Brokerages Set Malibu Boats, Inc. (NASDAQ:MBUU) PT at $39.83

Malibu Boats, Inc. (NASDAQ:MBUU) has received a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $38.17.

A number of brokerages have recently commented on MBUU. DA Davidson raised Malibu Boats to a “hold” rating in a research report on Monday. B. Riley raised Malibu Boats to a “hold” rating in a research note on Wednesday, February 12th. Truist Financial lowered their price target on Malibu Boats from $38.00 to $28.00 and set a “hold” rating for the company in a research report on Monday. Robert W. Baird reissued a “neutral” rating and set a $32.00 price objective (down from $50.00) on shares of Malibu Boats in a research report on Friday, April 4th. Finally, StockNews.com raised shares of Malibu Boats from a “sell” rating to a “hold” rating in a report on Tuesday.

Institutional Investors Weigh In On Malibu Boats

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC bought a new position in shares of Malibu Boats during the 4th quarter valued at $38,000. Quarry LP bought a new position in Malibu Boats in the fourth quarter valued at about $45,000. Central Pacific Bank Trust Division boosted its position in Malibu Boats by 11.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock worth $136,000 after purchasing an additional 368 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Malibu Boats during the 4th quarter valued at about $150,000. Finally, GAMMA Investing LLC increased its position in shares of Malibu Boats by 2,154.4% during the 1st quarter. GAMMA Investing LLC now owns 4,847 shares of the company’s stock valued at $158,000 after purchasing an additional 4,632 shares during the last quarter. Hedge funds and other institutional investors own 91.35% of the company’s stock.

Malibu Boats Price Performance

MBUU opened at $26.64 on Friday. 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 cap of $523.08 million, a price-to-earnings ratio of -6.12 and a beta of 1.27. The stock has a fifty day simple moving average of $31.64 and a two-hundred day simple moving average of $37.13. Malibu Boats has a 12-month low of $24.43 and a 12-month high of $47.82.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly 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 negative net margin of 12.09% and a positive return on equity of 1.04%. Research analysts predict that Malibu Boats will post 1.69 earnings per share for the current fiscal year.

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.