Nautilus Group, Inc. (The) (NYSE:NLS) Trading Down 6.3% on Disappointing Earnings

Nautilus Group, Inc. (The) (NYSE:NLS)’s share price traded down 6.3% during mid-day trading on Tuesday following a dissappointing earnings announcement. The stock traded as low as $15.53 and last traded at $16.50, with a volume of 1,146,973 shares trading hands. The stock had previously closed at $17.60.

The specialty retailer reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.01. The business had revenue of $77 million for the quarter, compared to analyst estimates of $77.71 million. Nautilus Group, Inc. (The) had a return on equity of 17.22% and a net margin of 7.25%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.12 EPS.

Nautilus Group, Inc. (The) announced that its board has initiated a share buyback program on Monday, May 1st that allows the company to buyback $15.00 million in shares. This buyback authorization allows the specialty retailer to buy up to 2.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

A number of research firms recently issued reports on NLS. DA Davidson reissued a “buy” rating and set a $22.00 target price on shares of Nautilus Group, Inc. (The) in a research report on Wednesday. Zacks Investment Research downgraded shares of Nautilus Group, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Saturday, May 13th. Finally, Imperial Capital increased their price objective on shares of Nautilus Group, Inc. (The) from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $22.08.

A number of institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its position in shares of Nautilus Group, Inc. (The) by 78.5% in the second quarter. State of Alaska Department of Revenue now owns 6,014 shares of the specialty retailer’s stock valued at $115,000 after buying an additional 2,644 shares during the period. Mason Street Advisors LLC raised its stake in shares of Nautilus Group, Inc. (The) by 5.5% in the first quarter. Mason Street Advisors LLC now owns 7,179 shares of the specialty retailer’s stock valued at $131,000 after buying an additional 377 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Nautilus Group, Inc. (The) by 2.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,260 shares of the specialty retailer’s stock valued at $139,000 after buying an additional 170 shares in the last quarter. Citigroup Inc. raised its stake in shares of Nautilus Group, Inc. (The) by 3,252.1% in the second quarter. Citigroup Inc. now owns 7,341 shares of the specialty retailer’s stock valued at $141,000 after buying an additional 7,122 shares in the last quarter. Finally, Capstone Asset Management Co. bought a new stake in shares of Nautilus Group, Inc. (The) during the first quarter valued at $184,000. Hedge funds and other institutional investors own 99.75% of the company’s stock.

The firm has a 50 day moving average of $17.75 and a 200 day moving average of $17.62. The company has a market cap of $518.74 million, a PE ratio of 18.24 and a beta of 2.05.

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About Nautilus Group, Inc. (The)

Nautilus, Inc is a consumer fitness products company. The Company operates through two segments: Direct and Retail. Its principal business activities include designing, developing, sourcing and marketing of cardio and strength fitness products and related accessories for consumer use, primarily in the United States and Canada, but also in international markets outside North America.

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