Malibu Boats (NASDAQ:MBUU - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.
Other equities analysts have also recently issued research reports about the stock. DA Davidson reduced their price target on shares of Malibu Boats from $33.00 to $31.00 and set a "neutral" rating on the stock in a research report on Monday, September 8th. Zacks Research cut shares of Malibu Boats from a "hold" rating to a "strong sell" rating in a research report on Thursday, September 4th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Malibu Boats has an average rating of "Reduce" and a consensus target price of $36.00.
Read Our Latest Research Report on MBUU
Malibu Boats Stock Performance
Malibu Boats stock opened at $30.19 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 1.63 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $581.16 million, a PE ratio of 39.21 and a beta of 1.20. The firm has a fifty day simple moving average of $33.67 and a two-hundred day simple moving average of $31.94. Malibu Boats has a twelve month low of $24.42 and a twelve month high of $47.82.
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). Malibu Boats had a net margin of 1.84% and a return on equity of 4.93%. The firm had revenue of $207.04 million during the quarter, compared to analysts' expectations of $195.28 million. During the same quarter in the previous year, the firm posted ($0.39) EPS. Malibu Boats's revenue was up 30.4% compared to the same quarter last year. Research analysts expect that Malibu Boats will post 1.69 EPS for the current year.
Hedge Funds Weigh In On Malibu Boats
Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew 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 acquiring an additional 841 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Malibu Boats by 43.3% during the second quarter. BNP Paribas Financial Markets now owns 2,128 shares of the company's stock valued at $67,000 after acquiring an additional 643 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Malibu Boats by 346.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,321 shares of the company's stock valued at $73,000 after acquiring an additional 1,801 shares in the last quarter. Strs Ohio purchased a new position in Malibu Boats during the first quarter valued at $123,000. Finally, Corton Capital Inc. purchased a new position in Malibu Boats during the second quarter valued at $211,000. 91.35% of the stock is owned by hedge funds and other institutional investors.
Malibu Boats Company Profile
(
Get Free Report)
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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