Malibu Boats (NASDAQ:MBUU) Earns "Buy" Rating from Benchmark

Malibu Boats (NASDAQ:MBUU - Get Free Report)'s stock had its "buy" rating restated by analysts at Benchmark in a note issued to investors on Tuesday,Benzinga reports. They currently have a $44.00 target price on the stock. Benchmark's price objective would indicate a potential upside of 15.24% from the company's previous close.

MBUU has been the topic of several other reports. DA Davidson downgraded shares of Malibu Boats from a "buy" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research report on Friday, November 1st. KeyCorp lowered their price objective on shares of Malibu Boats from $50.00 to $45.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. StockNews.com upgraded Malibu Boats to a "sell" rating in a report on Saturday, November 2nd. Robert W. Baird raised 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, Truist Financial upped their price target on Malibu Boats from $34.00 to $38.00 and gave the company a "hold" rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $42.83.

Malibu Boats Price Performance

Shares of NASDAQ:MBUU traded down $1.08 on Tuesday, reaching $38.18. 114,715 shares of the company traded hands, compared to its average volume of 179,420. The stock has a market capitalization of $749.86 million, a PE ratio of -8.78 and a beta of 1.33. 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's 50 day moving average is $38.52 and its 200-day moving average is $38.79. Malibu Boats has a fifty-two week low of $30.20 and a fifty-two week high of $50.39.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. As a group, analysts anticipate that Malibu Boats will post 2.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Malibu Boats

Hedge funds have recently modified their holdings of the stock. Heck Capital Advisors LLC acquired a new stake in Malibu Boats during the fourth quarter valued at $38,000. Studio Investment Management LLC lifted its holdings in shares of Malibu Boats by 53.7% during the 3rd quarter. Studio Investment Management LLC now owns 1,087 shares of the company's stock valued at $42,000 after buying an additional 380 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Malibu Boats in the 3rd quarter valued at approximately $74,000. Central Pacific Bank Trust Division grew its stake in shares of Malibu Boats by 11.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company's stock valued at $136,000 after buying an additional 368 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Malibu Boats by 31.6% in the third quarter. SG Americas Securities LLC now owns 5,212 shares of the company's stock worth $202,000 after buying an additional 1,252 shares during the last quarter. 91.35% of the stock is owned by institutional investors and hedge funds.

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.