Nautilus (NLS) Cut to Sell at ValuEngine

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

NLS has been the subject of a number of other research reports. B. Riley decreased their target price on Nautilus from $19.75 to $16.75 and set a buy rating for the company in a report on Tuesday, March 6th. Lake Street Capital restated a hold rating and set a $14.00 target price (down previously from $15.00) on shares of Nautilus in a report on Tuesday, March 6th. Imperial Capital restated an in-line rating and set a $12.00 target price (down previously from $14.00) on shares of Nautilus in a report on Wednesday, March 7th. Zacks Investment Research downgraded Nautilus from a hold rating to a sell rating in a report on Friday, March 9th. Finally, Craig Hallum assumed coverage on Nautilus in a report on Monday, April 23rd. They set a buy rating and a $19.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $17.22.

NYSE:NLS opened at $15.95 on Tuesday. The company has a market cap of $482.07 million, a PE ratio of 18.13 and a beta of 1.33. Nautilus has a fifty-two week low of $11.30 and a fifty-two week high of $19.25. 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 for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $114.80 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 earnings per share. sell-side analysts anticipate that Nautilus will post 1.05 earnings per share for the current year.

Nautilus declared that its Board of Directors has approved a share repurchase plan on Monday, March 5th that allows the company to buyback $15.00 million in shares. This buyback authorization allows the specialty retailer to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

In other Nautilus news, CEO Bruce M. Cazenave sold 10,700 shares of the stock in a transaction on Tuesday, April 24th. The stock was sold at an average price of $14.74, for a total value of $157,718.00. Following the completion of the transaction, the chief executive officer now owns 381,396 shares in the company, valued at $5,621,777.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director M Carl Johnson III sold 3,300 shares of the 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 completion of the transaction, the director now owns 50,620 shares of the company’s stock, valued at approximately $778,535.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,308 shares of company stock valued at $603,360. 3.70% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of NLS. Engine Capital Management LLC bought a new position in Nautilus in the fourth quarter worth $134,000. Teacher Retirement System of Texas bought a new position in Nautilus in the fourth quarter worth $142,000. Virtu Financial LLC bought a new position in Nautilus in the fourth quarter worth $179,000. Jefferies Group LLC bought a new position in Nautilus in the fourth quarter worth $183,000. Finally, MetLife Investment Advisors LLC bought a new position in Nautilus in the fourth quarter worth $218,000. Institutional investors and hedge funds own 87.22% of the company’s stock.

About Nautilus

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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