Malibu Boats downgraded by Robert W. Baird with a new price target
$MBUU
Marine Transportation
Industrials
Robert W. Baird downgraded Malibu Boats from Outperform to Neutral and set a new price target of $32.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/3/2025 | $33.00 | Neutral | DA Davidson |
| 4/4/2025 | $32.00 | Outperform → Neutral | Robert W. Baird |
| 3/20/2025 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 11/1/2024 | $45.00 | Buy → Neutral | DA Davidson |
| 7/24/2024 | $45.00 | Neutral → Buy | DA Davidson |
| 7/24/2024 | $45.00 | Buy → Neutral | DA Davidson |
| 7/8/2024 | $32.00 | Buy → Hold | Truist |
| 5/22/2024 | $44.00 | Buy | The Benchmark Company |
8-K - MALIBU BOATS, INC. (0001590976) (Filer)
SD - MALIBU BOATS, INC. (0001590976) (Filer)
SCHEDULE 13G/A - MALIBU BOATS, INC. (0001590976) (Subject)
LOUDON, Tenn., June 24, 2025 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU), a leading designer, manufacturer and marketer of a diverse range of recreational powerboats, announced today that Melanie Cook, former Chief Operating Officer of GE Appliances, has been appointed to the Company's Board of Directors as an independent director, effective immediately. Ms. Cook will serve on the Audit Committee and the Nominating and Governance Committee. "We are excited to welcome Melanie to our board," said Michael Hooks, Chair of the Board. "Her deep operational expertise and global manufacturing background bring valuable perspective as we continue strengthening our board and advancing M
LOUDON, Tenn., June 18, 2025 (GLOBE NEWSWIRE) -- Malibu Boats, the world's best-selling wakeboat brand, is thrilled to announce the continuation of its long-standing partnership with General Motors, naming Chevrolet as the Official Vehicle Brand of Malibu Boats. This partnership reinforces Malibu Boats' commitment to excellence and innovation, extending their exclusive collaboration with GM Marine for the vertical integration of the Monsoon Line of engines at the Malibu Boats Factory in Loudon, TN. "GM's partnership with Malibu Boats is a natural fit," said Rachael Green, Sr VP, Operations & Engineering at Malibu Boats. "Malibu and GM share a commitment to using cutting-edge technology to
LOUDON, Tenn., June 06, 2025 (GLOBE NEWSWIRE) -- Malibu Boats, the global leader in watersports towboat innovation, is proud to welcome Aquaknox Marine to its world-class dealer network. Based in Knoxville, Tennessee, Aquaknox will now represent Malibu Boats at both of its East Tennessee locations—Aquaknox West Knoxville at Fox Road Marina on Fort Loudoun Lake and Aquaknox Norris Lake at Shanghai Resort Marina in Lafollette. Founded in 2008 by Bryan Courtney, Aquaknox Marine was built on a mission to provide a higher standard of professionalism in the boating industry—starting with transparency, honesty, and a deep respect for the customer experience. In an industry where service can of
DA Davidson resumed coverage of Malibu Boats with a rating of Neutral and set a new price target of $33.00
Robert W. Baird downgraded Malibu Boats from Outperform to Neutral and set a new price target of $32.00
KeyBanc Capital Markets downgraded Malibu Boats from Overweight to Sector Weight
4 - MALIBU BOATS, INC. (0001590976) (Issuer)
4 - MALIBU BOATS, INC. (0001590976) (Issuer)
4 - MALIBU BOATS, INC. (0001590976) (Issuer)
4 - MALIBU BOATS, INC. (0001590976) (Issuer)
4 - MALIBU BOATS, INC. (0001590976) (Issuer)
SC 13G - MALIBU BOATS, INC. (0001590976) (Subject)
SC 13G/A - MALIBU BOATS, INC. (0001590976) (Subject)
SC 13G - MALIBU BOATS, INC. (0001590976) (Subject)
LOUDON, Tenn., June 24, 2025 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU), a leading designer, manufacturer and marketer of a diverse range of recreational powerboats, announced today that Melanie Cook, former Chief Operating Officer of GE Appliances, has been appointed to the Company's Board of Directors as an independent director, effective immediately. Ms. Cook will serve on the Audit Committee and the Nominating and Governance Committee. "We are excited to welcome Melanie to our board," said Michael Hooks, Chair of the Board. "Her deep operational expertise and global manufacturing background bring valuable perspective as we continue strengthening our board and advancing M
LOUDON, Tenn., Nov. 29, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) announced today that Ritchie Anderson, President, will retire effective February 7, 2025. He will continue in his role as President until that date. Upon Mr. Anderson's retirement, Steve Menneto, the Company's Chief Executive Officer, will become President of Malibu Boats, Inc., with Donna Tallent, Senior Vice President of Operations, assuming leadership for MBI operations. Both Ms. Tallent and the Brand Presidents will report directly to Mr. Menneto, Chief Executive Officer. Mr. Anderson's distinguished career in the powerboat manufacturing industry spans over four decades, including 12 years with Malibu Bo
LOUDON, Tenn., July 22, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) today announced the appointment of Steven D. Menneto as its new Chief Executive Officer ("CEO"), effective August 5, 2024. Mr. Menneto will also join Malibu Boats' Board of Directors (the "Board"), which will increase from nine to ten members. In connection with Mr. Menneto's appointment, the Office of the CEO, consisting of Ritchie Anderson, the Company's President, as well as Michael K. Hooks, the Chair of the Board, will end. Mr. Hooks will remain Board Chair and Mr. Anderson will remain President of the Company. Mr. Menneto joins Malibu Boats from Polaris, where he was most recently President of the Off-
LOUDON, Tenn., May 08, 2025 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) today announced its financial results for the third quarter ended March 31, 2025. Third Quarter Fiscal 2025 Highlights Compared to Third Quarter Fiscal 2024: Net sales increased 12.4% to $228.7 millionUnit volume increased 12.8% to 1,431 unitsGross profit increased 13.4% to $45.7 millionGAAP net income increased 119.4% to $13.2 millionGAAP net income available to Class A Common Stock per share (diluted) increased 120.1% to $0.66 per shareAdjusted EBITDA increased 16.0% to $28.3 millionAdjusted fully distributed net income per share increased 14.3% to $0.72 per share on a fully distributed weighted-average s
LOUDON, Tenn., April 25, 2025 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) announced today that it will release its third quarter fiscal 2025 financial results on Thursday, May 8, 2025, before the market opens. Following the release, the company's management will host a conference call to discuss the results at 8:30 a.m. Eastern Time on the same day. The call will be hosted by Malibu's Chief Executive Officer, Steve Menneto, and Chief Financial Officer, Bruce Beckman. Investors and analysts are invited to listen to the conference call by dialing (844) 695-5523 or (412) 317-0699. Alternatively, interested parties can listen to a live webcast of the conference call by logging on to
LOUDON, Tenn., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) today announced its financial results for the second quarter ended December 31, 2024. Second Quarter Fiscal 2025 Highlights Compared to Second Quarter Fiscal 2024: Net sales decreased 5.1% to $200.3 millionUnit volume decreased 11.0% to 1,222 unitsGross profit decreased 0.2% to $37.4 millionGAAP net income decreased 76.1% to $2.4 millionGAAP net income available to Class A Common Stock per share (diluted) decreased 76% to $0.12 per shareAdjusted EBITDA decreased 26.3% to $16.9 millionAdjusted fully distributed net income per share decreased 46% to $0.31 per share on a fully distributed weighted-average sha