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

Malibu Boats, Inc. (NASDAQ:MBUU) has been given an average rating of “Hold” by the seven brokerages that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $44.57.

A number of equities analysts have recently issued reports on MBUU shares. Benchmark reiterated a “buy” rating and set a $44.00 price objective on shares of Malibu Boats in a research note on Friday, November 1st. DA Davidson cut Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research report on Friday, November 1st. KeyCorp boosted their price target on Malibu Boats from $38.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Robert W. Baird raised their price objective on Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, StockNews.com raised shares of Malibu Boats to a “sell” rating in a research report on Saturday, November 2nd.

Malibu Boats Price Performance

Shares of MBUU stock opened at $42.21 on Friday. Malibu Boats has a twelve month low of $30.20 and a twelve month high of $56.03. The company has a current ratio of 1.55, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $42.41 and a two-hundred day simple moving average of $38.40. The stock has a market capitalization of $832.38 million, a price-to-earnings ratio of -10.61 and a beta of 1.30.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.16. The company had revenue of $171.60 million during the quarter, compared to analyst estimates of $165.33 million. Malibu Boats had a negative net margin of 10.90% and a positive return on equity of 2.39%. The firm’s revenue for the quarter was down 32.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share. On average, analysts predict that Malibu Boats will post 2.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Malibu Boats

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Studio Investment Management LLC grew its stake in shares of Malibu Boats by 264.4% during the second quarter. Studio Investment Management LLC now owns 707 shares of the company’s stock worth $25,000 after acquiring an additional 513 shares during the last quarter. nVerses Capital LLC purchased a new stake in Malibu Boats during the 3rd quarter worth approximately $74,000. SG Americas Securities LLC purchased a new position in shares of Malibu Boats in the second quarter worth $139,000. Benjamin Edwards Inc. raised its holdings in shares of Malibu Boats by 43.1% in the second quarter. Benjamin Edwards Inc. now owns 5,112 shares of the company’s stock worth $179,000 after buying an additional 1,539 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Malibu Boats by 851.7% during the third quarter. US Bancorp DE now owns 5,434 shares of the company’s stock valued at $211,000 after buying an additional 4,863 shares during the last quarter. 91.35% of the stock is currently owned by hedge funds and other institutional investors.

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.