Nautilus (NLS) Stock Price Down 7.7%

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Nautilus, Inc. (NYSE:NLS)’s share price dropped 7.7% during mid-day trading on Wednesday . The stock traded as low as $3.59 and last traded at $3.61. Approximately 654,627 shares changed hands during trading, an increase of 35% from the average daily volume of 484,869 shares. The stock had previously closed at $3.91.

NLS has been the topic of several recent analyst reports. ValuEngine downgraded shares of Nautilus from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 19th. Sidoti downgraded shares of Nautilus from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $19.00 to $9.00 in a research note on Friday, January 18th. Zacks Investment Research downgraded shares of Nautilus from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. SunTrust Banks reduced their price objective on shares of Nautilus to $9.00 and set a “hold” rating on the stock in a research note on Friday, January 18th. Finally, Imperial Capital reissued an “in-line” rating and set a $7.00 price objective (down previously from $12.00) on shares of Nautilus in a research note on Friday, January 18th. One analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $7.81.

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 has a market capitalization of $107.11 million, a P/E ratio of 6.90 and a beta of 0.72.

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

A number of hedge funds have recently modified their holdings of NLS. BNP Paribas Arbitrage SA increased its position in Nautilus by 4,407.3% during the first quarter. BNP Paribas Arbitrage SA now owns 6,175 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 6,038 shares during the last quarter. Quantamental Technologies LLC increased its position in Nautilus by 851.4% during the first quarter. Quantamental Technologies LLC now owns 6,641 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 5,943 shares during the last quarter. SG Americas Securities LLC acquired a new position in Nautilus during the first quarter worth approximately $56,000. Municipal Employees Retirement System of Michigan acquired a new position in Nautilus during the fourth quarter worth approximately $93,000. Finally, Magnus Financial Group LLC acquired a new position in Nautilus during the first quarter worth approximately $97,000. 96.55% of the stock is owned by hedge funds and other institutional investors.

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Nautilus Company Profile (NYSE:NLS)

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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