Imperial Capital Upgrades Nautilus (NYSE:NLS) to “Outperform”

Nautilus (NYSE:NLS) was upgraded by equities research analysts at Imperial Capital from an “in-line” rating to an “outperform” rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm presently has a $4.50 price objective on the specialty retailer’s stock. Imperial Capital’s price target points to a potential upside of 104.55% from the company’s current price. Imperial Capital also issued estimates for Nautilus’ Q3 2019 earnings at $0.02 EPS, Q4 2019 earnings at $0.06 EPS, FY2019 earnings at ($0.43) EPS, Q1 2020 earnings at ($0.13) EPS, Q2 2020 earnings at ($0.20) EPS, Q3 2020 earnings at ($0.01) EPS, Q4 2020 earnings at $0.03 EPS and FY2020 earnings at ($0.31) EPS.

A number of other analysts have also recently weighed in on NLS. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. DA Davidson dropped their price target on Sally Beauty to $16.50 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. Lake Street Capital dropped their price target on Nautilus from $8.00 to $5.00 and set a “hold” rating on the stock in a research report on Tuesday, May 7th. Finally, ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Nautilus currently has an average rating of “Hold” and an average price target of $7.07.

Shares of NYSE NLS opened at $2.20 on Wednesday. Nautilus has a 1-year low of $1.60 and a 1-year high of $15.35. The stock has a 50-day moving average of $2.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.22 and a quick ratio of 1.09. The stock has a market capitalization of $64.09 million, a P/E ratio of 4.40 and a beta of 0.92.

Nautilus (NYSE:NLS) last issued its quarterly earnings results on Monday, May 6th. The specialty retailer reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.26). The business had revenue of $84.40 million during the quarter, compared to analysts’ expectations of $92.41 million. Nautilus had a negative net margin of 0.54% and a negative return on equity of 0.83%. The company’s revenue for the quarter was down 26.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 EPS. Sell-side analysts expect that Nautilus will post -0.23 earnings per share for the current fiscal year.

In other Nautilus news, CEO M Carl Johnson III bought 10,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were purchased at an average cost of $2.78 per share, for a total transaction of $27,800.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 3.20% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of NLS. BNP Paribas Arbitrage SA increased its position in Nautilus by 4,407.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,175 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 6,038 shares during the period. Quantamental Technologies LLC increased its position in Nautilus by 851.4% in the 1st quarter. Quantamental Technologies LLC now owns 6,641 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 5,943 shares during the period. SG Americas Securities LLC acquired a new stake in Nautilus in the 1st quarter valued at approximately $56,000. Municipal Employees Retirement System of Michigan acquired a new stake in Nautilus in the 4th quarter valued at approximately $93,000. Finally, Magnus Financial Group LLC bought a new position in Nautilus during the 1st quarter valued at $97,000. Hedge funds and other institutional investors own 89.50% 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 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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Analyst Recommendations for Nautilus (NYSE:NLS)

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