Traders Buy Nautilus Inc. (NLS) on Weakness
Investors bought shares of Nautilus Inc. (NYSE:NLS) on weakness during trading 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 companies 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
Several equities analysts recently commented on NLS shares. Wunderlich reaffirmed a “buy” rating and set a $24.00 target price on shares of Nautilus in a report on Thursday, June 23rd. Imperial Capital started coverage on shares of Nautilus in a report on Wednesday, July 6th. They set an “outperform” rating and a $24.00 target price on the stock. Zacks Investment Research raised shares of Nautilus from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Thursday, May 12th. Sterne Agee CRT reaffirmed a “buy” rating on shares of Nautilus in a report on Monday, May 16th. Finally, B. Riley reaffirmed a “buy” rating and set a $23.00 target price on shares of Nautilus in a report on Wednesday, August 3rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Nautilus currently has a consensus rating of “Buy” and a consensus target price of $24.00.
The company has a market capitalization of $735.35 million and a PE ratio of 25.95. The company has a 50 day moving average of $20.62 and a 200-day moving average of $19.24.
Nautilus (NYSE:NLS) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. During the same quarter in the prior year, the firm posted $0.07 EPS. The business earned $78.50 million during the quarter, compared to the consensus estimate of $77.83 million. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. Equities analysts predict that Nautilus Inc. will post $1.15 earnings per share for the current year.
In other Nautilus news, Director Marvin G. Siegert sold 7,000 shares of the business’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $21.28, for a total transaction of $148,960.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jeffery Lynn Collins sold 4,166 shares of the business’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $21.30, for a total transaction of $88,735.80. Following the transaction, the vice president now owns 4,278 shares in the company, valued at approximately $91,121.40. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Nautilus stock. Wells Fargo & Company MN boosted its position in shares of Nautilus Inc. (NYSE:NLS) by 10.5% during the fourth quarter, according to its most recent filing with the SEC. 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 about 1.93% of Nautilus worth $10,005,000 at the end of the most recent reporting period.
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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