Nautilus (NYSE:NLS) PT Lowered to $5.00 at Lake Street Capital

Nautilus (NYSE:NLS) had its target price dropped by investment analysts at Lake Street Capital from $8.00 to $5.00 in a research report issued to clients and investors on Tuesday, May 7th, The Fly reports. The firm currently has a “hold” rating on the specialty retailer’s stock. Lake Street Capital’s price target indicates a potential upside of 85.87% from the company’s previous close.

A number of other research firms have also recently weighed in on NLS. B. Riley cut Nautilus from a “buy” rating to a “neutral” rating and dropped their price target for the company from $21.00 to $10.00 in a research note on Friday, January 18th. DA Davidson cut Nautilus from a “buy” rating to a “neutral” rating in a research note on Friday, January 18th. Imperial Capital restated an “in-line” rating and issued a $7.00 price target (down previously from $12.00) on shares of Nautilus in a research note on Friday, January 18th. Craig Hallum cut Nautilus from a “buy” rating to a “hold” rating and set a $10.00 price target on the stock. in a research note on Tuesday, February 26th. Finally, SunTrust Banks dropped their price target on Nautilus to $9.00 and set a “hold” rating on the stock in a research note on Friday, January 18th. One research analyst has rated the stock with a sell rating and nine have issued a hold rating to the stock. Nautilus currently 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. The company had a trading volume of 303,597 shares, compared to its average volume of 489,773. The company has a market cap of $82.78 million, a PE ratio of 5.38 and a beta of 0.72. The company has a current ratio of 2.22, a quick ratio of 1.09 and a debt-to-equity ratio of 0.24. Nautilus has a 1-year low of $2.66 and a 1-year high of $16.75.

Nautilus (NYSE:NLS) last released its quarterly earnings data on Monday, May 6th. The specialty retailer reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.26). The company had revenue of $84.40 million during the quarter, compared to analyst estimates of $92.41 million. Nautilus had a negative net margin of 0.54% and a negative return on equity of 0.83%. The company’s quarterly revenue was down 26.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 EPS. As a group, sell-side analysts predict that Nautilus will post -0.23 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its position in Nautilus by 4,407.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,175 shares of the specialty retailer’s stock worth $34,000 after buying an additional 6,038 shares during the period. Quantamental Technologies LLC increased its position in Nautilus by 851.4% during the 1st quarter. Quantamental Technologies LLC now owns 6,641 shares of the specialty retailer’s stock worth $37,000 after buying an additional 5,943 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in Nautilus during the 4th quarter worth $93,000. SG Americas Securities LLC bought a new position in Nautilus during the 1st quarter worth $56,000. Finally, Metropolitan Life Insurance Co. NY increased its position in Nautilus by 361.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,526 shares of the specialty retailer’s stock worth $115,000 after buying an additional 8,247 shares during the period. Institutional investors and hedge funds own 89.50% of the company’s stock.

About Nautilus

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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