Nautilus (NYSE:NLS) Rating Lowered to Strong Sell at Zacks Investment Research

Nautilus (NYSE:NLS) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Saturday, Zacks.com reports.

According to Zacks, “Nautilus, Inc. is an iconic industry leader with a rich history and reputation for building the best cardio and strength equipment for home use. Known for its family of brands that included Bowflex, Nautilus, Octane Fitness, Schwinn, and Universal, the company develops, manufacturers and markets branded products that include home gyms, free weight equipment, treadmills, indoor cycling equipment, ellipticals, and fitness accessories. “

Several other research firms have also weighed in on NLS. DA Davidson reduced their price objective on Sally Beauty to $16.50 and set a “neutral” rating on the stock in a research note on Tuesday, May 7th. Imperial Capital raised Nautilus from an “in-line” rating to an “outperform” rating and set a $4.50 price objective on the stock in a research note on Wednesday, July 17th. Lake Street Capital reduced their price objective on Nautilus from $8.00 to $5.00 and set a “hold” rating on the stock in a research note on Tuesday, May 7th. Finally, ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $7.07.

NLS opened at $2.06 on Friday. The firm has a market cap of $61.12 million, a price-to-earnings ratio of 4.12 and a beta of 0.92. Nautilus has a 52-week low of $1.60 and a 52-week high of $15.35. The company has a current ratio of 2.22, a quick ratio of 1.09 and a debt-to-equity ratio of 0.24. The stock’s fifty day moving average is $2.24.

Nautilus (NYSE:NLS) last released its earnings results on Monday, May 6th. The specialty retailer reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.26). The company had revenue of $84.40 million for the quarter, compared to analyst estimates of $92.41 million. Nautilus had a negative return on equity of 0.83% and a negative net margin of 0.54%. The business’s revenue for the quarter was down 26.5% compared to the same quarter last year. During the same period last year, the company posted $0.27 earnings per share. As a group, equities analysts anticipate that Nautilus will post -0.27 EPS for the current year.

In other Nautilus news, CEO M Carl Johnson III acquired 10,000 shares of Nautilus stock in a transaction that occurred on Thursday, May 30th. The shares were acquired at an average cost of $2.78 per share, with a total value of $27,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its position in Nautilus by 4,407.3% in the first quarter. BNP Paribas Arbitrage SA now owns 6,175 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 6,038 shares during the last quarter. Quantamental Technologies LLC raised its position in Nautilus by 851.4% in the first quarter. Quantamental Technologies LLC now owns 6,641 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 5,943 shares during the last quarter. SG Americas Securities LLC bought a new position in Nautilus in the first quarter valued at about $56,000. Municipal Employees Retirement System of Michigan bought a new position in Nautilus in the fourth quarter valued at about $93,000. Finally, Magnus Financial Group LLC bought a new position in Nautilus in the first quarter valued at about $97,000. 89.50% of the stock is currently owned by institutional investors and hedge funds.

Nautilus Company Profile

Nautilus, Inc, a consumer fitness products company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer and commercial use in the United States, Canada, and internationally. The company operates in two segments, Direct and Retail. It offers specialized cardio products, treadmills, ellipticals, bike products, strength products, home gyms, dumbbells, and weight benches primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands.

See Also: Systematic Risk

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