Nautilus (NYSE:NLS) Shares Down 3.7%

Nautilus, Inc. (NYSE:NLS)’s share price dropped 3.7% during trading on Friday . The company traded as low as $2.05 and last traded at $2.08, approximately 11,200 shares traded hands during mid-day trading. A decline of 99% from the average daily volume of 806,339 shares. The stock had previously closed at $2.16.

NLS has been the subject of a number of recent analyst reports. DA Davidson cut their price objective on Sally Beauty to $16.50 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Imperial Capital upgraded Nautilus from an “in-line” rating to an “outperform” rating and set a $4.50 price objective for the company in a research report on Wednesday. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. Lake Street Capital cut their price objective on Nautilus from $8.00 to $5.00 and set a “hold” rating for the company 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 assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $7.07.

The company has a quick ratio of 1.09, a current ratio of 2.22 and a debt-to-equity ratio of 0.24. The stock has a market cap of $64.09 million, a PE ratio of 4.12 and a beta of 0.92. The company has a 50-day moving average of $2.24.

Nautilus (NYSE:NLS) last released its quarterly earnings data on Monday, May 6th. The specialty retailer reported ($0.29) earnings per share for the quarter, missing the Zacks’ 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 for the quarter, compared to analyst estimates of $92.41 million. During the same period last year, the firm posted $0.27 EPS. The business’s quarterly revenue was down 26.5% on a year-over-year basis. As a group, analysts forecast that Nautilus, Inc. will post -0.23 EPS for the current fiscal year.

In other Nautilus news, CEO M Carl Johnson III purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were acquired at an average price of $2.78 per share, with a total value of $27,800.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Quantamental Technologies LLC lifted its stake in Nautilus by 851.4% during the 1st quarter. Quantamental Technologies LLC now owns 6,641 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 5,943 shares in the last quarter. Magnus Financial Group LLC acquired a new position in Nautilus during the 1st quarter worth about $97,000. Menta Capital LLC purchased a new stake in Nautilus during the 4th quarter worth about $126,000. California Public Employees Retirement System increased its holdings in Nautilus by 5.7% during the 4th quarter. California Public Employees Retirement System now owns 76,894 shares of the specialty retailer’s stock worth $838,000 after purchasing an additional 4,128 shares during the period. Finally, Spark Investment Management LLC increased its holdings in Nautilus by 533.4% during the 1st quarter. Spark Investment Management LLC now owns 307,200 shares of the specialty retailer’s stock worth $1,708,000 after purchasing an additional 258,700 shares during the period. 89.50% of the stock is currently owned by institutional investors and hedge funds.

Nautilus Company Profile (NYSE:NLS)

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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