Posted by admin on May 11th, 2022

Nautilus (NYSE:NLS – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, Zacks.com reports. The firm currently has a $3.25 price objective on the specialty retailer’s stock. Zacks Investment Research‘s price target points to a potential upside of 24.52% from the stock’s previous close.

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. “

Several other brokerages have also issued reports on NLS. Craig Hallum upgraded Nautilus from a “hold” rating to a “buy” rating and decreased their price objective for the company from $10.00 to $9.00 in a research report on Thursday, February 10th. StockNews.com assumed coverage on shares of Nautilus in a report on Thursday, March 31st. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $11.15.

NLS opened at $2.61 on Wednesday. The stock has a market cap of $81.56 million, a P/E ratio of 3.35 and a beta of 1.73. Nautilus has a 12 month low of $2.59 and a 12 month high of $18.59. The company has a quick ratio of 1.32, a current ratio of 2.59 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $3.86 and a 200 day simple moving average of $5.68.

Nautilus (NYSE:NLS – Get Rating) last posted its earnings results on Wednesday, February 9th. The specialty retailer reported ($0.43) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.04. The firm had revenue of $147.26 million during the quarter, compared to analysts’ expectations of $152.83 million. Nautilus had a return on equity of 17.04% and a net margin of 3.87%. On average, equities research analysts expect that Nautilus will post -0.56 earnings per share for the current fiscal year.

In other Nautilus news, insider Sarah Anne Jones sold 8,800 shares of the business’s stock in a transaction that occurred on Wednesday, February 23rd. The stock was sold at an average price of $4.79, for a total value of $42,152.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.50% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Quinn Opportunity Partners LLC boosted its stake in shares of Nautilus by 55.4% during the 4th quarter. Quinn Opportunity Partners LLC now owns 2,016,137 shares of the specialty retailer’s stock worth $12,359,000 after buying an additional 718,719 shares during the last quarter. Morgan Stanley raised its holdings in Nautilus by 245.5% during the second quarter. Morgan Stanley now owns 485,946 shares of the specialty retailer’s stock worth $8,187,000 after acquiring an additional 345,304 shares in the last quarter. North Growth Management Ltd. boosted its position in Nautilus by 35.7% during the fourth quarter. North Growth Management Ltd. now owns 1,122,000 shares of the specialty retailer’s stock valued at $6,875,000 after purchasing an additional 295,000 shares during the last quarter. Boston Partners bought a new position in Nautilus in the fourth quarter valued at approximately $1,781,000. Finally, Epoch Investment Partners Inc. grew its stake in Nautilus by 49.4% in the fourth quarter. Epoch Investment Partners Inc. now owns 753,027 shares of the specialty retailer’s stock valued at $4,616,000 after purchasing an additional 248,861 shares in the last quarter. Hedge funds and other institutional investors own 59.04% of the company’s stock.

Nautilus Company Profile (Get Rating)

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, home gyms, dumbbells, barbells, 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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