ValuEngine Lowers Nautilus (NLS) to Sell

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

Several other brokerages have also recently weighed in on NLS. 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 research note on Wednesday, May 9th. B. Riley increased their price target on Nautilus from $16.75 to $18.00 and gave the company a neutral rating in a research note on Tuesday, May 8th. DA Davidson reissued a buy rating on shares of Nautilus in a research note on Tuesday, May 8th. Imperial Capital increased their price target on Nautilus from $12.00 to $15.00 and gave the company an outperform rating in a research note on Tuesday, May 15th. Finally, Craig Hallum assumed coverage on Nautilus in a research note on Monday, April 23rd. They issued a buy rating and a $19.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $17.75.

Shares of NLS stock opened at $15.60 on Tuesday. The stock has a market capitalization of $469.90 million, a PE ratio of 17.36 and a beta of 1.36. 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 has a 1-year low of $11.30 and a 1-year high of $19.25.

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

Nautilus announced that its board has approved a stock repurchase program on Monday, March 5th that allows the company to buyback $15.00 million in shares. This buyback authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In related news, CEO Bruce M. Cazenave sold 5,350 shares of the firm’s stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $12.97, for a total transaction of $69,389.50. Following the completion of the sale, the chief executive officer now owns 381,396 shares of the company’s stock, valued at $4,946,706.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jeffery Lynn Collins sold 2,167 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $16.50, for a total value of $35,755.50. Following the completion of the sale, the vice president now directly owns 112 shares of the company’s stock, valued at approximately $1,848. The disclosure for this sale can be found here. Insiders have sold 31,252 shares of company stock valued at $469,875 in the last ninety days. 3.70% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in NLS. Engine Capital Management LLC acquired a new stake in Nautilus in the fourth quarter valued at approximately $134,000. Teacher Retirement System of Texas acquired a new stake in Nautilus in the fourth quarter valued at approximately $142,000. Virtu Financial LLC acquired a new stake in Nautilus in the fourth quarter valued at approximately $179,000. Jefferies Group LLC acquired a new stake in Nautilus in the fourth quarter valued at approximately $183,000. Finally, MetLife Investment Advisors LLC acquired a new stake in Nautilus in the fourth quarter valued at approximately $218,000. 87.00% of the stock is owned by hedge funds and other institutional investors.

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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