Nautilus Inc. (NLS) Hits New 12-Month High at $22.89
Nautilus Inc. (NYSE:NLS)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $22.89 and last traded at $22.18, with a volume of 674,056 shares changing hands. The stock had previously closed at $20.92.
NLS has been the topic of several research reports. B. Riley reissued a “buy” rating and issued a $23.00 target price on shares of Nautilus in a research report on Wednesday, August 3rd. Wunderlich reaffirmed a “buy” rating and set a $24.00 price target on shares of Nautilus in a research report on Thursday, June 23rd. Zacks Investment Research raised Nautilus from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Sterne Agee CRT reaffirmed a “buy” rating on shares of Nautilus in a research report on Monday, May 16th. Finally, DA Davidson reaffirmed a “buy” rating and set a $26.00 price target on shares of Nautilus in a research report on Sunday, May 1st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Nautilus presently has an average rating of “Buy” and an average price target of $24.00.
The stock has a 50 day moving average of $19.99 and a 200-day moving average of $19.08. The stock has a market cap of $699.89 million and a price-to-earnings ratio of 24.70.
Nautilus (NYSE:NLS) last released its quarterly earnings data on Monday, August 1st. The company reported $0.12 earnings per share (EPS) 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 analysts’ expectations of $77.83 million. During the same period last year, the firm posted $0.07 earnings per share. Nautilus’s revenue for the quarter was up 31.5% on a year-over-year basis. On average, equities research analysts predict that Nautilus Inc. will post $1.15 earnings per share for the current year.
In related news, Director Richard A. Horn sold 7,500 shares of the business’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $21.50, for a total value of $161,250.00. Following the completion of the sale, the director now directly owns 35,802 shares of the company’s stock, valued at $769,743. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 completion of the sale, the vice president now directly owns 4,278 shares of the company’s stock, valued at $91,121.40. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Nautilus stock. Wells Fargo & Company MN increased its position in shares of Nautilus Inc. (NYSE:NLS) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 about 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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