In a report released today, Eric Wold from B.Riley FBR reiterated a Buy rating on Nautilus Group (NYSE: NLS), with a price target of $18. The company’s shares closed yesterday at $15.50.
Wold noted:
“After the close on Monday, 5/7, Nautilus (NLS) reported 1Q18 results that exceeded both our and consensus estimates for net sales and EBITDA/EPS. We came away from the results and callback with management increasingly positive around strengthening core Direct and Retail segment trends ahead of new product launches in 3Q. While all new product launches come with some level of risk, we believe the combination of the consolidated marketing push/message developed in recent quarters (bringing all brands together) along with both the Bowflex LateralX and Octane Max Trainer MTX having their genesis as successful products in other channels helps to lessen the upcoming risk profile meaningfully. Although NLS shares have experienced a solid 25%+ move higher in recent months, we believe the value of the brands and opportunity heading into 2019 remains underappreciated. We are increasing our 2018/2019 EBITDA/EPS estimates, reiterating our Buy rating and raising our PT from $16.75 to $18.00.”
According to TipRanks.com, Wold is a 4-star analyst with an average return of 7.5% and a 54.5% success rate. Wold covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, National Cinemedia, and AMC Entertainment.
Currently, the analyst consensus on Nautilus Group is Moderate Buy and the average price target is $15.40, representing a -0.6% downside.
In a report issued on April 23, Craig-Hallum also initiated coverage with a Buy rating on the stock with a $19 price target.
See today’s analyst top recommended stocks >>
Based on Nautilus Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $8.44 million. In comparison, last year the company had a net profit of $7.09 million.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Nautilus, Inc. engages in the provision of fitness products. It operates through the Direct and Retail segments. The Direct segment offers products directly to consumers through direct advertising, catalogs and the Internet.
