Investors Buy Shares of Nautilus Inc. (NLS) on Weakness
Investors bought shares of Nautilus Inc. (NYSE:NLS) on weakness during trading hours on Thursday. $55.91 million flowed into the stock on the tick-up and $4.24 million flowed out of the stock on the tick-down, for a money net flow of $51.67 million into the stock. Of all stocks tracked, Nautilus had the 26th highest net in-flow for the day. Nautilus traded down ($0.15) for the day and closed at $23.14
Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Nautilus from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Imperial Capital lifted their price target on shares of Nautilus from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, August 3rd. B. Riley reissued a “buy” rating and issued a $23.00 price target on shares of Nautilus in a research report on Wednesday, August 3rd. Wunderlich reissued a “buy” rating and issued a $24.00 price target on shares of Nautilus in a research report on Tuesday, August 2nd. Finally, Sterne Agee CRT reaffirmed a “buy” rating on shares of Nautilus in a report on Monday, May 16th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $24.00.
The firm has a market cap of $719.79 million and a P/E ratio of 25.40. The company has a 50 day moving average price of $20.47 and a 200-day moving average price of $19.21.
Nautilus (NYSE:NLS) last announced its earnings results on Monday, August 1st. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. During the same quarter in the prior year, the company earned $0.07 EPS. The business had revenue of $78.50 million for the quarter, compared to the consensus estimate of $77.83 million. Nautilus’s revenue was up 31.5% compared to the same quarter last year. On average, equities analysts predict that Nautilus Inc. will post $1.15 earnings per share for the current fiscal year.
In related news, VP Jeffery Lynn Collins sold 4,166 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $21.30, for a total transaction of $88,735.80. Following the completion of the transaction, the vice president now owns 4,278 shares in the company, valued at $91,121.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Marvin G. Siegert sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $21.28, for a total value of $148,960.00. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Nautilus stock. Wells Fargo & Company MN raised its position in shares of Nautilus Inc. (NYSE:NLS) by 10.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 598,354 shares of the company’s stock after buying an additional 56,887 shares during the period. Wells Fargo & Company MN owned approximately 1.93% of Nautilus worth $10,005,000 as of its most recent SEC filing.
Nautilus, Inc is a consumer fitness products company. The Company operates through two segments: Direct and Retail. The Direct segment offers products directly to consumers through television advertising, catalogs and the Internet. The Retail segment offers its products through a network of independent retail companies with stores and Websites located in the United States and internationally.
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