Malibu Boats, Inc. (MBUU) - What Are Researchers Saying About This Stock?

Key Points

• Analysts rate Malibu Boats “Hold” overall: Of eight covering brokerages, five recommend holding, two recommend buying and one recommends selling; the average 12-month price target is $28.40.
• Quarterly results missed expectations: EPS was $0.15 versus $0.21 expected, and revenue of $252.94 million fell short of the $257.64 million estimate, despite growing 28.1% year over year.
• Reports citing weaker retail activity and softer guidance raised demand concerns; B. Riley maintained a neutral rating but cut its price target to $22 from $30.

Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) has earned a consensus rating of "Hold" from the eight brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $28.40.

MBUU has been the topic of a number of research reports. Raymond James Financial reaffirmed a "market perform" rating on shares of Malibu Boats in a research note on Monday, August 31st. Truist Financial decreased their target price on Malibu Boats from $34.00 to $26.00 and set a "hold" rating on the stock in a report on Friday, October 23rd. Weiss Ratings upgraded Malibu Boats from a "sell (e+)" rating to a "sell (d)" rating in a report on Thursday, August 27th. Benchmark reissued a "buy" rating on shares of Malibu Boats in a research report on Friday, August 28th. Finally, B. Riley Financial reaffirmed a "neutral" rating and issued a $22.00 target price (down from $30.00) on shares of Malibu Boats in a report on Friday.

Institutional Investors Weigh In On Malibu Boats

Institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC acquired a new stake in shares of Malibu Boats during the 1st quarter worth about $194,403,000. Dimensional Fund Advisors LP grew its holdings in shares of Malibu Boats by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 967,068 shares of the company's stock valued at $25,067,000 after purchasing an additional 52,635 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in Malibu Boats by 10.6% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 865,239 shares of the company's stock worth $19,831,000 after purchasing an additional 82,777 shares in the last quarter. William Blair Investment Management LLC grew its stake in Malibu Boats by 3.3% in the 3rd quarter. William Blair Investment Management LLC now owns 388,428 shares of the company's stock valued at $8,903,000 after acquiring an additional 12,440 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Malibu Boats by 44.6% in the first quarter. Bank of America Corp DE now owns 343,042 shares of the company's stock worth $8,892,000 after acquiring an additional 105,734 shares in the last quarter. Institutional investors own 91.35% of the company's stock.

Key Headlines Impacting Malibu Boats

Here are the key news stories impacting Malibu Boats this week:

• Positive Sentiment: Quarterly revenue rose 28.1% year over year to $252.94 million, providing a growth offset to the weaker results. Malibu Boats quarterly results
• Negative Sentiment: Malibu reported quarterly EPS of $0.15, below the $0.21 consensus, while revenue of $252.94 million also missed estimates of $257.64 million. The earnings shortfall and sales miss weighed on investor sentiment. Malibu Boats earnings and revenue miss
• Negative Sentiment: Coverage of the results highlighted deteriorating retail activity and weaker guidance, raising concerns about demand and the company’s outlook. Sales miss and guidance concerns
• Negative Sentiment: B. Riley reaffirmed its “neutral” rating but cut its price target to $22 from $30, signaling a more cautious valuation view. B. Riley rating and target

Malibu Boats Price Performance

NASDAQ:MBUU opened at $20.22 on Friday. The business's 50-day simple moving average is $23.55 and its two-hundred day simple moving average is $26.82. Malibu Boats has a 52 week low of $19.46 and a 52 week high of $34.97. The company has a quick ratio of 0.60, a current ratio of 1.43 and a debt-to-equity ratio of 0.31. The stock has a market cap of $397.93 million, a PE ratio of 49.32 and a beta of 1.20.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.06). The business had revenue of $252.94 million during the quarter, compared to analysts' expectations of $257.64 million. Malibu Boats had a net margin of 0.18% and a return on equity of 4.78%. The firm's quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. As a group, analysts forecast that Malibu Boats will post 2.18 EPS for the current fiscal year.

Malibu Boats Company Profile

Malibu Boats, Inc is a recreational powerboat manufacturer headquartered in Loudon, Tennessee. The company designs, manufactures and sells boats for watersports, boating and fishing activities, serving consumers through a network of independent dealers in the United States and international markets.

Its portfolio includes Malibu and Axis wake and watersports boats, as well as a range of saltwater and freshwater fishing and offshore boats sold under brands including Pursuit, Maverick, Cobia, Pathfinder and Hewes.

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