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

Malibu Boats, Inc. (NASDAQ:MBUU) has earned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $44.57.

A number of equities research analysts have commented on MBUU shares. DA Davidson downgraded Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a report on Friday, November 1st. Truist Financial raised their price objective on shares of Malibu Boats from $32.00 to $42.00 and gave the company a “hold” rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Malibu Boats to a “sell” rating in a research report on Saturday, November 2nd. KeyCorp increased their target price on shares of Malibu Boats from $38.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Robert W. Baird boosted their price target on Malibu Boats from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st.

Institutional Trading of Malibu Boats

Large investors have recently modified their holdings of the business. Central Pacific Bank Trust Division raised its position in shares of Malibu Boats by 11.3% during the 4th 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. Studio Investment Management LLC grew its holdings in Malibu Boats by 53.7% during the 3rd quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock valued at $42,000 after buying an additional 380 shares during the last quarter. Principal Financial Group Inc. increased its position in 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 buying an additional 435 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Malibu Boats by 10.4% in the second quarter. Bank of Montreal Can now owns 12,427 shares of the company’s stock worth $442,000 after acquiring an additional 1,170 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Malibu Boats by 31.6% in the third quarter. SG Americas Securities LLC now owns 5,212 shares of the company’s stock worth $202,000 after acquiring an additional 1,252 shares during the last quarter. 91.35% of the stock is currently owned by institutional investors and hedge funds.

Malibu Boats Price Performance

Shares of NASDAQ:MBUU opened at $37.29 on Wednesday. Malibu Boats has a 52 week low of $30.20 and a 52 week high of $54.31. The company has a 50-day moving average price of $41.44 and a 200 day moving average price of $38.47. The company has a market cap of $735.17 million, a P/E ratio of -9.37 and a beta of 1.32. The company has a quick ratio of 0.52, a current ratio of 1.55 and a debt-to-equity ratio of 0.05.

Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.08 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 period last year, the firm earned $1.07 EPS. The company’s quarterly revenue was down 32.9% compared to the same quarter last year. Research analysts predict that Malibu Boats will post 2.01 earnings per share for the current year.

About Malibu Boats

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.