValuEngine to “Sell”

ValuEngine downgraded shares of Nautilus (NYSE:NLS) from a hold rating to a sell rating in a research report released on Tuesday morning.

Other analysts have also recently issued reports about the company. TheStreet raised Nautilus from a c+ rating to a b- rating in a research report on Friday, May 18th. Zacks Investment Research raised Nautilus from a hold rating to a buy rating and set a $17.00 price target for the company in a report on Wednesday, May 9th. DA Davidson reissued a buy rating on shares of Nautilus in a report on Tuesday, May 8th. Craig Hallum began coverage on Nautilus in a report on Monday, April 23rd. They set a buy rating and a $19.00 price target for the company. Finally, B. Riley dropped their price target on Nautilus from $19.75 to $16.75 and set a buy rating for the company in a report on Tuesday, March 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Nautilus has an average rating of Hold and an average price target of $17.22.

NLS opened at $15.90 on Tuesday. Nautilus has a 12-month low of $11.30 and a 12-month high of $19.25. The company has a market capitalization of $491.19 million, a PE ratio of 18.01 and a beta of 1.33. The company has a quick ratio of 1.76, a current ratio of 2.27 and a debt-to-equity ratio of 0.15.

Nautilus (NYSE:NLS) last released its quarterly earnings data on Monday, May 7th. The specialty retailer reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.05. Nautilus had a return on equity of 15.45% and a net margin of 6.68%. The company had revenue of $114.80 million during the quarter, compared to analysts’ expectations of $111.77 million. During the same period last year, the firm posted $0.26 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. equities research analysts anticipate that Nautilus will post 1.05 earnings per share for the current fiscal year.

Nautilus announced that its board has authorized a stock buyback program on Monday, March 5th that permits the company to buyback $15.00 million in shares. This buyback authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

In other Nautilus news, CEO Bruce M. Cazenave sold 10,700 shares of the firm’s stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $16.51, for a total transaction of $176,657.00. Following the transaction, the chief executive officer now owns 389,044 shares in the company, valued at approximately $6,423,116.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director M Carl Johnson III sold 3,300 shares of the firm’s stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $15.38, for a total value of $50,754.00. Following the transaction, the director now owns 50,620 shares in the company, valued at approximately $778,535.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,308 shares of company stock valued at $603,360. 3.50% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of NLS. Engine Capital Management LLC bought a new position in Nautilus during the 4th quarter worth $134,000. Teacher Retirement System of Texas bought a new position in Nautilus during the 4th quarter worth $142,000. Virtu Financial LLC bought a new position in Nautilus during the 4th quarter worth $179,000. Jefferies Group LLC bought a new position in Nautilus during the 4th quarter worth $183,000. Finally, MetLife Investment Advisors LLC bought a new position in Nautilus during the 4th quarter worth $218,000. Hedge funds and other institutional investors own 87.22% 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 use in the United States, Canada, and internationally. The company operates in two segments, Direct and Retail. It offers specialized cardio products, treadmills, elliptical machine, bike products, strength products, home gyms, dumbbells, kettlebell weights, and weight benches primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Nautilus (NYSE:NLS)

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