Malibu Boats, Inc. (NASDAQ:MBUU) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) have received a consensus rating of "Hold" from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $36.17.

MBUU has been the topic of several recent research reports. Benchmark reaffirmed a "buy" rating and set a $44.00 price objective on shares of Malibu Boats in a report on Tuesday, February 4th. Wall Street Zen raised shares of Malibu Boats from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th. Robert W. Baird reiterated a "neutral" rating and set a $32.00 price objective (down previously from $50.00) on shares of Malibu Boats in a research report on Friday, April 4th. B. Riley upgraded shares of Malibu Boats to a "hold" rating in a report on Wednesday, February 12th. Finally, Baird R W cut shares of Malibu Boats from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th.

Institutional Trading of Malibu Boats

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in shares of Malibu Boats during the fourth quarter valued at approximately $38,000. Quarry LP purchased a new position in Malibu Boats during the 4th quarter valued at $45,000. KLP Kapitalforvaltning AS bought a new position in Malibu Boats in the 4th quarter valued at $150,000. Strs Ohio purchased a new stake in Malibu Boats in the first quarter worth $123,000. Finally, GAMMA Investing LLC increased its stake in Malibu Boats by 2,154.4% in the first quarter. GAMMA Investing LLC now owns 4,847 shares of the company's stock worth $158,000 after purchasing an additional 4,632 shares during the period. 91.35% of the stock is owned by hedge funds and other institutional investors.

Malibu Boats Price Performance

MBUU traded up $0.83 on Friday, hitting $31.56. 151,600 shares of the company's stock traded hands, compared to its average volume of 205,455. The company's 50 day simple moving average is $29.26 and its 200-day simple moving average is $34.22. The firm has a market cap of $605.67 million, a price-to-earnings ratio of -7.26 and a beta of 1.23. Malibu Boats has a one year low of $24.43 and a one year high of $47.82. The company has a current ratio of 1.52, a quick ratio of 0.45 and a debt-to-equity ratio of 0.04.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.06. Malibu Boats had a negative net margin of 12.09% and a positive return on equity of 1.04%. The business had revenue of $228.66 million during the quarter, compared to analyst estimates of $226.44 million. During the same period last year, the firm posted $0.63 EPS. The company's revenue was up 12.4% on a year-over-year basis. As a group, research analysts anticipate that Malibu Boats will post 1.69 EPS for the current year.

About Malibu Boats

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.