Lake Street Initiates Coverage On Nautilus to Buy with Price Target $25

Lake Street Initiates Coverage On Nautilus(NLS). In a research note issued to the investors, the brokerage major Announces the price-target to $25 per share. The shares have been rated Buy. The rating by the stock financial advisor at Lake Street was issued on Mar 17, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 13, 2017, Imperial Capital said it Upgrades its rating on Nautilus. According to the research note, Imperial Capital Raises the price target to $20 per share from a prior target of $16. The shares have been rated ‘Outperform’ by the firm. On Jan 9, 2017, DA Davidson said it Downgrades its rating on Nautilus. According to the research note, DA Davidson Lowers the price target to $20 per share from a prior target of $24. The shares have been rated ‘Neutral’ by the firm.

Nautilus (NLS) shares turned negative on Wednesdays trading session with the shares closing down -0.05 points or -0.29% at a volume of 2,31,804. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.3. The peak price level was also seen at $17.3 while the days lowest was $16.85. Finally the shares closed at $17.25. The 52-week high of the shares is $24.99 while the 52-week low is $14.275. According to the latest information available, the market cap of the company is $530 M.

Nautilus(NLS) last announced its earnings results on Feb 21, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $125.764M. Analysts had an estimated revenue of $131.960M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.41.

Several Insider Transactions has been reported to the SEC. On Mar 1, 2017, Jeffery Lynn Collins (VP, Retail Sales) sold 12,287 shares at $16.04 per share price.Also, On Mar 1, 2017, Robert O. Murdock (SVP Innovation) sold 7,663 shares at $16.40 per share price.On Aug 23, 2016, Marvin G Siegert (director) sold 7,000 shares at $21.28 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.

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