Aegis Initiates Coverage on Nautilus Group, Inc. (The) (NLS)

Investment analysts at Aegis began coverage on shares of Nautilus Group, Inc. (The) (NYSE:NLS) in a report released on Monday. The firm set a “buy” rating and a $21.00 price target on the specialty retailer’s stock. Aegis’ target price indicates a potential upside of 26.89% from the stock’s previous close.

The analysts wrote, “A competitor stresses during CrossFit Integrity, the Integrity’s Revenge Battle of Charleston CrossFit games October 6, 2012 in Charleston, S.C. CrossFit is growing in popularity everyday as even the U.S. Military has integrated it into their physical fitness regime.”

Other equities analysts have also issued reports about the stock. B. Riley reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Nautilus Group, Inc. (The) in a research report on Tuesday, September 5th. DA Davidson reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Nautilus Group, Inc. (The) in a research report on Wednesday, August 16th. Finally, Zacks Investment Research raised shares of Nautilus Group, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $22.43.

Shares of Nautilus Group, Inc. (NYSE:NLS) opened at 16.55 on Monday. The company has a market capitalization of $509.51 million, a price-to-earnings ratio of 17.91 and a beta of 2.15. Nautilus Group, Inc. has a 52 week low of $14.28 and a 52 week high of $24.99. The stock has a 50 day moving average of $16.99 and a 200-day moving average of $17.61.

Nautilus Group, Inc. (The) (NYSE:NLS) last announced its quarterly earnings data on Monday, July 31st. The specialty retailer reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). The company had revenue of $77.00 million during the quarter, compared to analysts’ expectations of $77.71 million. Nautilus Group, Inc. (The) had a net margin of 7.25% and a return on equity of 17.22%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 earnings per share. On average, analysts anticipate that Nautilus Group, Inc. will post $1.12 EPS for the current year.

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In other Nautilus Group, Inc. (The) news, Director Richard A. Horn sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were 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 of the company’s stock, valued at approximately $695,154.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.70% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue raised its position in 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 buying an additional 2,644 shares during the last quarter. Mason Street Advisors LLC raised its position in Nautilus Group, Inc. (The) by 5.5% during the 1st quarter. Mason Street Advisors LLC now owns 7,179 shares of the specialty retailer’s stock worth $131,000 after buying an additional 377 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in 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 buying an additional 170 shares during the last quarter. Citigroup Inc. raised its position in 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 buying an additional 7,122 shares during the last quarter. Finally, Capstone Asset Management Co. purchased a new position in Nautilus Group, Inc. (The) during the 1st quarter worth approximately $184,000. 97.74% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Nautilus Group, Inc. (The) (NYSE:NLS)

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