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

Malibu Boats, Inc. (NASDAQ:MBUU) has been given a consensus rating of “Hold” by the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $42.83.

Several research analysts have recently issued reports on MBUU shares. B. Riley upgraded shares of Malibu Boats to a “hold” rating in a report on Wednesday, February 12th. StockNews.com upgraded shares of Malibu Boats from a “sell” rating to a “hold” rating in a report on Friday, February 14th. DA Davidson cut shares of Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a report on Friday, November 1st. Robert W. Baird raised their target price on shares of Malibu Boats from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Benchmark restated a “buy” rating and set a $44.00 target price on shares of Malibu Boats in a report on Tuesday, February 4th.

Hedge Funds Weigh In On Malibu Boats

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MBUU. Wellington Management Group LLP boosted its stake in Malibu Boats by 154.8% in the 3rd quarter. Wellington Management Group LLP now owns 1,476,976 shares of the company’s stock worth $57,321,000 after purchasing an additional 897,387 shares during the period. Twin Lions Management LLC acquired a new position in Malibu Boats in the 4th quarter worth approximately $19,807,000. Bank of New York Mellon Corp boosted its stake in Malibu Boats by 370.5% in the 4th quarter. Bank of New York Mellon Corp now owns 440,829 shares of the company’s stock worth $16,571,000 after purchasing an additional 347,144 shares during the period. Lodge Hill Capital LLC boosted its stake in Malibu Boats by 74.6% in the 4th quarter. Lodge Hill Capital LLC now owns 530,514 shares of the company’s stock worth $19,942,000 after purchasing an additional 226,650 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in Malibu Boats by 1,267.7% in the 3rd quarter. Janus Henderson Group PLC now owns 238,576 shares of the company’s stock worth $9,259,000 after purchasing an additional 221,133 shares during the period. Institutional investors and hedge funds own 91.35% of the company’s stock.

Malibu Boats Trading Down 1.7 %

Malibu Boats stock opened at $34.36 on Thursday. The firm has a 50 day simple moving average of $36.73 and a 200-day simple moving average of $38.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 0.45. The stock has a market capitalization of $674.66 million, a PE ratio of -7.90 and a beta of 1.33. Malibu Boats has a 12-month low of $30.20 and a 12-month high of $47.82.

Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities research analysts expect 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.