Nautilus Inc. (NYSE:NLS) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 1,465,400 shares, a growth of 60.4% from the August 31st total of 913,691 shares. Approximately 4.8% of the shares of the company are short sold. Based on an average daily volume of 855,974 shares, the days-to-cover ratio is presently 1.7 days.
A number of research analysts have issued reports on the company. Imperial Capital assumed coverage on Nautilus in a research report on Wednesday, July 6th. They set an “outperform” rating and a $24.00 price target for the company. Zacks Investment Research lowered Nautilus from a “buy” rating to a “sell” rating in a research report on Wednesday, July 13th. Wunderlich reiterated a “buy” rating and set a $24.00 price target on shares of Nautilus in a research report on Tuesday, August 2nd. B. Riley reiterated a “buy” rating and set a $23.00 price target on shares of Nautilus in a research report on Friday, July 29th. Finally, DA Davidson reissued a “buy” rating and issued a $28.00 price objective on shares of Nautilus in a research note on Thursday, September 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Nautilus presently has a consensus rating of “Buy” and an average target price of $24.86.
Shares of Nautilus (NYSE:NLS) opened at 21.46 on Thursday. The firm has a market capitalization of $667.53 million, a price-to-earnings ratio of 23.56 and a beta of 2.18. The stock’s 50 day moving average price is $23.07 and its 200-day moving average price is $20.07. Nautilus has a 12 month low of $15.36 and a 12 month high of $24.99.
Nautilus (NYSE:NLS) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.03. The firm had revenue of $78.50 million for the quarter, compared to analyst estimates of $77.83 million. Nautilus had a return on equity of 24.07% and a net margin of 7.49%. The business’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period last year, the company earned $0.07 EPS. On average, equities research analysts predict that Nautilus will post $1.15 EPS for the current fiscal year.
In other Nautilus news, Director Marvin G. Siegert sold 7,000 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $21.28, for a total transaction of $148,960.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jeffery Lynn Collins sold 4,166 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $21.30, for a total value of $88,735.80. Following the transaction, the vice president now owns 4,278 shares of the company’s stock, valued at approximately $91,121.40. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of NLS. Orca Investment Management LLC bought a new position in Nautilus during the second quarter valued at about $1,983,000. Hancock Holding Co. bought a new position in Nautilus during the first quarter valued at about $688,000. Kennedy Capital Management Inc. bought a new position in Nautilus during the first quarter valued at about $1,451,000. JPMorgan Chase & Co. raised its position in Nautilus by 2.1% in the first quarter. JPMorgan Chase & Co. now owns 587,200 shares of the company’s stock valued at $11,345,000 after buying an additional 12,100 shares in the last quarter. Finally, Moody Aldrich Partners LLC raised its position in Nautilus by 167.0% in the second quarter. Moody Aldrich Partners LLC now owns 74,435 shares of the company’s stock valued at $1,328,000 after buying an additional 46,555 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.
Nautilus, Inc is a consumer fitness products company. The Company operates through two segments: Direct and Retail. The Direct segment offers products directly to consumers through television advertising, catalogs and the Internet. The Retail segment offers its products through a network of independent retail companies with stores and Websites located in the United States and internationally.
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