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

Imperial Capital upgraded shares of Nautilus (NYSE:NLS) from an in-line rating to an outperform rating in a research note issued to investors on Wednesday, Benzinga reports. Imperial Capital currently has $4.50 target price on the specialty retailer’s stock. 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.

NLS has been the topic of several other research reports. ValuEngine cut shares of Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Lake Street Capital lowered their price objective on shares of Nautilus from $8.00 to $5.00 and set a hold rating on the stock in a research note on Tuesday, May 7th. DA Davidson lowered their price objective on shares of Sally Beauty to $16.50 and set a neutral rating on the stock in a research note on Tuesday, May 7th. Finally, Zacks Investment Research cut shares of ExlService from a hold rating to a sell rating in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Nautilus currently has a consensus rating of Hold and a consensus target price of $7.07.

Nautilus stock opened at $2.06 on Wednesday. The firm’s 50-day moving average is $2.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.09 and a current ratio of 2.22. Nautilus has a 52 week low of $1.60 and a 52 week high of $15.35.

Nautilus (NYSE:NLS) last announced its quarterly earnings data on Monday, May 6th. The specialty retailer reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.26). The business had revenue of $84.40 million during the quarter, compared to analyst estimates of $92.41 million. Nautilus had a negative return on equity of 0.83% and a negative net margin of 0.54%. The business’s revenue for the quarter was down 26.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS. As a group, research analysts forecast that Nautilus will post -0.27 earnings per share for the current year.

In other news, CEO M Carl Johnson III bought 10,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was bought 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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.20% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Quantamental Technologies LLC boosted its holdings in shares of Nautilus by 851.4% in the first quarter. Quantamental Technologies LLC now owns 6,641 shares of the specialty retailer’s stock worth $37,000 after buying an additional 5,943 shares during the period. Magnus Financial Group LLC acquired a new stake in shares of Nautilus during the first quarter worth approximately $97,000. Menta Capital LLC acquired a new stake in shares of Nautilus during the fourth quarter worth approximately $126,000. California Public Employees Retirement System boosted its holdings in shares of Nautilus by 5.7% during the fourth 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 boosted its holdings in shares of Nautilus by 533.4% during the first 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. 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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