Malibu Boats (NASDAQ:MBUU) Sets New 12-Month Low – What’s Next?

Malibu Boats, Inc. (NASDAQ:MBUU) reached a new 52-week low on Monday . The company traded as low as $25.10 and last traded at $28.75, with a volume of 282 shares. The stock had previously closed at $28.51.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Malibu Boats from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Truist Financial increased their target price on Malibu Boats from $34.00 to $38.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Robert W. Baird restated a “neutral” rating and set a $32.00 price target (down from $50.00) on shares of Malibu Boats in a report on Friday. B. Riley upgraded shares of Malibu Boats to a “hold” rating in a report on Wednesday, February 12th. Finally, Benchmark reaffirmed a “buy” rating and set a $44.00 price target on shares of Malibu Boats in a research note on Tuesday, February 4th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $39.83.

Malibu Boats Price Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 0.45. The firm has a market capitalization of $557.28 million, a price-to-earnings ratio of -6.39 and a beta of 1.27. The business’s fifty day simple moving average is $33.71 and its 200 day simple moving average is $37.87.

Malibu Boats (NASDAQ:MBUU) last issued its earnings results on Thursday, January 30th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Malibu Boats had a negative net margin of 12.09% and a positive return on equity of 1.04%. On average, research analysts forecast that Malibu Boats, Inc. will post 1.69 EPS for the current year.

Institutional Investors Weigh In On Malibu Boats

Hedge funds and other institutional investors have recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new stake in Malibu Boats in the 4th quarter valued at $38,000. Quarry LP acquired a new position in shares of Malibu Boats during the fourth quarter valued at about $45,000. Central Pacific Bank Trust Division increased its position in shares of Malibu Boats by 11.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock worth $136,000 after acquiring an additional 368 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Malibu Boats in the 4th quarter worth about $150,000. Finally, ProShare Advisors LLC acquired a new position in Malibu Boats during the 4th quarter valued at about $207,000. Institutional investors own 91.35% of the company’s stock.

About Malibu Boats

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.