Insider Selling: Malibu Boats, Inc. (MBUU) VP Sells 1,497 Shares of Stock
Malibu Boats, Inc. (NASDAQ:MBUU) VP Deborah S. Kent sold 1,497 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $31.16, for a total value of $46,646.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Malibu Boats, Inc. (NASDAQ MBUU) traded down $0.52 on Friday, hitting $30.74. The stock had a trading volume of 352,050 shares, compared to its average volume of 191,784. Malibu Boats, Inc. has a one year low of $17.17 and a one year high of $33.35. The company has a market cap of $626.30, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.06 and a beta of 1.02. The company has a quick ratio of 0.71, a current ratio of 1.46 and a debt-to-equity ratio of 0.94.
Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings results on Thursday, September 7th. The company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. Malibu Boats had a return on equity of 54.78% and a net margin of 9.42%. The company had revenue of $75.11 million during the quarter, compared to analysts’ expectations of $73.35 million. During the same period in the prior year, the company earned $0.38 EPS. Malibu Boats’s revenue was up 12.6% compared to the same quarter last year. research analysts anticipate that Malibu Boats, Inc. will post 1.91 earnings per share for the current fiscal year.
Several research firms have weighed in on MBUU. BMO Capital Markets upped their target price on Malibu Boats from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. SunTrust Banks restated a “buy” rating and set a $34.00 target price on shares of Malibu Boats in a research note on Friday, November 10th. KeyCorp restated a “buy” rating and set a $33.00 target price on shares of Malibu Boats in a research note on Friday, November 10th. Zacks Investment Research upgraded Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research note on Saturday, November 11th. Finally, B. Riley restated a “neutral” rating and set a $29.50 target price (up from $25.50) on shares of Malibu Boats in a research note on Monday, November 6th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $32.31.
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Malibu Boats Company Profile
Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.
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