Malibu Boats (NASDAQ:MBUU – Get Free Report)‘s stock had its “neutral” rating reiterated by equities research analysts at B. Riley Financial in a note issued to investors on Friday, Benzinga reports. They currently have a $22.00 target price on the stock, down from their prior target price of $30.00. B. Riley Financial‘s target price points to a potential upside of 6.77% from the company’s current price.
A number of other analysts also recently commented on MBUU. Zacks Research downgraded Malibu Boats from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Benchmark restated a “buy” rating on shares of Malibu Boats in a research report on Friday, August 28th. Raymond James Financial reaffirmed a “market perform” rating on shares of Malibu Boats in a research note on Monday, August 31st. Weiss Ratings upgraded shares of Malibu Boats from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, August 27th. Finally, Wall Street Zen lowered shares of Malibu Boats from a “buy” rating to a “hold” rating in a research report on Sunday, November 1st. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Malibu Boats presently has an average rating of “Hold” and a consensus target price of $28.40.
Get Our Latest Stock Analysis on MBUU
Malibu Boats Price Performance
Shares of NASDAQ:MBUU traded down $0.04 during trading on Friday, hitting $20.61. 104,500 shares of the stock were exchanged, compared to its average volume of 282,249. The company has a market cap of $405.51 million, a PE ratio of 295.90 and a beta of 1.20. The company has a current ratio of 1.43, a quick ratio of 0.60 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average price of $23.72 and a two-hundred day moving average price of $26.88. Malibu Boats has a 12-month low of $19.46 and a 12-month high of $34.97.
Malibu Boats (NASDAQ:MBUU – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). Malibu Boats had a net margin of 0.18% and a return on equity of 4.78%. The firm had revenue of $252.94 million during the quarter, compared to analysts’ expectations of $257.64 million. During the same period in the previous year, the business earned $0.15 earnings per share. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, analysts forecast that Malibu Boats will post 2.18 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of MBUU. Penn Capital Management Company LLC lifted its stake in Malibu Boats by 39.9% in the 3rd quarter. Penn Capital Management Company LLC now owns 47,574 shares of the company’s stock valued at $1,090,000 after buying an additional 13,561 shares in the last quarter. Villanova Investment Management Co grew its holdings in Malibu Boats by 10.0% during the 3rd quarter. Villanova Investment Management Co now owns 49,634 shares of the company’s stock valued at $1,138,000 after buying an additional 4,510 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in Malibu Boats by 10.6% during the 3rd 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 during the last quarter. Central Pacific Bank Trust Division increased its position in Malibu Boats by 11.9% during 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 in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in Malibu Boats during the second quarter worth $206,000. 91.35% of the stock is currently owned by institutional investors and hedge funds.
Malibu Boats Company Profile
Malibu Boats, Inc is a recreational powerboat manufacturer headquartered in Loudon, Tennessee. The company designs, manufactures and sells boats for watersports, boating and fishing activities, serving consumers through a network of independent dealers in the United States and international markets.
Its portfolio includes Malibu and Axis wake and watersports boats, as well as a range of saltwater and freshwater fishing and offshore boats sold under brands including Pursuit, Maverick, Cobia, Pathfinder and Hewes.
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