Malibu Boats, Inc. (NASDAQ:MBUU) Receives Average Rating of “Hold” from Analysts

Malibu Boats, Inc. (NASDAQ:MBUU) has earned an average recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $44.57.

A number of equities research analysts have commented on the stock. Benchmark reissued a “buy” rating and issued a $44.00 price objective on shares of Malibu Boats in a research report on Friday, November 1st. KeyCorp increased their target price on Malibu Boats from $38.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, November 1st. StockNews.com upgraded Malibu Boats to a “sell” rating in a research note on Saturday, November 2nd. DA Davidson cut Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research report on Friday, November 1st. Finally, Truist Financial raised their target price on Malibu Boats from $32.00 to $42.00 and gave the stock a “hold” rating in a research report on Friday, November 1st.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MBUU. Central Pacific Bank Trust Division grew its holdings in shares of Malibu Boats by 11.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock worth $136,000 after buying an additional 368 shares during the last quarter. Studio Investment Management LLC increased its holdings in shares of Malibu Boats by 53.7% in the third 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 period. Principal Financial Group Inc. raised its stake in shares of Malibu Boats by 4.7% during the second quarter. Principal Financial Group Inc. now owns 9,728 shares of the company’s stock worth $341,000 after purchasing an additional 435 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Malibu Boats by 10.4% during the second quarter. Bank of Montreal Can now owns 12,427 shares of the company’s stock worth $442,000 after purchasing an additional 1,170 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Malibu Boats by 31.6% during the third quarter. SG Americas Securities LLC now owns 5,212 shares of the company’s stock worth $202,000 after purchasing an additional 1,252 shares during the period. 91.35% of the stock is currently owned by institutional investors and hedge funds.

Malibu Boats Trading Up 2.5 %

NASDAQ:MBUU opened at $37.29 on Wednesday. Malibu Boats has a 12-month low of $30.20 and a 12-month high of $54.31. The firm has a market cap of $735.17 million, a PE ratio of -9.37 and a beta of 1.32. The company has a current ratio of 1.55, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average price of $41.44 and a 200 day moving average price of $38.47.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.16. Malibu Boats had a positive return on equity of 2.39% and a negative net margin of 10.90%. The business had revenue of $171.60 million during the quarter, compared to analysts’ expectations of $165.33 million. During the same quarter last year, the business posted $1.07 EPS. The business’s quarterly revenue was down 32.9% compared to the same quarter last year. Sell-side analysts anticipate that Malibu Boats will post 2.01 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.