OppenheimerFunds Inc. boosted its stake in Nautilus Group, Inc. (The) (NYSE:NLS) by 43.1% during the first quarter, Holdings Channel reports. The firm owned 18,390 shares of the specialty retailer’s stock after buying an additional 5,539 shares during the period. OppenheimerFunds Inc.’s holdings in Nautilus Group, Inc. (The) were worth $335,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in shares of Nautilus Group, Inc. (The) by 13.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,474 shares of the specialty retailer’s stock valued at $120,000 after buying an additional 784 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Nautilus Group, Inc. (The) by 9.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,502,646 shares of the specialty retailer’s stock valued at $27,799,000 after buying an additional 131,987 shares during the period. New York State Teachers Retirement System boosted its stake in shares of Nautilus Group, Inc. (The) by 57.2% in the fourth quarter. New York State Teachers Retirement System now owns 21,992 shares of the specialty retailer’s stock valued at $407,000 after buying an additional 8,000 shares during the period. Eagle Asset Management Inc. boosted its stake in shares of Nautilus Group, Inc. (The) by 36.1% in the first quarter. Eagle Asset Management Inc. now owns 409,832 shares of the specialty retailer’s stock valued at $7,479,000 after buying an additional 108,808 shares during the period. Finally, Capstone Asset Management Co. bought a new stake in shares of Nautilus Group, Inc. (The) during the first quarter valued at approximately $184,000. Institutional investors own 98.26% of the company’s stock.
Nautilus Group, Inc. (NLS) opened at 18.40 on Friday. The stock has a market capitalization of $565.08 million, a P/E ratio of 19.37 and a beta of 2.08. The firm’s 50-day moving average is $18.13 and its 200 day moving average is $17.57. Nautilus Group, Inc. has a 12-month low of $14.27 and a 12-month high of $24.99.
Nautilus Group, Inc. (The) (NYSE:NLS) last issued its quarterly earnings results on Monday, May 1st. The specialty retailer reported $0.26 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.26. Nautilus Group, Inc. (The) had a net margin of 7.49% and a return on equity of 18.71%. The company had revenue of $113.30 million during the quarter, compared to the consensus estimate of $111.28 million. During the same period in the prior year, the company earned $0.38 EPS. Nautilus Group, Inc. (The)’s revenue was down 6.3% on a year-over-year basis. Equities research analysts anticipate that Nautilus Group, Inc. will post $1.13 earnings per share for the current year.
Nautilus Group, Inc. (The) announced that its Board of Directors has authorized a share buyback plan on Monday, May 1st that allows the company to repurchase $15.00 million in shares. This repurchase authorization allows the specialty retailer to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
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Several analysts recently commented on the stock. Zacks Investment Research cut shares of Nautilus Group, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Saturday, May 13th. Imperial Capital raised 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 note on Wednesday, May 3rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $21.75.
In other Nautilus Group, Inc. (The) news, SVP Wayne M. Bolio sold 46,500 shares of the company’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $19.00, for a total value of $883,500.00. Following the completion of the sale, the senior vice president now directly owns 75,490 shares of the company’s stock, valued at approximately $1,434,310. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anne Saunders sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $18.65, for a total transaction of $93,250.00. Following the completion of the sale, the director now directly owns 16,626 shares of the company’s stock, valued at $310,074.90. The disclosure for this sale can be found here. Insiders sold a total of 91,550 shares of company stock valued at $1,720,066 over the last three months. 3.70% of the stock is owned by corporate insiders.
Nautilus Group, Inc. (The) Company Profile
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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