Nautilus (NLS) was Downgraded by Imperial Capital to ” In-line” and the brokerage firm has set the Price Target at $26. Earlier the firm had a rating of “Outperform ” on the company shares. Imperial Capital advised their investors in a research report released on Sep 19, 2016.
Many Wall Street Analysts have commented on Nautilus. Imperial Capital Downgraded Nautilus on Sep 19, 2016 to ” In-line”, Price Target of the shares are set at $26.Company shares were Reiterated by Imperial Capital on Aug 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 26 from a previous price target of $24 .Imperial Capital Initiated Nautilus on Jul 6, 2016 to “Outperform”, Price Target of the shares are set at $24.
On the company’s financial health, Nautilus reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.09. The company had revenue of $78.50 million for the quarter, compared to analysts expectations of $77.78 million. The company’s revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.
Nautilus opened for trading at $24.52 and hit $24.99 on the upside on Friday, eventually ending the session at $24.99, with a gain of 1.79% or 0.44 points. The heightened volatility saw the trading volume jump to 743,607 shares. Company has a market cap of $777 M.
In a different news, on Aug 23, 2016, Marvin G Siegert (director) sold 7,000 shares at $21.28 per share price. According to the SEC, on Aug 23, 2016, Jeffery Lynn Collins (VP, Retail Sales) sold 4,166 shares at $21.30 per share price. On Aug 15, 2016, Richard A Horn (director) sold 7,500 shares at $21.50 per share price, according to the Form-4 filing with the securities and exchange commission.
Nautilus Inc. is a consumer fitness products company. The Company’s principal business activities include designing developing sourcing and marketing cardio and strength fitness products and related accessories for consumer use primarily in the United States and Canada. The Company operates through two business segments: Direct and Retail. Its Direct business markets and sells its products principally Bowflex cardio and strength products directly to consumers. It is a direct marketer of strength products in the United States and also sells cardio products especially the Bowflex TreadClimber and Bowflex Max Trainer. In its Retail business the Company markets and sells a line of consumer fitness equipment under the Nautilus Schwinn Universal and Bowflex brands. The Company’s products are marketed through retail companies consisting of sporting goods stores Internet retailers large-format and warehouse stores smaller specialty retailers and independent bike dealers.