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

Shares of Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) have been assigned a consensus rating of "Hold" from the seven analysts that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $44.57.

Several equities analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Malibu Boats from $40.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. DA Davidson downgraded Malibu Boats from a "buy" rating to a "neutral" rating and set a $45.00 price objective for the company. in a report on Friday, November 1st. Truist Financial lifted their target price on Malibu Boats from $32.00 to $42.00 and gave the company a "hold" rating in a report on Friday, November 1st. StockNews.com raised Malibu Boats to a "sell" rating in a research report on Saturday, November 2nd. Finally, Benchmark restated a "buy" rating and issued a $44.00 price objective on shares of Malibu Boats in a report on Friday, November 1st.

Malibu Boats Trading Down 1.1 %

Shares of MBUU stock traded down $0.49 during mid-day trading on Friday, hitting $43.08. 94,645 shares of the company's stock were exchanged, compared to its average volume of 170,276. The stock has a market cap of $849.54 million, a price-to-earnings ratio of -10.82 and a beta of 1.30. The company has a quick ratio of 0.52, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. Malibu Boats has a fifty-two week low of $30.20 and a fifty-two week high of $56.03. The stock has a 50-day simple moving average of $41.99 and a two-hundred day simple moving average of $38.15.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.16. Malibu Boats had a positive return on equity of 2.39% and a negative net margin of 10.90%. The firm had revenue of $171.60 million for the quarter, compared to analyst estimates of $165.33 million. During the same period last year, the company earned $1.07 EPS. The firm's quarterly revenue was down 32.9% on a year-over-year basis. Equities analysts expect that Malibu Boats will post 2.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Malibu Boats

A number of large investors have recently modified their holdings of the stock. Studio Investment Management LLC boosted its holdings in Malibu Boats by 264.4% in the 2nd 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 period. nVerses Capital LLC acquired a new stake in Malibu Boats during the 3rd quarter valued at $74,000. SG Americas Securities LLC acquired a new stake in Malibu Boats during the 2nd quarter valued at $139,000. Benjamin Edwards Inc. increased its stake in Malibu Boats by 43.1% during the 2nd 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 period. Finally, US Bancorp DE lifted its holdings in Malibu Boats by 851.7% in the 3rd quarter. US Bancorp DE now owns 5,434 shares of the company's stock worth $211,000 after buying an additional 4,863 shares in the last quarter. 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.