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 equities research analysts also recently commented on the company. DA Davidson reduced their price objective on Sally Beauty to $16.50 and set a neutral rating for the company in a report on Tuesday, May 7th. Imperial Capital downgraded Denbury Resources from an outperform rating to an in-line rating in a report on Wednesday, May 8th. Lake Street Capital reduced their price objective on Nautilus from $8.00 to $5.00 and set a hold rating for the company in a report on Tuesday, May 7th. Finally, ValuEngine downgraded Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $7.07.
Nautilus (NYSE:NLS) last posted its quarterly earnings results on Monday, May 6th. The specialty retailer reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.26). Nautilus had a negative return on equity of 0.83% and a negative net margin of 0.54%. The company had revenue of $84.40 million during the quarter, compared to analysts’ expectations of $92.41 million. During the same period in the prior year, the firm earned $0.27 EPS. Nautilus’s revenue for the quarter was down 26.5% compared to the same quarter last year. As a group, equities analysts anticipate that Nautilus will post -0.23 EPS for the current fiscal year.
In related news, CEO M Carl Johnson III acquired 10,000 shares of the stock in a transaction dated Thursday, May 30th. The shares were purchased at an average cost of $2.78 per share, with a total value of $27,800.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. 6 Meridian grew its holdings in Nautilus by 16.2% in the second quarter. 6 Meridian now owns 72,799 shares of the specialty retailer’s stock valued at $161,000 after purchasing an additional 10,144 shares during the period. Punch & Associates Investment Management Inc. grew its holdings in Nautilus by 0.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 932,359 shares of the specialty retailer’s stock valued at $5,184,000 after purchasing an additional 3,860 shares during the period. White Pine Capital LLC grew its holdings in Nautilus by 33.0% in the first quarter. White Pine Capital LLC now owns 97,940 shares of the specialty retailer’s stock valued at $545,000 after purchasing an additional 24,290 shares during the period. Kennedy Capital Management Inc. grew its holdings in Nautilus by 4.4% in the first quarter. Kennedy Capital Management Inc. now owns 235,898 shares of the specialty retailer’s stock valued at $1,312,000 after purchasing an additional 9,900 shares during the period. Finally, Alambic Investment Management L.P. grew its holdings in Nautilus by 319.3% in the first quarter. Alambic Investment Management L.P. now owns 390,275 shares of the specialty retailer’s stock valued at $2,170,000 after purchasing an additional 297,199 shares during the period. 89.50% of the stock is currently 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 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, strength products, home gyms, dumbbells, and weight benches primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands.
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