Brokerages Set Malibu Boats, Inc. (NASDAQ:MBUU) Price Target at $31.20

Shares of Malibu Boats, Inc. (NASDAQ:MBUUGet Free Report) have received an average recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $31.20.

MBUU has been the subject of a number of recent analyst reports. 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. Griffin Securities set a $30.00 price target on shares of Malibu Boats in a research report on Tuesday, March 3rd. Weiss Ratings downgraded shares of Malibu Boats from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 11th. Wall Street Zen raised shares of Malibu Boats from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Zacks Research downgraded shares of Malibu Boats from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th.

Read Our Latest Stock Analysis on MBUU

Institutional Trading of Malibu Boats

A number of hedge funds have recently made changes to their positions in MBUU. Intesa Sanpaolo Wealth Management bought a new stake in shares of Malibu Boats during the 4th quarter worth $31,000. BNP Paribas Financial Markets lifted its holdings in shares of Malibu Boats by 43.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,128 shares of the company’s stock worth $67,000 after acquiring an additional 643 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Malibu Boats by 346.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,321 shares of the company’s stock worth $73,000 after acquiring an additional 1,801 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Malibu Boats by 108.5% during the 4th quarter. Russell Investments Group Ltd. now owns 3,301 shares of the company’s stock worth $93,000 after acquiring an additional 1,718 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Malibu Boats during the 1st quarter worth $123,000. 91.35% of the stock is owned by institutional investors.

Malibu Boats Stock Down 2.3%

MBUU opened at $25.62 on Friday. The company has a fifty day moving average price of $25.97 and a 200-day moving average price of $28.37. The firm has a market capitalization of $503.18 million, a P/E ratio of -427.00 and a beta of 1.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.31 and a quick ratio of 0.44. Malibu Boats has a one year low of $23.84 and a one year high of $39.65.

Malibu Boats (NASDAQ:MBUUGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.27. The firm 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%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 EPS. Equities research analysts expect that Malibu Boats will post 1.08 earnings per share for the current fiscal 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.

Featured Stories

Analyst Recommendations for Malibu Boats (NASDAQ:MBUU)

Receive News & Ratings for Malibu Boats Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Malibu Boats and related companies with MarketBeat.com's FREE daily email newsletter.