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

Shares of Malibu Boats, Inc. (NASDAQ:MBUU) have earned a consensus recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $42.83.

MBUU has been the subject of a number of analyst reports. KeyCorp decreased 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. B. Riley raised Malibu Boats to a “hold” rating in a report on Wednesday, February 12th. Truist Financial increased their price target on Malibu Boats from $34.00 to $38.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. StockNews.com upgraded Malibu Boats from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, Benchmark reiterated a “buy” rating and set a $44.00 target price on shares of Malibu Boats in a research report on Tuesday, February 4th.

Malibu Boats Price Performance

Shares of MBUU opened at $31.32 on Monday. The company’s fifty day moving average price is $35.39 and its 200-day moving average price is $38.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 0.45. The firm has a market capitalization of $614.97 million, a PE ratio of -7.20 and a beta of 1.42. Malibu Boats has a 1-year low of $29.69 and a 1-year high of $47.82.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Malibu Boats had a positive return on equity of 1.04% and a negative net margin of 12.09%. On average, equities research analysts predict that Malibu Boats will post 1.69 EPS for the current year.

Institutional Trading of Malibu Boats

A number of institutional investors have recently made changes to their positions in MBUU. Heck Capital Advisors LLC purchased a new position in Malibu Boats in the 4th quarter valued at $38,000. Studio Investment Management LLC raised 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 valued at $42,000 after buying an additional 380 shares during the last quarter. Quarry LP purchased a new position in shares of Malibu Boats in the fourth quarter worth about $45,000. Central Pacific Bank Trust Division boosted its position in Malibu Boats by 11.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock worth $136,000 after acquiring an additional 368 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Malibu Boats during the 4th quarter valued at about $150,000. 91.35% of the stock is owned by institutional investors and hedge funds.

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.