Malibu Boats, Inc. (NASDAQ:MBUU) Receives $31.00 Average PT from Analysts

Malibu Boats, Inc. (NASDAQ:MBUUGet Free Report) has been given an average recommendation of “Hold” by the six research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $31.00.

Several analysts have recently weighed in on the stock. DA Davidson reiterated a “neutral” rating and issued a $30.00 price objective on shares of Malibu Boats in a research note on Thursday, June 4th. Zacks Research upgraded Malibu Boats from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. Weiss Ratings lowered Malibu Boats from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. Griffin Securities set a $30.00 target price on Malibu Boats in a research report on Tuesday, March 3rd. Finally, Truist Financial reduced their price target on shares of Malibu Boats from $34.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, April 27th.

Read Our Latest Stock Analysis on Malibu Boats

Institutional Trading of Malibu Boats

Several hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC acquired a new stake in Malibu Boats in the 1st quarter valued at $194,403,000. Pzena Investment Management LLC grew its position in Malibu Boats by 2.5% in the 4th quarter. Pzena Investment Management LLC now owns 1,721,957 shares of the company’s stock valued at $48,576,000 after purchasing an additional 41,713 shares during the period. Wellington Management Group LLP grew its position in Malibu Boats by 27.1% in the 4th quarter. Wellington Management Group LLP now owns 1,688,099 shares of the company’s stock valued at $47,621,000 after purchasing an additional 359,550 shares during the period. Cooke & Bieler LP grew its position in Malibu Boats by 1.5% in the 4th quarter. Cooke & Bieler LP now owns 1,567,404 shares of the company’s stock valued at $44,216,000 after purchasing an additional 23,313 shares during the period. Finally, Twin Lions Management LLC grew its position in Malibu Boats by 8.2% in the 4th quarter. Twin Lions Management LLC now owns 1,138,053 shares of the company’s stock valued at $32,104,000 after purchasing an additional 85,951 shares during the period. Institutional investors and hedge funds own 91.35% of the company’s stock.

Malibu Boats Stock Performance

NASDAQ:MBUU opened at $27.88 on Wednesday. The company has a fifty day moving average of $26.46 and a 200-day moving average of $28.46. The firm has a market capitalization of $547.56 million, a P/E ratio of -464.67 and a beta of 1.14. The company has a quick ratio of 0.44, a current ratio of 1.31 and a debt-to-equity ratio of 0.32. Malibu Boats has a twelve month low of $23.84 and a twelve month high of $39.65.

Malibu Boats (NASDAQ:MBUUGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.27. The company had revenue of $235.70 million during the quarter, compared to analyst estimates of $203.46 million. Malibu Boats had a negative net margin of 0.11% and a positive return on equity of 3.28%. Malibu Boats’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 EPS. As a group, sell-side analysts anticipate that Malibu Boats will post 1.37 EPS for the current year.

Malibu Boats Company Profile

(Get Free Report)

Malibu Boats, Inc is a leading designer, manufacturer and distributor of performance sport boats for the recreational boating market. The company’s product portfolio includes the premium Malibu® brand and the value-oriented Axis® Wake Research line, as well as Cobalt® boats following its 2020 acquisition. Malibu’s vessels are engineered to serve water-sports enthusiasts, with models optimized for wakeboarding, wakesurfing and waterskiing.

Founded in 1982 by water-sports enthusiast Jack Springer, Malibu Boats is headquartered in Loudon, Tennessee.

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Analyst Recommendations for Malibu Boats (NASDAQ:MBUU)

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