Shares of Malibu Boats, Inc. (NASDAQ:MBUU – Get Free Report) have earned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $31.60.
Several research analysts have recently issued reports on MBUU shares. Zacks Research cut shares of Malibu Boats from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. Weiss Ratings raised Malibu Boats from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, August 27th. Truist Financial lifted their target price on Malibu Boats from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Monday, July 6th. Benchmark restated a “buy” rating on shares of Malibu Boats in a report on Friday, August 28th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Malibu Boats in a research report on Monday, August 31st.
View Our Latest Stock Analysis on MBUU
Hedge Funds Weigh In On Malibu Boats
A number of hedge funds and other institutional investors have recently modified their holdings of MBUU. Fort Washington Investment Advisors Inc. OH lifted its stake in Malibu Boats by 10.6% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 865,239 shares of the company’s stock valued at $19,831,000 after buying an additional 82,777 shares in the last quarter. Central Pacific Bank Trust Division boosted its holdings in shares of Malibu Boats by 11.9% in the third quarter. Central Pacific Bank Trust Division now owns 5,934 shares of the company’s stock worth $136,000 after buying an additional 630 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Malibu Boats in the second quarter worth approximately $206,000. Engineers Gate Manager LP purchased a new position in shares of Malibu Boats in the second quarter worth approximately $1,033,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Malibu Boats in the second quarter worth approximately $316,000. Institutional investors and hedge funds own 91.35% of the company’s stock.
Malibu Boats Trading Down 1.9%
Shares of MBUU opened at $22.26 on Tuesday. The company has a market capitalization of $438.08 million, a P/E ratio of 318.00 and a beta of 1.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.60 and a current ratio of 1.43. The stock has a 50-day moving average price of $25.48 and a 200 day moving average price of $26.38. Malibu Boats has a one year low of $21.16 and a one year high of $34.97.
Malibu Boats (NASDAQ:MBUU – Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.14. Malibu Boats had a return on equity of 4.78% and a net margin of 0.18%. The firm had revenue of $295.54 million during the quarter, compared to analyst estimates of $263.89 million. During the same period in the previous year, the company earned $0.42 earnings per share. Malibu Boats’s quarterly revenue was up 42.8% on a year-over-year basis. Sell-side analysts forecast that Malibu Boats will post 2.18 EPS for the current fiscal year.
Malibu Boats Company Profile
Malibu Boats, Inc is a recreational powerboat manufacturer headquartered in Loudon, Tennessee. Founded in 1982, the company designs and produces boats for water sports, cruising, fishing and general recreational use, selling its products through a network of independent dealers.
Its brand portfolio includes Malibu and Axis, which focus on wake and water-sports boats, as well as Pursuit, Maverick, Cobia, Pathfinder and Hewes, which offer a range of offshore, center-console and inshore fishing boats.
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