Investors Buy Shares of Nautilus Inc. (NLS) on Weakness
Investors bought shares of Nautilus Inc. (NYSE:NLS) on weakness during trading 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 equities 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
A number of research firms have commented on NLS. B. Riley restated a “buy” rating and issued a $23.00 price target on shares of Nautilus in a research report on Wednesday, August 3rd. Imperial Capital began coverage on shares of Nautilus in a research report on Wednesday, July 6th. They issued an “outperform” rating and a $24.00 price target on the stock. Zacks Investment Research upgraded shares of Nautilus from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Sterne Agee CRT restated a “buy” rating on shares of Nautilus in a research report on Monday, May 16th. Finally, Wunderlich restated a “buy” rating and issued a $24.00 price target on shares of Nautilus in a research report on Tuesday, August 2nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $24.00.
The company has a market capitalization of $735.35 million and a P/E ratio of 25.95. The firm has a 50-day moving average price of $20.62 and a 200 day moving average price of $19.24.
Nautilus (NYSE:NLS) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The company earned $78.50 million during the quarter, compared to the consensus estimate of $77.83 million. Nautilus’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share. On average, analysts anticipate that Nautilus Inc. will post $1.15 EPS for the current year.
In related news, Director Richard A. Horn sold 7,500 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $21.50, for a total transaction of $161,250.00. Following the transaction, the director now directly owns 35,802 shares of the company’s stock, valued at $769,743. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Jeffery Lynn Collins sold 4,166 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $21.30, for a total transaction of $88,735.80. Following the transaction, the vice president now directly owns 4,278 shares in the company, 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 raised its position in Nautilus Inc. (NYSE:NLS) by 10.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 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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