Analysts Set Malibu Boats, Inc. (NASDAQ:MBUU) Price Target at $36.40

Shares of Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) have earned an average rating of "Hold" from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $36.00.

MBUU has been the topic of several analyst reports. Zacks Research cut Malibu Boats from a "hold" rating to a "strong sell" rating in a research note on Thursday, September 4th. DA Davidson dropped their target price on Malibu Boats from $33.00 to $31.00 and set a "neutral" rating for the company in a report on Monday.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MBUU. Creative Planning boosted its holdings in Malibu Boats by 5.0% during the 2nd quarter. Creative Planning now owns 9,471 shares of the company's stock valued at $297,000 after acquiring an additional 453 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Malibu Boats by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,590 shares of the company's stock valued at $356,000 after purchasing an additional 491 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Malibu Boats by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 22,111 shares of the company's stock valued at $693,000 after purchasing an additional 506 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Malibu Boats by 43.3% in the second quarter. BNP Paribas Financial Markets now owns 2,128 shares of the company's stock worth $67,000 after purchasing an additional 643 shares during the last quarter. Finally, Vident Advisory LLC increased its stake in Malibu Boats by 5.0% in the 2nd quarter. Vident Advisory LLC now owns 14,326 shares of the company's stock worth $449,000 after buying an additional 677 shares during the period. Institutional investors own 91.35% of the company's stock.

Malibu Boats Price Performance

MBUU stock traded down $1.20 during trading on Monday, hitting $32.66. 123,578 shares of the company's stock traded hands, compared to its average volume of 228,955. Malibu Boats has a 52 week low of $24.42 and a 52 week high of $47.82. The stock has a market capitalization of $628.71 million, a price-to-earnings ratio of 42.42 and a beta of 1.20. The business has a fifty day simple moving average of $34.49 and a 200 day simple moving average of $31.86. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.58 and a current ratio of 1.63.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last announced its earnings results on Thursday, August 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). Malibu Boats had a net margin of 1.84% and a return on equity of 4.93%. The business had revenue of $207.04 million for the quarter, compared to analysts' expectations of $195.28 million. During the same quarter in the prior year, the company posted ($0.39) earnings per share. The firm's quarterly revenue was up 30.4% compared to the same quarter last year. As a group, research analysts expect that Malibu Boats will post 1.69 EPS 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.