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

Malibu Boats, Inc. (NASDAQ:MBUUGet Free Report) has been given a consensus rating of “Hold” by the seven ratings firms that are covering the stock, Marketbeat reports. Four research 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 analysts that have issued ratings on the stock in the last year is $42.83.

MBUU has been the subject of several recent analyst reports. Truist Financial raised their target price on Malibu Boats from $34.00 to $38.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. KeyCorp reduced their price objective on shares of Malibu Boats from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Benchmark reaffirmed a “buy” rating and set a $44.00 target price on shares of Malibu Boats in a research note on Tuesday, February 4th. B. Riley raised shares of Malibu Boats to a “hold” rating in a research note on Wednesday, February 12th. Finally, StockNews.com raised shares of Malibu Boats from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th.

View Our Latest Stock Analysis on Malibu Boats

Institutional Trading of Malibu Boats

A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in Malibu Boats by 8.2% in the third quarter. Geode Capital Management LLC now owns 576,070 shares of the company’s stock valued at $22,361,000 after purchasing an additional 43,769 shares during the period. Meros Investment Management LP acquired a new position in shares of Malibu Boats during the third quarter worth about $4,117,000. Empowered Funds LLC increased its stake in shares of Malibu Boats by 38.8% during the third quarter. Empowered Funds LLC now owns 66,606 shares of the company’s stock worth $2,585,000 after buying an additional 18,636 shares during the period. Barclays PLC raised its holdings in Malibu Boats by 92.6% in the third quarter. Barclays PLC now owns 46,919 shares of the company’s stock valued at $1,820,000 after acquiring an additional 22,556 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Malibu Boats by 6.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 121,711 shares of the company’s stock worth $4,575,000 after acquiring an additional 7,186 shares during the last quarter. Hedge funds and other institutional investors own 91.35% of the company’s stock.

Malibu Boats Trading Up 2.0 %

Shares of MBUU stock opened at $31.32 on Monday. Malibu Boats has a twelve month low of $29.69 and a twelve month high of $47.82. The stock has a market cap of $614.97 million, a price-to-earnings ratio of -7.20 and a beta of 1.42. The company’s 50-day moving average price is $35.39 and its 200-day moving average price is $38.57. The company has a current ratio of 1.52, a quick ratio of 0.45 and a debt-to-equity ratio of 0.04.

Malibu Boats (NASDAQ:MBUUGet Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). Malibu Boats had a negative net margin of 12.09% and a positive return on equity of 1.04%. As a group, equities analysts predict that Malibu Boats will post 1.69 earnings per share for the current year.

Malibu Boats Company Profile

(Get Free Report

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.

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Analyst Recommendations for Malibu Boats (NASDAQ:MBUU)

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