Malibu Boats, Inc. (NASDAQ:MBUU) Receives $44.57 Average PT from Brokerages

Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) has been given an average recommendation of "Hold" by the seven brokerages that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $44.57.

Several brokerages have issued reports on MBUU. Benchmark reaffirmed a "buy" rating and issued a $44.00 price target on shares of Malibu Boats in a report on Friday, November 1st. DA Davidson downgraded shares of Malibu Boats from a "buy" rating to a "neutral" rating and set a $45.00 target price for the company. in a research note on Friday, November 1st. StockNews.com raised shares of Malibu Boats to a "sell" rating in a research note on Saturday, November 2nd. Robert W. Baird increased their target price on Malibu Boats from $40.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Finally, KeyCorp upped their price objective on shares of Malibu Boats from $38.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, November 1st.

Malibu Boats Stock Performance

NASDAQ MBUU traded up $0.68 during trading on Wednesday, reaching $37.59. The company's stock had a trading volume of 138,025 shares, compared to its average volume of 242,960. Malibu Boats has a twelve month low of $30.20 and a twelve month high of $55.07. The firm has a market cap of $741.09 million, a price-to-earnings ratio of -9.44 and a beta of 1.30. The business's fifty day moving average price is $41.57 and its 200-day moving average price is $38.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 1.55.

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

Institutional Trading of Malibu Boats

Hedge funds and other institutional investors have recently modified their holdings of the business. Studio Investment Management LLC boosted its holdings in Malibu Boats by 264.4% in the second quarter. Studio Investment Management LLC now owns 707 shares of the company's stock worth $25,000 after purchasing an additional 513 shares during the period. nVerses Capital LLC acquired a new stake in shares of Malibu Boats in the third quarter valued at approximately $74,000. Benjamin Edwards Inc. grew its holdings in Malibu Boats by 43.1% in 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 in the last quarter. SG Americas Securities LLC raised its stake in shares of Malibu Boats by 31.6% during the third quarter. SG Americas Securities LLC now owns 5,212 shares of the company's stock valued at $202,000 after purchasing an additional 1,252 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in Malibu Boats by 851.7% in the third quarter. US Bancorp DE now owns 5,434 shares of the company's stock worth $211,000 after purchasing an additional 4,863 shares during the period. 91.35% of the stock is 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.