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

Malibu Boats, Inc. (NASDAQ:MBUU) has earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $42.71.

MBUU has been the topic of several analyst reports. DA Davidson cut Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a report on Friday, November 1st. KeyCorp lowered their price target on Malibu Boats from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Benchmark reiterated a “buy” rating and set a $44.00 price objective on shares of Malibu Boats in a report on Friday, November 1st. StockNews.com upgraded shares of Malibu Boats to a “sell” rating in a report on Saturday, November 2nd. Finally, Truist Financial cut their price target on shares of Malibu Boats from $42.00 to $34.00 and set a “hold” rating on the stock in a research note on Tuesday, January 7th.

Malibu Boats Price Performance

NASDAQ:MBUU opened at $38.12 on Friday. Malibu Boats has a 12-month low of $30.20 and a 12-month high of $52.18. The firm has a market cap of $751.73 million, a price-to-earnings ratio of -9.58 and a beta of 1.32. The company’s 50-day moving average is $39.27 and its two-hundred day moving average is $38.65. The company has a current ratio of 1.55, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.16. The business had revenue of $171.60 million for the quarter, compared to the consensus estimate of $165.33 million. Malibu Boats had a negative net margin of 10.90% and a positive return on equity of 2.39%. The company’s quarterly revenue was down 32.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 earnings per share. Research analysts expect that Malibu Boats will post 2.06 EPS for the current year.

Institutional Investors Weigh In On Malibu Boats

Large investors have recently made changes to their positions in the business. Heck Capital Advisors LLC purchased a new stake in Malibu Boats during the 4th quarter worth $38,000. Studio Investment Management LLC boosted its position in shares of Malibu Boats by 53.7% in the third quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock worth $42,000 after buying an additional 380 shares during the period. nVerses Capital LLC purchased a new stake in shares of Malibu Boats in the third quarter worth about $74,000. Central Pacific Bank Trust Division grew its stake in shares of Malibu Boats by 11.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock valued at $136,000 after buying an additional 368 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Malibu Boats by 31.6% during the 3rd quarter. SG Americas Securities LLC now owns 5,212 shares of the company’s stock valued at $202,000 after buying an additional 1,252 shares during the period. Institutional investors and hedge funds own 91.35% of the company’s stock.

Malibu Boats Company Profile

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.