Janus Henderson Group PLC reduced its stake in Nautilus, Inc. (NYSE:NLS) by 0.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,114,324 shares of the specialty retailer’s stock after selling 10,155 shares during the period. Janus Henderson Group PLC’s holdings in Nautilus were worth $15,545,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of NLS. LSV Asset Management grew its stake in Nautilus by 70.4% in the 3rd quarter. LSV Asset Management now owns 792,400 shares of the specialty retailer’s stock worth $11,053,000 after acquiring an additional 327,377 shares in the last quarter. BlackRock Inc. grew its stake in Nautilus by 6.9% in the 2nd quarter. BlackRock Inc. now owns 4,254,670 shares of the specialty retailer’s stock worth $66,797,000 after acquiring an additional 274,342 shares in the last quarter. Cadence Capital Management LLC bought a new position in Nautilus in the 3rd quarter worth about $2,450,000. Wells Fargo & Company MN grew its stake in Nautilus by 30.6% in the 2nd quarter. Wells Fargo & Company MN now owns 520,168 shares of the specialty retailer’s stock worth $8,167,000 after acquiring an additional 121,915 shares in the last quarter. Finally, Citadel Advisors LLC grew its stake in Nautilus by 52.2% in the 2nd quarter. Citadel Advisors LLC now owns 276,310 shares of the specialty retailer’s stock worth $4,338,000 after acquiring an additional 94,749 shares in the last quarter. Institutional investors and hedge funds own 95.88% of the company’s stock.
NYSE NLS opened at $12.03 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.35 and a current ratio of 1.93. Nautilus, Inc. has a 52-week low of $10.82 and a 52-week high of $17.20. The company has a market cap of $357.74 million, a PE ratio of 13.67, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18.
Nautilus (NYSE:NLS) last released its quarterly earnings data on Monday, October 29th. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). Nautilus had a net margin of 5.31% and a return on equity of 11.91%. The business had revenue of $91.10 million for the quarter, compared to the consensus estimate of $94.12 million. During the same quarter in the prior year, the business posted $0.27 earnings per share. Nautilus’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities analysts predict that Nautilus, Inc. will post 1.03 earnings per share for the current year.
In other news, CEO Bruce M. Cazenave sold 16,600 shares of the stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $14.01, for a total transaction of $232,566.00. Following the transaction, the chief executive officer now directly owns 382,094 shares in the company, valued at $5,353,136.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Anne Saunders sold 4,500 shares of the stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $12.87, for a total transaction of $57,915.00. Following the transaction, the director now owns 11,120 shares in the company, valued at $143,114.40. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.
A number of equities analysts have commented on NLS shares. B. Riley upped their target price on shares of Nautilus from $19.50 to $21.00 and gave the stock a “buy” rating in a research note on Friday, August 24th. ValuEngine upgraded shares of Nautilus from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Finally, Imperial Capital dropped their target price on shares of Nautilus to $12.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $16.50.
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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.
Further Reading: Market Capitalization in the Stock Market
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