Malibu Boats, Inc. (NASDAQ:MBUU) Receives $39.83 Consensus PT from Brokerages

Shares of Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) have earned an average recommendation of "Hold" from the seven brokerages that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $38.17.

MBUU has been the topic of a number of recent research reports. Robert W. Baird restated a "neutral" rating and set a $32.00 price objective (down previously from $50.00) on shares of Malibu Boats in a research note on Friday, April 4th. Baird R W lowered shares of Malibu Boats from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Benchmark reaffirmed a "buy" rating and set a $44.00 price target on shares of Malibu Boats in a report on Tuesday, February 4th. DA Davidson upgraded Malibu Boats to a "hold" rating in a research note on Monday. Finally, Truist Financial lowered their target price on Malibu Boats from $38.00 to $28.00 and set a "hold" rating for the company in a report on Monday.

Institutional Investors Weigh In On Malibu Boats

Institutional investors and hedge funds have recently modified their holdings of the stock. Heck Capital Advisors LLC purchased a new position in Malibu Boats during the 4th quarter valued at about $38,000. Quarry LP acquired a new position in Malibu Boats during the fourth quarter worth $45,000. Central Pacific Bank Trust Division raised its holdings in Malibu Boats by 11.3% during the fourth 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. KLP Kapitalforvaltning AS acquired a new stake in shares of Malibu Boats in the fourth quarter worth about $150,000. Finally, GAMMA Investing LLC increased its holdings in shares of Malibu Boats by 2,154.4% during the 1st quarter. GAMMA Investing LLC now owns 4,847 shares of the company's stock valued at $158,000 after acquiring an additional 4,632 shares during the last quarter. 91.35% of the stock is owned by institutional investors and hedge funds.

Malibu Boats Trading Down 0.8 %

Shares of NASDAQ MBUU traded down $0.21 during trading on Friday, hitting $26.44. 6,781 shares of the company traded hands, compared to its average volume of 226,647. The company has a quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $519.05 million, a P/E ratio of -6.08 and a beta of 1.27. The company has a 50-day moving average price of $31.64 and a 200-day moving average price of $37.13. Malibu Boats has a 1 year low of $24.43 and a 1 year high of $47.82.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Malibu Boats had a negative net margin of 12.09% and a positive return on equity of 1.04%. On average, equities analysts predict that Malibu Boats will post 1.69 EPS for the current year.

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.