DA Davidson Trims Nautilus (NYSE:NLS) Target Price to $5.00

Nautilus (NYSE:NLS) had its price target cut by DA Davidson to $5.00 in a report released on Tuesday, May 7th, The Fly reports. They currently have a neutral rating on the specialty retailer’s stock. DA Davidson also issued estimates for Nautilus’ Q2 2019 earnings at ($0.18) EPS, Q3 2019 earnings at $0.18 EPS, FY2019 earnings at ($0.08) EPS and FY2020 earnings at $0.14 EPS.

Several other research analysts have also issued reports on the company. Lake Street Capital dropped their target price on Nautilus from $8.00 to $5.00 and set a hold rating for the company in a research report on Tuesday, May 7th. Zacks Investment Research upgraded Nautilus from a strong sell rating to a hold rating in a research report on Wednesday, May 1st. ValuEngine upgraded Nautilus from a strong sell rating to a sell rating in a report on Monday, April 1st. TheStreet lowered Nautilus from a c rating to a d+ rating in a report on Tuesday, February 26th. Finally, B. Riley set a $9.00 price target on Nautilus and gave the company a hold rating in a report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $7.81.

Shares of NYSE:NLS traded down $0.09 during trading hours on Tuesday, hitting $2.69. 303,597 shares of the company’s stock traded hands, compared to its average volume of 489,773. Nautilus has a 1 year low of $2.66 and a 1 year high of $16.75. The firm has a market capitalization of $82.78 million, a PE ratio of 5.38 and a beta of 0.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.22 and a quick ratio of 1.09.

Nautilus (NYSE:NLS) last announced its earnings results on Monday, May 6th. The specialty retailer reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.26). Nautilus had a negative net margin of 0.54% and a negative return on equity of 0.83%. The business had revenue of $84.40 million for the quarter, compared to analysts’ expectations of $92.41 million. During the same quarter last year, the firm earned $0.27 EPS. The firm’s quarterly revenue was down 26.5% on a year-over-year basis. Equities research analysts expect that Nautilus will post -0.23 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC lifted its holdings in Nautilus by 105.7% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 706,745 shares of the specialty retailer’s stock worth $3,930,000 after buying an additional 363,140 shares during the period. Morgan Stanley lifted its holdings in Nautilus by 315.9% during the first quarter. Morgan Stanley now owns 824,844 shares of the specialty retailer’s stock worth $4,587,000 after buying an additional 626,531 shares during the period. SEI Investments Co lifted its holdings in Nautilus by 13,650.9% during the first quarter. SEI Investments Co now owns 54,041 shares of the specialty retailer’s stock worth $300,000 after buying an additional 53,648 shares during the period. Oxford Asset Management LLP lifted its holdings in Nautilus by 42.1% during the first quarter. Oxford Asset Management LLP now owns 256,054 shares of the specialty retailer’s stock worth $1,424,000 after buying an additional 75,918 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Nautilus by 52.3% during the first quarter. AQR Capital Management LLC now owns 801,453 shares of the specialty retailer’s stock worth $4,456,000 after buying an additional 275,154 shares during the period. Institutional investors own 89.50% of the company’s stock.

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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