Nautilus (NYSE:NLS) Lowered to Hold at Craig Hallum

Nautilus (NYSE:NLSGet Rating) was downgraded by investment analysts at Craig Hallum from a “buy” rating to a “hold” rating in a research report issued on Tuesday, The Fly reports. They presently have a $2.00 target price on the specialty retailer’s stock, down from their previous target price of $9.00. Craig Hallum’s price objective indicates a potential downside of 2.44% from the stock’s current price.

A number of other equities analysts also recently weighed in on NLS. Zacks Investment Research upgraded shares of Nautilus from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a report on Wednesday, May 11th. StockNews.com began coverage on shares of Nautilus in a report on Thursday, March 31st. They issued a “hold” rating for the company. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Nautilus currently has an average rating of “Buy” and a consensus price target of $5.55.

NYSE NLS traded down $0.46 on Tuesday, reaching $2.05. The company had a trading volume of 106,261 shares, compared to its average volume of 759,641. The stock’s 50 day moving average is $3.51 and its 200-day moving average is $5.14. The stock has a market cap of $64.06 million, a price-to-earnings ratio of 2.63 and a beta of 1.73. The company has a quick ratio of 1.32, a current ratio of 2.59 and a debt-to-equity ratio of 0.30. Nautilus has a 52 week low of $2.34 and a 52 week high of $18.58.

In other Nautilus news, insider Sarah Anne Jones sold 8,800 shares of the firm’s stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $4.79, for a total transaction of $42,152.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.50% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Investors Financial Group LLC increased its holdings in Nautilus by 37.9% in the 4th quarter. Investors Financial Group LLC now owns 22,750 shares of the specialty retailer’s stock worth $139,000 after acquiring an additional 6,250 shares during the last quarter. Granby Capital Management LLC purchased a new stake in Nautilus in the 3rd quarter worth about $466,000. Capital Fund Management S.A. increased its holdings in Nautilus by 108.6% in the 4th quarter. Capital Fund Management S.A. now owns 61,745 shares of the specialty retailer’s stock worth $378,000 after acquiring an additional 32,152 shares during the last quarter. Epoch Investment Partners Inc. increased its holdings in Nautilus by 49.4% in the 4th quarter. Epoch Investment Partners Inc. now owns 753,027 shares of the specialty retailer’s stock worth $4,616,000 after acquiring an additional 248,861 shares during the last quarter. Finally, Strs Ohio increased its holdings in Nautilus by 529.4% in the 4th quarter. Strs Ohio now owns 68,600 shares of the specialty retailer’s stock worth $420,000 after acquiring an additional 57,700 shares during the last quarter. Institutional investors own 59.04% of the company’s stock.

About Nautilus (Get Rating)

Nautilus, Inc, a fitness solutions 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, home gyms, dumbbells, barbells, and kettlebells primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands, as well as fitness digital platform under the JRNY brand.

See Also

The Fly logo

Receive News & Ratings for Nautilus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nautilus and related companies with MarketBeat.com's FREE daily email newsletter.