Traders Buy Nautilus Inc. (NLS) on Weakness
Investors bought shares of Nautilus Inc. (NYSE:NLS) on weakness during trading hours on Friday. $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 equities tracked, Nautilus had the 6th highest net in-flow for the day. Nautilus traded down ($0.15) for the day and closed at $23.14
NLS has been the topic of several research reports. Wunderlich restated a “buy” rating and set a $24.00 price objective on shares of Nautilus in a research report on Thursday, June 23rd. Sterne Agee CRT restated a “buy” rating on shares of Nautilus in a research report on Monday, May 16th. B. Riley restated a “buy” rating and set a $23.00 price objective on shares of Nautilus in a research report on Sunday, May 15th. Zacks Investment Research upgraded shares of Nautilus from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Thursday, May 12th. Finally, Imperial Capital initiated coverage on shares of Nautilus in a research report on Wednesday, July 6th. They set an “outperform” rating and a $24.00 price objective on the stock. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $24.00.
The company has a 50-day moving average price of $20.62 and a 200 day moving average price of $19.24. The firm has a market cap of $735.35 million and a P/E ratio of 25.95.
Nautilus (NYSE:NLS) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. During the same quarter in the previous year, the company earned $0.07 earnings per share. The firm earned $78.50 million during the quarter, compared to the consensus estimate of $77.83 million. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. On average, equities analysts forecast that Nautilus Inc. will post $1.15 earnings per share for the current year.
In other Nautilus news, VP Jeffery Lynn Collins sold 4,166 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $21.30, for a total value of $88,735.80. Following the completion of the transaction, the vice president now directly owns 4,278 shares in the company, valued at $91,121.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard A. Horn sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $21.50, for a total transaction of $161,250.00. Following the completion of the transaction, the director now owns 35,802 shares of the company’s stock, valued at $769,743. The disclosure for this sale can be found here.
A hedge fund recently raised its stake 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 filing with the Securities and Exchange Commission. The firm 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.