Nautilus (NYSE:NLS) had its price objective increased by Truist from $18.00 to $28.00 in a research note published on Wednesday, The Fly reports.
NLS has been the topic of a number of other reports. Truist Financial lifted their price objective on shares of Nautilus from $12.00 to $18.00 in a research note on Tuesday, August 11th. SunTrust Banks upped their price target on shares of Nautilus from $10.00 to $12.00 and gave the stock a buy rating in a report on Tuesday, July 7th. ValuEngine raised Nautilus from a sell rating to a hold rating in a report on Tuesday, October 6th. William Blair initiated coverage on Nautilus in a research report on Wednesday, September 2nd. They set an outperform rating on the stock. Finally, Craig Hallum increased their target price on Nautilus from $13.00 to $22.00 and gave the company a buy rating in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $17.56.
Shares of NYSE:NLS opened at $23.40 on Wednesday. The company’s 50 day simple moving average is $16.71 and its 200 day simple moving average is $10.11. The stock has a market capitalization of $701.23 million, a price-to-earnings ratio of -68.82 and a beta of 2.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.86 and a quick ratio of 1.59. Nautilus has a 1 year low of $1.20 and a 1 year high of $25.40.
Nautilus (NYSE:NLS) last announced its quarterly earnings data on Monday, August 10th. The specialty retailer reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.66. The business had revenue of $114.19 million for the quarter, compared to analysts’ expectations of $69.15 million. Nautilus had a negative net margin of 2.71% and a positive return on equity of 18.03%. As a group, analysts anticipate that Nautilus will post 1.23 EPS for the current fiscal year.
In other Nautilus news, CEO Jim Barr sold 100,000 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $14.21, for a total value of $1,421,000.00. Following the completion of the transaction, the chief executive officer now directly owns 223,490 shares in the company, valued at $3,175,792.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard A. Horn sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $13.02, for a total value of $130,200.00. Insiders sold 165,387 shares of company stock valued at $2,327,736 over the last quarter. Corporate insiders own 1.90% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of NLS. Bank of Montreal Can bought a new position in shares of Nautilus during the second quarter worth about $25,000. Wells Fargo & Company MN raised its position in shares of Nautilus by 578.3% during the first quarter. Wells Fargo & Company MN now owns 10,243 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 8,733 shares during the last quarter. Sei Investments Co. bought a new position in shares of Nautilus during the second quarter worth about $70,000. Jane Street Group LLC bought a new position in shares of Nautilus during the first quarter worth about $79,000. Finally, Cambria Investment Management L.P. bought a new position in shares of Nautilus during the second quarter worth about $100,000. Institutional investors own 65.50% of the company’s stock.
Nautilus, Inc, a fitness solutions 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 kettlebells primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands, as well as fitness digital platform under the JRNY brand.
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