Malibu Boats, Inc. (NASDAQ:MBUU) Given Average Recommendation of “Hold” by Analysts

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

A number of equities analysts recently weighed in on the stock. Truist Financial lowered their price objective on shares of Malibu Boats from $42.00 to $34.00 and set a “hold” rating on the stock in a research report on Tuesday, January 7th. DA Davidson cut shares of Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price target for the company. in a report on Friday, November 1st. Robert W. Baird lifted their price objective on Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 1st. StockNews.com raised Malibu Boats to a “sell” rating in a research note on Saturday, November 2nd. Finally, Benchmark restated a “buy” rating and issued a $44.00 price target on shares of Malibu Boats in a research note on Friday, November 1st.

Institutional Trading of Malibu Boats

Institutional investors have recently bought and sold shares of the company. Pzena Investment Management LLC raised its stake in shares of Malibu Boats by 5.2% during the 3rd quarter. Pzena Investment Management LLC now owns 1,555,331 shares of the company’s stock worth $60,362,000 after buying an additional 77,015 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Malibu Boats by 154.8% in the third quarter. Wellington Management Group LLP now owns 1,476,976 shares of the company’s stock valued at $57,321,000 after purchasing an additional 897,387 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Malibu Boats by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,131,877 shares of the company’s stock valued at $39,661,000 after purchasing an additional 111,699 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Malibu Boats by 94.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 843,605 shares of the company’s stock worth $29,560,000 after purchasing an additional 409,574 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Malibu Boats by 8.2% during the 3rd quarter. Geode Capital Management LLC now owns 576,070 shares of the company’s stock worth $22,361,000 after purchasing an additional 43,769 shares during the last quarter. 91.35% of the stock is currently owned by hedge funds and other institutional investors.

Malibu Boats Stock Performance

Shares of 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 PE ratio of -9.58 and a beta of 1.32. The company’s 50 day simple moving average is $39.27 and its 200-day simple 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 posted its quarterly earnings data on Thursday, October 31st. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.16. The firm had revenue of $171.60 million during the quarter, compared to the consensus estimate of $165.33 million. Malibu Boats had a positive return on equity of 2.39% and a negative net margin of 10.90%. The firm’s revenue was down 32.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 EPS. As a group, equities analysts predict that Malibu Boats will post 2.06 EPS for the current year.

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.