Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $43.64, but opened at $42.01. Malibu Boats shares last traded at $43.13, with a volume of 9,187 shares.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. Truist Financial increased their price objective 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. DA Davidson cut shares of Malibu Boats from a "buy" rating to a "neutral" rating and set a $45.00 price objective for the company. in a research note on Friday, November 1st. Robert W. Baird lifted their price target on shares of Malibu Boats from $40.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Benchmark restated a "buy" rating and issued a $44.00 target price on shares of Malibu Boats in a report on Friday, November 1st. Finally, KeyCorp boosted their target price on shares of Malibu Boats from $38.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. 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 stock. According to data from MarketBeat, Malibu Boats currently has an average rating of "Hold" and an average target price of $44.57.
Read Our Latest Stock Analysis on Malibu Boats
Malibu Boats Stock Down 0.7 %
The company has a quick ratio of 0.52, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $854.65 million, a PE ratio of -10.89 and a beta of 1.36. The business's 50 day simple moving average is $41.47 and its 200 day simple moving average is $37.82.
Malibu Boats (NASDAQ:MBUU - Get Free Report) last announced its earnings results 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. The business had revenue of $171.60 million during the quarter, compared to analysts' expectations of $165.33 million. Malibu Boats had a negative net margin of 10.90% and a positive return on equity of 2.39%. The firm's revenue for the quarter was down 32.9% on a year-over-year basis. During the same quarter last year, the company posted $1.07 EPS. As a group, analysts forecast that Malibu Boats, Inc. will post 2.01 EPS for the current year.
Institutional Trading of Malibu Boats
A number of institutional investors have recently added to or reduced their stakes in MBUU. Studio Investment Management LLC boosted its holdings in shares of Malibu Boats by 53.7% in the third quarter. Studio Investment Management LLC now owns 1,087 shares of the company's stock worth $42,000 after buying an additional 380 shares during the last quarter. Principal Financial Group Inc. boosted its position in Malibu Boats by 4.7% in the 2nd quarter. Principal Financial Group Inc. now owns 9,728 shares of the company's stock worth $341,000 after purchasing an additional 435 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Malibu Boats by 9.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,124 shares of the company's stock worth $439,000 after buying an additional 836 shares in the last quarter. Bank of Montreal Can boosted its holdings in Malibu Boats by 10.4% in the 2nd quarter. Bank of Montreal Can now owns 12,427 shares of the company's stock valued at $442,000 after purchasing an additional 1,170 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Malibu Boats by 31.6% in the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 91.35% of the company's stock.
About Malibu Boats
(
Get Free Report)
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.
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