Blue Bird (NASDAQ:BLBD) Hits New 12-Month Low - Time to Sell?

Blue Bird Co. (NASDAQ:BLBD - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $31.00 and last traded at $31.33, with a volume of 35229 shares changing hands. The stock had previously closed at $32.62.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BLBD. StockNews.com downgraded shares of Blue Bird from a "buy" rating to a "hold" rating in a report on Wednesday. Craig Hallum lifted their price objective on shares of Blue Bird from $68.00 to $71.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Bank of America decreased their target price on shares of Blue Bird from $66.00 to $63.50 and set a "buy" rating for the company in a research note on Tuesday, November 26th. Finally, Needham & Company LLC decreased their target price on shares of Blue Bird from $66.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Blue Bird presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.21.

Blue Bird Stock Performance

The stock's 50-day moving average price is $37.60 and its 200-day moving average price is $41.97. The company has a market cap of $1.09 billion, a P/E ratio of 10.50, a PEG ratio of 0.84 and a beta of 1.56. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73.

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Blue Bird (NASDAQ:BLBD - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. Blue Bird had a net margin of 8.05% and a return on equity of 75.22%. Equities analysts anticipate that Blue Bird Co. will post 3.86 EPS for the current year.

Insider Activity

In related news, CFO Razvan Radulescu sold 19,171 shares of the business's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $42.89, for a total value of $822,244.19. Following the completion of the transaction, the chief financial officer now owns 89,347 shares of the company's stock, valued at $3,832,092.83. The trade was a 17.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BLBD. FMR LLC raised its stake in Blue Bird by 162.8% during the fourth quarter. FMR LLC now owns 4,840,198 shares of the company's stock worth $186,977,000 after acquiring an additional 2,998,453 shares in the last quarter. First Trust Advisors LP boosted its holdings in Blue Bird by 355.3% in the fourth quarter. First Trust Advisors LP now owns 883,404 shares of the company's stock valued at $34,126,000 after acquiring an additional 689,394 shares during the last quarter. Millennium Management LLC boosted its holdings in Blue Bird by 236.7% in the fourth quarter. Millennium Management LLC now owns 774,175 shares of the company's stock valued at $29,906,000 after acquiring an additional 544,248 shares during the last quarter. Intrinsic Edge Capital Management LLC boosted its holdings in Blue Bird by 540.2% in the fourth quarter. Intrinsic Edge Capital Management LLC now owns 540,435 shares of the company's stock valued at $20,877,000 after acquiring an additional 456,015 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Blue Bird by 66.5% during the 4th quarter. Bank of America Corp DE now owns 782,466 shares of the company's stock worth $30,227,000 after buying an additional 312,493 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company's stock.

Blue Bird Company Profile

Blue Bird Corporation, together with its subsidiaries, designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally. The company operates through two segments, Bus and Parts. It offers Type C, Type D, and specialty buses; and alternative power options through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines.