In a report published Monday, D.A. Davidson analyst Andrew Burns reiterated a Buy rating and $18.00 price target on Nautilus, Inc. (NYSE: NLS).
In the report, D.A. Davidson noted, “We expect a positive 4Q with continued momentum into 2015. In recent weeks we hosted investor meetings with NLS management and studied the exercise equipment retail landscape to gauge the traction of NLS' new and existing product lines. We are encouraged by management's strong execution and long-term growth vision. On the retail front, our checks show continued strength of the Schwinn cardio line and broad availability of the new Nautilus line across most key retailer ecommerce platforms. We believe both the direct and retail segments will perform during the important 4Q-1Q sales period. Similar to the last two years, Nautilus should provide a favorable business update on 4Q trends at the upcoming ICR XChange conference (Jan. 12th-14th).”
Nautilus closed on Friday at $14.74.
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