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. “
A number of other research firms have also recently weighed in on NLS. ValuEngine upgraded shares of Nautilus from a hold rating to a buy rating in a research report on Wednesday, October 2nd. Lake Street Capital cut their price objective on shares of Nautilus from $5.00 to $3.00 and set a hold rating on the stock in a research report on Thursday, August 1st. Finally, Imperial Capital cut shares of Nautilus from an outperform rating to an outperform rating and cut their price objective for the company from $4.50 to $2.00 in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of $6.43.
NLS stock traded down $0.05 during mid-day trading on Wednesday, reaching $1.47. 362,975 shares of the stock traded hands, compared to its average volume of 1,045,483. The company has a current ratio of 1.82, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. Nautilus has a one year low of $1.20 and a one year high of $13.87. The business has a 50-day moving average price of $1.47 and a two-hundred day moving average price of $2.08.
In related news, Director M Carl Johnson III purchased 30,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were purchased at an average cost of $1.25 per share, for a total transaction of $37,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in NLS. Renaissance Technologies LLC purchased a new stake in Nautilus in the second quarter worth about $1,335,000. D. E. Shaw & Co. Inc. lifted its position in shares of Nautilus by 56.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,139,900 shares of the specialty retailer’s stock valued at $2,520,000 after buying an additional 413,602 shares during the last quarter. Morgan Stanley lifted its position in shares of Nautilus by 41.9% during the second quarter. Morgan Stanley now owns 1,170,736 shares of the specialty retailer’s stock valued at $2,588,000 after buying an additional 345,892 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of Nautilus by 90.2% during the second quarter. Citadel Advisors LLC now owns 558,014 shares of the specialty retailer’s stock valued at $1,234,000 after buying an additional 264,628 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Nautilus during the second quarter valued at about $573,000. 83.65% of the stock is owned by institutional investors.
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.
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