Nautilus Inc. (NLS) Reaches New 1-Year High at $21.69
Nautilus Inc. (NYSE:NLS) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $21.69 and last traded at $21.61, with a volume of 182,633 shares changing hands. The stock had previously closed at $21.24.
NLS has been the topic of several research reports. Zacks Investment Research raised Nautilus from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Wednesday, April 27th. Wunderlich reaffirmed a “buy” rating and issued a $24.00 price target on shares of Nautilus in a report on Thursday, June 23rd. Imperial Capital initiated coverage on Nautilus in a report on Wednesday, July 6th. They issued an “outperform” rating and a $24.00 price target on the stock. Sterne Agee CRT reaffirmed a “buy” rating on shares of Nautilus in a report on Monday, May 16th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $26.00 price target on shares of Nautilus in a report on Sunday, May 1st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Nautilus has a consensus rating of “Buy” and an average target price of $24.00.
The stock has a market cap of $670.02 million and a P/E ratio of 23.64. The stock’s 50 day moving average is $19.28 and its 200 day moving average is $18.92.
Nautilus (NYSE:NLS) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The firm had revenue of $78.50 million for the quarter, compared to analyst estimates of $77.83 million. The business’s quarterly revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 EPS. On average, analysts anticipate that Nautilus Inc. will post $1.15 earnings per share for the current year.
In other news, Director Richard A. Horn sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $21.50, for a total transaction of $161,250.00. Following the completion of the sale, the director now owns 35,802 shares of the company’s stock, valued at $769,743. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
A hedge fund recently raised its stake in Nautilus stock. Wells Fargo & Company MN increased its stake in shares of Nautilus Inc. (NYSE:NLS) by 10.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 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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