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

Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) has received a consensus rating of "Hold" from the seven ratings firms that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $36.40.

A number of equities analysts have weighed in on MBUU shares. DA Davidson started coverage on Malibu Boats in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $33.00 price objective for the company. Baird R W lowered Malibu Boats from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Wall Street Zen upgraded Malibu Boats from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th. Robert W. Baird restated a "neutral" rating and set a $32.00 target price (down from $50.00) on shares of Malibu Boats in a report on Friday, April 4th. Finally, Truist Financial decreased 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.

Hedge Funds Weigh In On Malibu Boats

Several large investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in shares of Malibu Boats by 532.3% during the second quarter. GAMMA Investing LLC now owns 999 shares of the company's stock worth $31,000 after buying an additional 841 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of Malibu Boats during the 4th quarter valued at approximately $38,000. Quarry LP acquired a new stake in shares of Malibu Boats during the 4th quarter valued at approximately $45,000. Strs Ohio acquired a new stake in shares of Malibu Boats during the 1st quarter valued at approximately $123,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Malibu Boats during the 4th quarter valued at approximately $150,000. Hedge funds and other institutional investors own 91.35% of the company's stock.

Malibu Boats Stock Up 2.7%

Shares of MBUU traded up $0.97 during trading hours on Friday, hitting $36.87. The company had a trading volume of 228,153 shares, compared to its average volume of 193,803. The company has a market capitalization of $707.54 million, a PE ratio of -89.93 and a beta of 1.14. The company has a current ratio of 1.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.05. Malibu Boats has a one year low of $24.43 and a one year high of $47.82. The company's fifty day moving average price is $32.40 and its two-hundred day moving average price is $32.38.

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 for the quarter, topping analysts' consensus estimates of $0.66 by $0.06. Malibu Boats had a positive return on equity of 1.66% and a negative net margin of 1.19%. The firm had revenue of $228.66 million during the quarter, compared to analysts' expectations of $226.44 million. During the same quarter last year, the firm earned $0.63 EPS. The business's quarterly revenue was up 12.4% on a year-over-year basis. As a group, equities analysts forecast that Malibu Boats will post 1.69 earnings per share for the current fiscal 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.