Nautilus Inc. (NLS) Sets New 1-Year High at $23.65
Nautilus Inc. (NYSE:NLS)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $23.65 and last traded at $23.64, with a volume of 609,598 shares. The stock had previously closed at $23.14.
NLS has been the subject of a number of research reports. Wunderlich reiterated a “buy” rating and issued a $24.00 price objective on shares of Nautilus in a report on Thursday, June 23rd. Imperial Capital assumed coverage on Nautilus in a research note on Wednesday, July 6th. They issued an “outperform” rating and a $24.00 target price on the stock. Zacks Investment Research raised Nautilus from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Thursday, May 12th. Sterne Agee CRT reissued a “buy” rating on shares of Nautilus in a research note on Monday, May 16th. Finally, B. Riley reissued a “buy” rating and issued a $23.00 target price on shares of Nautilus in a research note on Wednesday, August 3rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $24.00.
The firm has a market cap of $735.35 million and a P/E ratio of 25.95. The company’s 50 day moving average is $20.62 and its 200-day moving average is $19.24.
Nautilus (NYSE:NLS) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.03. During the same quarter in the previous year, the firm earned $0.07 EPS. The business had revenue of $78.50 million for the quarter, compared to analysts’ expectations of $77.83 million. Nautilus’s revenue was up 31.5% compared to the same quarter last year. Equities analysts predict that Nautilus Inc. will post $1.15 EPS for the current fiscal year.
In related news, VP Jeffery Lynn Collins sold 4,166 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $21.30, for a total transaction of $88,735.80. Following the completion of the transaction, the vice president now owns 4,278 shares in the company, valued at approximately $91,121.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $148,960.00. 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 Form 13F 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 about 1.93% of Nautilus worth $10,005,000 as of its most recent filing with the SEC.
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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