Zacks Investment Research Lowers Nautilus Group, Inc. (The) (NLS) to Sell

Zacks Investment Research lowered shares of Nautilus Group, Inc. (The) (NYSE:NLS) from a hold rating to a sell rating in a research report released on Thursday.

According to Zacks, “Nautilus, Inc. helps people achieve a fit and healthy lifestyle through proper exercise, rest and nutrition. With a brand portfolio that includes Nautilus, Bowflex, SchwinnFitness, StairMaster and Trimline, Nautilus manufactures and markets a complete line of innovative health and fitness products through direct, commercial and retail channels. “

Other equities research analysts also recently issued reports about the stock. B. Riley set a $20.00 price target on shares of Nautilus Group, Inc. (The) and gave the company a buy rating in a research report on Tuesday, October 31st. Aegis started coverage on shares of Nautilus Group, Inc. (The) in a research report on Monday, September 11th. They set a buy rating and a $21.00 price target for the company. DA Davidson reiterated a buy rating and set a $22.00 price target on shares of Nautilus Group, Inc. (The) in a research report on Wednesday, August 16th. Lake Street Capital downgraded shares of Nautilus Group, Inc. (The) from a buy rating to a hold rating and reduced their price target for the company from $25.00 to $15.00 in a research report on Tuesday, October 31st. Finally, SunTrust Banks, Inc. downgraded shares of Nautilus Group, Inc. (The) from a buy rating to a hold rating and set a $16.00 price target for the company. in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $19.00.

Shares of Nautilus Group, Inc. (NYSE NLS) opened at $12.85 on Thursday. The firm has a market cap of $394.58, a price-to-earnings ratio of 12.98, a P/E/G ratio of 1.33 and a beta of 2.12. The company has a quick ratio of 1.60, a current ratio of 2.02 and a debt-to-equity ratio of 0.20.

Nautilus Group, Inc. (The) (NYSE:NLS) last posted its quarterly earnings results on Monday, October 30th. The specialty retailer reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. Nautilus Group, Inc. (The) had a net margin of 7.28% and a return on equity of 18.54%. The company had revenue of $88.10 million during the quarter, compared to the consensus estimate of $92.29 million. During the same period last year, the firm earned $0.16 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. analysts predict that Nautilus Group, Inc. will post 0.97 earnings per share for the current year.

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In related news, Director Richard A. Horn sold 7,500 shares of Nautilus Group, Inc. (The) stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $16.70, for a total transaction of $125,250.00. Following the completion of the transaction, the director now directly owns 41,626 shares in the company, valued at approximately $695,154.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.70% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue raised its position in shares of Nautilus Group, Inc. (The) by 78.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,014 shares of the specialty retailer’s stock worth $115,000 after purchasing an additional 2,644 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Nautilus Group, Inc. (The) by 2.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,260 shares of the specialty retailer’s stock worth $139,000 after purchasing an additional 170 shares during the last quarter. Citigroup Inc. raised its position in shares of Nautilus Group, Inc. (The) by 3,252.1% during the 2nd quarter. Citigroup Inc. now owns 7,341 shares of the specialty retailer’s stock worth $141,000 after purchasing an additional 7,122 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new position in shares of Nautilus Group, Inc. (The) during the 2nd quarter worth approximately $193,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of Nautilus Group, Inc. (The) by 36.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,553 shares of the specialty retailer’s stock worth $240,000 after purchasing an additional 3,379 shares during the last quarter. Hedge funds and other institutional investors own 93.72% of the company’s stock.

About Nautilus Group, Inc. (The)

Nautilus, Inc is a consumer fitness products company. The Company operates through two segments: Direct and Retail. Its principal business activities include designing, developing, sourcing and marketing of cardio and strength fitness products and related accessories for consumer use, primarily in the United States and Canada, but also in international markets outside North America.

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