SunTrust analyst Michael Swartz lowered his price target on Nautilus to $7 and kept his Hold rating after its Q4 results and its limited update on FY19 guidance, saying the company's headwinds around Direct-To-Consumer and retail units look to continue through the first half of the year. The analyst cites the management's expectations of de-stocking period continuing into Q2 and its decision to dial back on media investment in the near term. Swartz further contends that investors will "need to see signs that Nautilus can fend off consumer equipment upstarts and stabilize its key Bowflex brand in coming quarters."