Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $27.28 and traded as low as $26.15. Malibu Boats shares last traded at $26.68, with a volume of 241,921 shares.
Wall Street Analysts Forecast Growth
MBUU has been the subject of a number of recent analyst reports. Raymond James Financial reiterated a "market perform" rating on shares of Malibu Boats in a research report on Monday. Truist Financial raised their price objective on shares of Malibu Boats from $31.00 to $34.00 and gave the company a "hold" rating in a research report on Monday, July 6th. Wall Street Zen upgraded shares of Malibu Boats from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Zacks Research downgraded shares of Malibu Boats from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 9th. Finally, Benchmark reiterated a "buy" rating on shares of Malibu Boats in a research note on Friday, August 28th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $31.60.
Check Out Our Latest Research Report on Malibu Boats
Malibu Boats Stock Performance
The company has a quick ratio of 0.60, a current ratio of 1.43 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $525.06 million, a P/E ratio of 381.14 and a beta of 1.15. The business has a 50 day moving average of $27.87 and a 200 day moving average of $27.28.
Malibu Boats (NASDAQ:MBUU - Get Free Report) last posted its earnings results on Thursday, August 27th. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.14. The firm had revenue of $295.54 million for the quarter, compared to the consensus estimate of $263.89 million. Malibu Boats had a net margin of 0.18% and a return on equity of 4.78%. The business's quarterly revenue was up 42.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 EPS. On average, sell-side analysts predict that Malibu Boats, Inc. will post 2.22 earnings per share for the current year.
Institutional Investors Weigh In On Malibu Boats
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Intesa Sanpaolo Wealth Management bought a new position in Malibu Boats in the 4th quarter worth about $31,000. Public Employees Retirement System of Ohio bought a new stake in shares of Malibu Boats in the 2nd quarter valued at about $35,000. BNP Paribas Financial Markets raised its holdings in shares of Malibu Boats by 43.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,128 shares of the company's stock valued at $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 2nd 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 during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Malibu Boats by 108.5% during the fourth quarter. Russell Investments Group Ltd. now owns 3,301 shares of the company's stock valued at $93,000 after purchasing an additional 1,718 shares in the last quarter. Institutional investors own 91.35% of the company's stock.
Malibu Boats Company Profile
(
Get Free Report)
Malibu Boats, Inc is a leading designer, manufacturer and distributor of performance sport boats for the recreational boating market. The company's product portfolio includes the premium Malibu® brand and the value-oriented Axis® Wake Research line, as well as Cobalt® boats following its 2020 acquisition. Malibu's vessels are engineered to serve water-sports enthusiasts, with models optimized for wakeboarding, wakesurfing and waterskiing.
Founded in 1982 by water-sports enthusiast Jack Springer, Malibu Boats is headquartered in Loudon, Tennessee.
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