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

Key Points

• Malibu Boats has received a consensus recommendation of "Hold" from eight research firms, with one firm rating it as a sell, six as hold, and one as buy.
• The company's most recent quarterly earnings report showed a net margin of 1.84% and revenue of $207.04 million, exceeding analyst estimates.
• Malibu Boats' average one-year price target among brokerages is set at $36.00, with its stock currently trading at $32.27.

Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $36.00.

A number of research firms have commented on MBUU. Zacks Research lowered shares of Malibu Boats from a "hold" rating to a "strong sell" rating in a research note on Thursday, September 4th. DA Davidson reduced their price objective on shares of Malibu Boats from $33.00 to $31.00 and set a "neutral" rating for the company in a research note on Monday, September 8th.

Malibu Boats Price Performance

Shares of NASDAQ MBUU opened at $32.27 on Friday. Malibu Boats has a twelve month low of $24.42 and a twelve month high of $47.82. The company has a current ratio of 1.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $621.20 million, a price-to-earnings ratio of 41.91 and a beta of 1.20. The firm has a 50-day moving average of $34.00 and a two-hundred day moving average of $31.93.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $195.28 million. During the same period in the previous year, the company posted ($0.39) earnings per share. Malibu Boats's revenue was up 30.4% compared to the same quarter last year. As a group, analysts expect that Malibu Boats will post 1.69 earnings per share for the current fiscal year.

Institutional Trading of Malibu Boats

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Malibu Boats by 532.3% during the second quarter. GAMMA Investing LLC now owns 999 shares of the company's stock valued at $31,000 after buying an additional 841 shares in the last quarter. BNP Paribas Financial Markets lifted its position 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 in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Malibu Boats by 346.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,321 shares of the company's stock worth $73,000 after purchasing an additional 1,801 shares in the last quarter. Strs Ohio purchased a new stake in shares of Malibu Boats in the first quarter worth approximately $123,000. Finally, Corton Capital Inc. purchased a new stake in shares of Malibu Boats in the second quarter worth approximately $211,000. 91.35% of the stock is owned by hedge funds and other institutional investors.

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.

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