Malibu Boats, Inc. (NASDAQ:MBUU) Receives $42.83 Consensus Target Price from Analysts

Malibu Boats, Inc. (NASDAQ:MBUU) has been assigned an average rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $42.83.

A number of research analysts have recently issued reports on the stock. B. Riley upgraded shares of Malibu Boats to a “hold” rating in a research note on Wednesday, February 12th. Benchmark restated a “buy” rating and issued a $44.00 price objective on shares of Malibu Boats in a research report on Tuesday, February 4th. KeyCorp downgraded Malibu Boats from an “overweight” rating to a “sector weight” rating in a report on Thursday. StockNews.com raised Malibu Boats from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Finally, Truist Financial upped their price objective on Malibu Boats from $34.00 to $38.00 and gave the stock a “hold” rating in a report on Friday, January 31st.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new position in shares of Malibu Boats in the 4th quarter valued at $38,000. Studio Investment Management LLC lifted its stake in shares of Malibu Boats by 53.7% in the 3rd quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock valued at $42,000 after purchasing an additional 380 shares during the period. Quarry LP acquired a new position in shares of Malibu Boats in the 4th quarter valued at $45,000. Central Pacific Bank Trust Division increased its position in shares of Malibu Boats by 11.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock valued at $136,000 after buying an additional 368 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Malibu Boats in the 4th quarter valued at $150,000. Institutional investors and hedge funds own 91.35% of the company’s stock.

Malibu Boats Stock Performance

NASDAQ:MBUU opened at $29.55 on Monday. Malibu Boats has a 1 year low of $29.02 and a 1 year high of $47.82. The firm has a 50 day moving average of $34.91 and a 200-day moving average of $38.37. The company has a current ratio of 1.52, a quick ratio of 0.45 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $580.21 million, a P/E ratio of -6.79 and a beta of 1.42.

Malibu Boats (NASDAQ:MBUU) last posted its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Malibu Boats had a negative net margin of 12.09% and a positive return on equity of 1.04%. As a group, sell-side analysts anticipate that Malibu Boats will post 1.69 EPS 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.