Malibu Boats, Inc. (NASDAQ:MBUU) Receives $44.57 Consensus Target Price from Brokerages

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

A number of research firms have recently issued reports on MBUU. StockNews.com raised Malibu Boats to a "sell" rating in a research report on Saturday, November 2nd. Truist Financial lifted their price target on shares of Malibu Boats from $32.00 to $42.00 and gave the company a "hold" rating in a research report on Friday, November 1st. Robert W. Baird raised their price objective on Malibu Boats from $40.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. DA Davidson downgraded Malibu Boats from a "buy" rating to a "neutral" rating and set a $45.00 target price for the company. in a research report on Friday, November 1st. Finally, KeyCorp increased their target price on Malibu Boats from $38.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, November 1st.

Malibu Boats Trading Down 5.3 %

Malibu Boats stock traded down $2.32 during midday trading on Tuesday, hitting $41.44. 216,578 shares of the stock were exchanged, compared to its average volume of 254,967. Malibu Boats has a 52 week low of $30.20 and a 52 week high of $56.03. The company has a fifty day simple moving average of $39.99 and a two-hundred day simple moving average of $37.03. The stock has a market capitalization of $817.20 million, a PE ratio of -10.99 and a beta of 1.36. 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 (NASDAQ:MBUU - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $171.60 million during the quarter, compared to the consensus estimate of $165.33 million. During the same period last year, the company earned $1.07 earnings per share. Malibu Boats's quarterly revenue was down 32.9% on a year-over-year basis. Equities research analysts anticipate that Malibu Boats will post 2.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Studio Investment Management LLC boosted its stake in Malibu Boats by 264.4% during the second quarter. Studio Investment Management LLC now owns 707 shares of the company's stock worth $25,000 after acquiring an additional 513 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Malibu Boats during the third quarter valued at about $74,000. EntryPoint Capital LLC bought a new position in Malibu Boats in the 1st quarter valued at about $84,000. SG Americas Securities LLC bought a new stake in Malibu Boats during the 2nd quarter worth approximately $139,000. Finally, Benjamin Edwards Inc. lifted its holdings in shares of Malibu Boats by 43.1% in the second quarter. Benjamin Edwards Inc. now owns 5,112 shares of the company's stock valued at $179,000 after purchasing an additional 1,539 shares in the last quarter. Institutional investors 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.