Malibu Boats (NASDAQ:MBUU) Receives Neutral Rating from Robert W. Baird

Malibu Boats (NASDAQ:MBUU - Get Free Report)'s stock had its "neutral" rating reiterated by investment analysts at Robert W. Baird in a report released on Friday, Marketbeat reports. They currently have a $32.00 price objective on the stock, down from their previous price objective of $50.00. Robert W. Baird's target price indicates a potential upside of 14.64% from the stock's current price.

Several other research analysts also recently commented on the stock. B. Riley raised shares of Malibu Boats to a "hold" rating in a research note on Wednesday, February 12th. Benchmark reaffirmed a "buy" rating and set a $44.00 price objective on shares of Malibu Boats in a research note on Tuesday, February 4th. Truist Financial raised their target price on Malibu Boats from $34.00 to $38.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. StockNews.com raised Malibu Boats from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. Finally, KeyCorp lowered Malibu Boats from an "overweight" rating to a "sector weight" rating in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Malibu Boats presently has an average rating of "Hold" and an average target price of $39.83.

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Malibu Boats Trading Up 10.9 %

NASDAQ:MBUU traded up $2.74 during trading hours on Friday, reaching $27.91. The company's stock had a trading volume of 147,435 shares, compared to its average volume of 229,640. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.45 and a current ratio of 1.52. The firm has a market capitalization of $548.07 million, a price-to-earnings ratio of -6.37 and a beta of 1.27. The firm has a 50-day simple moving average of $32.92 and a 200-day simple moving average of $37.58. Malibu Boats has a 1 year low of $24.43 and a 1 year high of $47.82.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last released its quarterly earnings data 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 positive return on equity of 1.04% and a negative net margin of 12.09%. Research analysts expect that Malibu Boats will post 1.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Malibu Boats

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in shares of Malibu Boats by 3.8% during the 4th quarter. Wellington Management Group LLP now owns 1,533,605 shares of the company's stock valued at $57,648,000 after buying an additional 56,629 shares in the last quarter. Cooke & Bieler LP boosted its stake in Malibu Boats by 1.0% during the fourth quarter. Cooke & Bieler LP now owns 1,343,660 shares of the company's stock worth $50,508,000 after acquiring an additional 13,767 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Malibu Boats by 1.0% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 719,717 shares of the company's stock worth $27,054,000 after purchasing an additional 6,865 shares during the period. American Century Companies Inc. increased its stake in shares of Malibu Boats by 10.6% during the fourth quarter. American Century Companies Inc. now owns 579,664 shares of the company's stock valued at $21,790,000 after purchasing an additional 55,767 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Malibu Boats by 8.2% during the third quarter. Geode Capital Management LLC now owns 576,070 shares of the company's stock valued at $22,361,000 after purchasing an additional 43,769 shares during the last quarter. 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.