Malibu Boats, Inc. (NASDAQ:MBUU) Receives $42.83 Consensus Target Price from Brokerages

Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) has received a consensus recommendation of "Hold" from the seven research firms that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $42.83.

Several research analysts have issued reports on MBUU shares. Truist Financial increased their price target on Malibu Boats from $34.00 to $38.00 and gave the stock a "hold" rating in a report on Friday, January 31st. StockNews.com upgraded Malibu Boats from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. Benchmark reiterated a "buy" rating and issued a $44.00 price target on shares of Malibu Boats in a report on Tuesday, February 4th. B. Riley upgraded Malibu Boats to a "hold" rating in a report on Wednesday, February 12th. Finally, KeyCorp lowered Malibu Boats from an "overweight" rating to a "sector weight" rating in a report on Thursday.

Malibu Boats Trading Down 3.2 %

Shares of Malibu Boats stock traded down $0.98 on Monday, hitting $29.83. 201,915 shares of the company's stock traded hands, compared to its average volume of 221,939. Malibu Boats has a one year low of $29.19 and a one year high of $47.82. 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 company has a fifty day moving average of $35.10 and a two-hundred day moving average of $38.45. The company has a market capitalization of $585.71 million, a price-to-earnings ratio of -6.86 and a beta of 1.42.

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Malibu Boats (NASDAQ:MBUU - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.20 EPS 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, sell-side analysts expect that Malibu Boats will post 1.69 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Heck Capital Advisors LLC purchased a new stake in shares of Malibu Boats during the fourth quarter valued at approximately $38,000. Studio Investment Management LLC increased its position in shares of Malibu Boats by 53.7% during the third quarter. Studio Investment Management LLC now owns 1,087 shares of the company's stock valued at $42,000 after acquiring an additional 380 shares during the last quarter. Quarry LP purchased a new stake in shares of Malibu Boats during the fourth quarter valued at approximately $45,000. Central Pacific Bank Trust Division increased its position in shares of Malibu Boats by 11.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company's stock valued at $136,000 after acquiring an additional 368 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Malibu Boats during the fourth quarter valued at approximately $150,000. 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.