Malibu Boats (NASDAQ:MBUU) Earns Neutral Rating from Analysts at DA Davidson

Research analysts at DA Davidson began coverage on shares of Malibu Boats (NASDAQ:MBUU - Get Free Report) in a report released on Tuesday, MarketBeat reports. The brokerage set a "neutral" rating and a $33.00 price target on the stock. DA Davidson's target price indicates a potential upside of 4.56% from the company's previous close.

A number of other equities analysts also recently issued reports on the stock. Robert W. Baird reissued a "neutral" rating and issued a $32.00 price objective (down previously from $50.00) on shares of Malibu Boats in a report on Friday, April 4th. Truist Financial decreased their target price on shares of Malibu Boats from $38.00 to $28.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. B. Riley upgraded shares of Malibu Boats to a "hold" rating in a report on Wednesday, February 12th. Wall Street Zen upgraded shares of Malibu Boats from a "sell" rating to a "hold" rating in a report on Tuesday, April 15th. Finally, Benchmark reiterated a "buy" rating and issued a $44.00 target price on shares of Malibu Boats in a report on Tuesday, February 4th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $36.17.

Malibu Boats Price Performance

NASDAQ:MBUU traded up $0.83 during trading hours on Tuesday, hitting $31.56. The stock had a trading volume of 151,600 shares, compared to its average volume of 205,455. Malibu Boats has a one year low of $24.43 and a one year high of $47.82. 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 firm has a market capitalization of $605.67 million, a price-to-earnings ratio of -7.26 and a beta of 1.23. The company has a 50 day simple moving average of $29.26 and a two-hundred day simple moving average of $34.22.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.06. Malibu Boats had a positive return on equity of 1.04% and a negative net margin of 12.09%. The firm had revenue of $228.66 million for the quarter, compared to analysts' expectations of $226.44 million. During the same period in the previous year, the firm earned $0.63 earnings per share. The business's revenue was up 12.4% compared to the same quarter last year. Research analysts forecast that Malibu Boats will post 1.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Malibu Boats

Several institutional investors have recently bought and sold shares of MBUU. Twin Lions Management LLC acquired a new position in shares of Malibu Boats during the 4th quarter worth about $19,807,000. Bank of New York Mellon Corp increased its holdings in shares of Malibu Boats by 370.5% in the 4th quarter. Bank of New York Mellon Corp now owns 440,829 shares of the company's stock valued at $16,571,000 after purchasing an additional 347,144 shares in the last quarter. Lodge Hill Capital LLC boosted its position in Malibu Boats by 74.6% during the fourth quarter. Lodge Hill Capital LLC now owns 530,514 shares of the company's stock worth $19,942,000 after purchasing an additional 226,650 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Malibu Boats in the fourth quarter valued at approximately $8,221,000. Finally, Schroder Investment Management Group acquired a new stake in shares of Malibu Boats during the fourth quarter valued at $6,888,000. 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.