Malibu Boats (NASDAQ:MBUU) Hits New 12-Month Low – Should You Sell?

Malibu Boats, Inc. (NASDAQ:MBUU) hit a new 52-week low on Friday . The company traded as low as $29.19 and last traded at $29.83, with a volume of 201997 shares trading hands. The stock had previously closed at $30.81.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. StockNews.com upgraded Malibu Boats from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. B. Riley upgraded shares of Malibu Boats to a “hold” rating in a research note on Wednesday, February 12th. KeyCorp downgraded shares of Malibu Boats from an “overweight” rating to a “sector weight” rating in a research note on Thursday. Benchmark reissued a “buy” rating and issued a $44.00 target price on shares of Malibu Boats in a research report on Tuesday, February 4th. Finally, Truist Financial upped their target price on shares of Malibu Boats from $34.00 to $38.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Malibu Boats has a consensus rating of “Hold” and a consensus price target of $42.83.

Malibu Boats Stock Performance

The stock’s 50-day moving average price is $35.00 and its 200-day moving average price is $38.39. The company has a current ratio of 1.52, a quick ratio of 0.45 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $585.71 million, a P/E ratio of -6.86 and a beta of 1.42.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC acquired a new position in shares of Malibu Boats during the fourth quarter valued at $38,000. Studio Investment Management LLC lifted its position in Malibu Boats by 53.7% in the 3rd quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock valued at $42,000 after purchasing an additional 380 shares during the last quarter. Quarry LP bought a new stake in Malibu Boats in the 4th quarter valued at about $45,000. Central Pacific Bank Trust Division boosted its stake in Malibu Boats by 11.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock valued at $136,000 after purchasing an additional 368 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in Malibu Boats in the 4th quarter worth about $150,000. 91.35% of the stock is currently owned by institutional investors.

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.