Imperial Capital Trims Nautilus (NLS) Target Price to $12.00

Nautilus (NYSE:NLS) had its price objective decreased by Imperial Capital to $12.00 in a report issued on Tuesday, The Fly reports. Imperial Capital currently has an in-line rating on the specialty retailer’s stock. Imperial Capital also issued estimates for Nautilus’ Q4 2018 earnings at $0.61 EPS, FY2018 earnings at $1.06 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.03 EPS, Q3 2019 earnings at $0.20 EPS, Q4 2019 earnings at $0.54 EPS and FY2019 earnings at $1.06 EPS.

A number of other equities analysts have also commented on NLS. Zacks Investment Research lowered shares of Nautilus from a hold rating to a sell rating in a research report on Wednesday, July 18th. TheStreet lowered shares of Nautilus from a b- rating to a c+ rating in a report on Thursday, July 19th. B. Riley raised their target price on shares of Nautilus from $18.00 to $19.50 and gave the company a buy rating in a report on Tuesday, July 24th. Finally, Lake Street Capital raised shares of Nautilus from a hold rating to a buy rating and raised their target price for the company from $16.00 to $17.00 in a report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Nautilus currently has an average rating of Hold and a consensus target price of $16.50.

NYSE:NLS traded up $0.28 during mid-day trading on Tuesday, reaching $12.76. 6,777 shares of the company’s stock were exchanged, compared to its average volume of 272,477. Nautilus has a one year low of $10.82 and a one year high of $17.20. The firm has a market cap of $349.97 million, a price-to-earnings ratio of 14.55, a P/E/G ratio of 1.12 and a beta of 1.08. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.63 and a current ratio of 1.93.

Nautilus (NYSE:NLS) last released its quarterly earnings results on Monday, October 29th. The specialty retailer reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Nautilus had a return on equity of 11.91% and a net margin of 5.31%. The business had revenue of $91.10 million for the quarter, compared to the consensus estimate of $94.12 million. During the same period in the prior year, the business posted $0.27 earnings per share. Nautilus’s revenue was up 3.4% compared to the same quarter last year. Sell-side analysts anticipate that Nautilus will post 1.03 EPS for the current year.

In related news, CEO Bruce M. Cazenave sold 10,700 shares of Nautilus stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $14.81, for a total transaction of $158,467.00. Following the sale, the chief executive officer now directly owns 389,044 shares of the company’s stock, valued at approximately $5,761,741.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bruce M. Cazenave sold 16,600 shares of Nautilus stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $14.01, for a total transaction of $232,566.00. Following the sale, the chief executive officer now directly owns 382,094 shares in the company, valued at $5,353,136.94. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. grew its holdings in shares of Nautilus by 31.5% during the 3rd quarter. Victory Capital Management Inc. now owns 132,513 shares of the specialty retailer’s stock valued at $1,849,000 after purchasing an additional 31,771 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Nautilus during the 3rd quarter valued at approximately $210,000. Ingalls & Snyder LLC bought a new stake in shares of Nautilus during the 3rd quarter valued at approximately $844,000. Skylands Capital LLC grew its holdings in shares of Nautilus by 28.7% during the 3rd quarter. Skylands Capital LLC now owns 277,959 shares of the specialty retailer’s stock valued at $3,878,000 after purchasing an additional 62,009 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Nautilus by 132.3% during the 3rd quarter. Bank of Montreal Can now owns 26,486 shares of the specialty retailer’s stock valued at $370,000 after purchasing an additional 15,083 shares during the last quarter. 92.23% of the stock is currently owned by institutional investors.

About Nautilus

Nautilus, Inc, a consumer fitness products company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer use in the United States, Canada, and internationally. The company operates in two segments, Direct and Retail. It offers specialized cardio products, treadmills, elliptical machine, bike products, strength products, home gyms, dumbbells, kettlebell weights, and weight benches primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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