Brokerages Set Malibu Boats, Inc. (NASDAQ:MBUU) Target Price at $38.17

Shares of Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) have earned a consensus rating of "Hold" from the seven ratings firms that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $38.17.

Several equities research analysts recently issued reports on MBUU shares. Baird R W cut Malibu Boats from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Wall Street Zen upgraded Malibu Boats from a "sell" rating to a "hold" rating in a report on Tuesday, April 15th. KeyCorp cut Malibu Boats from an "overweight" rating to a "sector weight" rating in a report on Thursday, March 20th. Truist Financial lowered their price objective on Malibu Boats from $38.00 to $28.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Finally, Benchmark reiterated a "buy" rating and issued a $44.00 price objective on shares of Malibu Boats in a report on Tuesday, February 4th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new position in shares of Malibu Boats during the 4th quarter worth approximately $38,000. Quarry LP acquired a new position in Malibu Boats in the fourth quarter valued at approximately $45,000. Strs Ohio acquired a new position in Malibu Boats in the first quarter valued at approximately $123,000. KLP Kapitalforvaltning AS acquired a new position in Malibu Boats in the fourth quarter valued at approximately $150,000. Finally, GAMMA Investing LLC lifted its holdings in Malibu Boats by 2,154.4% in the first 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 currently owned by institutional investors and hedge funds.

Malibu Boats Price Performance

Shares of Malibu Boats stock traded down $0.74 on Friday, hitting $29.40. The company's stock had a trading volume of 138,732 shares, compared to its average volume of 206,271. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.45 and a current ratio of 1.52. Malibu Boats has a 1 year low of $24.43 and a 1 year high of $47.82. The firm has a fifty day moving average price of $29.23 and a 200-day moving average price of $34.35. The company has a market capitalization of $564.22 million, a price-to-earnings ratio of -6.76 and a beta of 1.23.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.72 earnings per share (EPS) for the quarter, topping 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 company 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 posted $0.63 EPS. Malibu Boats's revenue was up 12.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Malibu Boats will post 1.69 earnings per share for the current fiscal 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.