Malibu Boats (NASDAQ:MBUU) Reaches New 12-Month Low at $36.39

Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) reached a new 52-week low on Monday . The company traded as low as $36.39 and last traded at $36.70, with a volume of 69098 shares. The stock had previously closed at $38.48.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Robert W. Baird restated an "outperform" rating and issued a $54.00 price target on shares of Malibu Boats in a report on Friday, January 19th. KeyCorp cut their target price on Malibu Boats from $58.00 to $50.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 31st. Truist Financial cut their target price on Malibu Boats from $62.00 to $52.00 and set a "buy" rating on the stock in a research report on Wednesday, January 31st. StockNews.com raised Malibu Boats from a "sell" rating to a "hold" rating in a research report on Monday, February 26th. Finally, B. Riley cut their target price on Malibu Boats from $56.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Malibu Boats presently has an average rating of "Hold" and a consensus price target of $50.00.

Malibu Boats Stock Performance

The firm has a market capitalization of $738.34 million, a price-to-earnings ratio of 11.58 and a beta of 1.37. The company has a 50-day moving average of $43.01 and a 200-day moving average of $46.72. The company has a current ratio of 1.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.06.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.10. The firm had revenue of $211.07 million during the quarter, compared to the consensus estimate of $219.64 million. Malibu Boats had a return on equity of 24.23% and a net margin of 5.32%. The firm's revenue was down 37.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.78 EPS. On average, equities research analysts forecast that Malibu Boats, Inc. will post 2.57 earnings per share for the current fiscal year.

Insider Transactions at Malibu Boats

In other Malibu Boats news, insider Michael K. Hooks purchased 12,500 shares of the firm's stock in a transaction dated Thursday, February 22nd. The stock was bought at an average price of $42.82 per share, with a total value of $535,250.00. Following the completion of the purchase, the insider now owns 12,500 shares in the company, valued at approximately $535,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.62% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MBUU. IFP Advisors Inc purchased a new stake in Malibu Boats in the 3rd quarter worth about $25,000. Quarry LP acquired a new position in shares of Malibu Boats during the 2nd quarter valued at about $25,000. Public Employees Retirement System of Ohio increased its holdings in shares of Malibu Boats by 44.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 560 shares of the company's stock valued at $27,000 after acquiring an additional 173 shares during the last quarter. Comerica Bank acquired a new position in shares of Malibu Boats during the 3rd quarter valued at about $27,000. Finally, Ensign Peak Advisors Inc acquired a new position in shares of Malibu Boats during the 3rd quarter valued at about $29,000. Institutional investors own 91.35% of the company's stock.

Malibu Boats Company Profile

Malibu Boats, Inc designs, engineers, manufactures, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company provides performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands.