Malibu Boats, Inc. (NASDAQ:MBUU) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts have a consensus “Hold” rating on Malibu Boats, with five hold, two buy and one sell recommendation. The average 12-month price target is $31.60, above the stock’s reported $21.58 opening price.
• Malibu Boats reported a strong quarter, posting $0.92 in earnings per share versus the $0.78 consensus estimate and revenue of $295.54 million, up 42.8% year over year.
• Institutional investors own 91.35% of the company, while the stock trades near its 52-week low and has a high price-to-earnings ratio of 308.29.

Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) has earned a consensus rating of "Hold" from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $31.60.

Several equities analysts recently issued reports on MBUU shares. Zacks Research cut Malibu Boats from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 9th. Truist Financial boosted their price objective on Malibu Boats from $31.00 to $34.00 and gave the stock a "hold" rating in a report on Monday, July 6th. Benchmark restated a "buy" rating on shares of Malibu Boats in a research report on Friday, August 28th. DA Davidson restated a "neutral" rating and set a $30.00 target price on shares of Malibu Boats in a research report on Monday, June 15th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Malibu Boats in a research note on Monday, August 31st.

Hedge Funds Weigh In On Malibu Boats

A number of hedge funds and other institutional investors have recently bought and sold shares of MBUU. Public Employees Retirement System of Ohio acquired a new position in shares of Malibu Boats in the 2nd quarter valued at $35,000. Central Pacific Bank Trust Division boosted its position in shares of Malibu Boats by 13.5% in the 2nd quarter. Central Pacific Bank Trust Division now owns 5,304 shares of the company's stock worth $145,000 after purchasing an additional 630 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Malibu Boats in the 2nd quarter worth $206,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of Malibu Boats in the 2nd quarter worth $222,000. Finally, AXQ Capital LP acquired a new stake in shares of Malibu Boats during the second quarter worth $272,000. 91.35% of the stock is owned by institutional investors.

Malibu Boats Stock Down 0.3%

Shares of MBUU opened at $21.58 on Tuesday. The firm has a market capitalization of $424.69 million, a price-to-earnings ratio of 308.29 and a beta of 1.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.60 and a current ratio of 1.43. The business's fifty day moving average price is $26.04 and its two-hundred day moving average price is $26.51. Malibu Boats has a 52 week low of $21.22 and a 52 week high of $34.97.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last released its earnings results on Thursday, August 27th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.78 by $0.14. Malibu Boats had a return on equity of 4.78% and a net margin of 0.18%. The company had revenue of $295.54 million during the quarter, compared to analysts' expectations of $263.89 million. During the same period last year, the firm earned $0.42 EPS. The business's revenue for the quarter was up 42.8% on a year-over-year basis. On average, analysts predict that Malibu Boats will post 2.18 earnings per share for the current year.

About Malibu Boats

Malibu Boats, Inc is a recreational powerboat manufacturer headquartered in Loudon, Tennessee. Founded in 1982, the company designs and produces boats for water sports, cruising, fishing and general recreational use, selling its products through a network of independent dealers.

Its brand portfolio includes Malibu and Axis, which focus on wake and water-sports boats, as well as Pursuit, Maverick, Cobia, Pathfinder and Hewes, which offer a range of offshore, center-console and inshore fishing boats.

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