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

Shares of Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) have been assigned a consensus rating of "Hold" from the eight ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $36.00.

Several equities analysts have recently weighed in on the company. DA Davidson cut their target price on Malibu Boats from $33.00 to $31.00 and set a "neutral" rating on the stock in a research report on Monday. Zacks Research downgraded Malibu Boats from a "hold" rating to a "strong sell" rating in a research report on Thursday, September 4th.

Hedge Funds Weigh In On Malibu Boats

Several large investors have recently modified their holdings of MBUU. Pzena Investment Management LLC grew its position in shares of Malibu Boats by 8.9% during the 2nd quarter. Pzena Investment Management LLC now owns 1,670,977 shares of the company's stock worth $52,368,000 after buying an additional 136,138 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Malibu Boats by 4.5% during the 1st quarter. Wellington Management Group LLP now owns 1,601,959 shares of the company's stock worth $49,148,000 after buying an additional 68,354 shares in the last quarter. Cooke & Bieler LP grew its position in shares of Malibu Boats by 0.6% during the 2nd quarter. Cooke & Bieler LP now owns 1,373,913 shares of the company's stock worth $43,058,000 after buying an additional 7,910 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Malibu Boats by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 1,216,269 shares of the company's stock worth $37,315,000 after buying an additional 18,187 shares in the last quarter. Finally, Twin Lions Management LLC grew its position in shares of Malibu Boats by 60.2% during the 2nd quarter. Twin Lions Management LLC now owns 1,080,301 shares of the company's stock worth $33,857,000 after buying an additional 405,838 shares in the last quarter. Institutional investors own 91.35% of the company's stock.

Malibu Boats Price Performance

NASDAQ:MBUU traded down $0.49 during trading hours on Monday, reaching $32.54. The stock had a trading volume of 187,333 shares, compared to its average volume of 216,288. 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 has a 52 week low of $24.42 and a 52 week high of $47.82. The company has a 50 day moving average price of $34.61 and a two-hundred day moving average price of $31.88. The stock has a market capitalization of $626.40 million, a PE ratio of 42.26 and a beta of 1.20.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). The firm had revenue of $207.04 million during the quarter, compared to the consensus estimate of $195.28 million. Malibu Boats had a return on equity of 4.93% and a net margin of 1.84%.The business's revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.39) EPS. 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.