Malibu Boats, Inc. (MBUU) Earns Buy Rating from KeyCorp
Other analysts also recently issued reports about the company. Aegis initiated coverage on Malibu Boats in a report on Monday, October 2nd. They issued a buy rating and a $37.00 target price for the company. BidaskClub downgraded Malibu Boats from a strong-buy rating to a buy rating in a report on Saturday, August 5th. SunTrust Banks, Inc. reissued a buy rating and issued a $32.00 target price (up from $30.00) on shares of Malibu Boats in a report on Friday, September 8th. ValuEngine downgraded Malibu Boats from a strong-buy rating to a buy rating in a report on Monday, October 2nd. Finally, BMO Capital Markets reissued a buy rating and issued a $32.00 target price on shares of Malibu Boats in a report on Friday, October 13th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $32.06.
Shares of Malibu Boats (NASDAQ MBUU) opened at $27.80 on Friday. The stock has a market capitalization of $566.40, a PE ratio of 16.55, a price-to-earnings-growth ratio of 0.97 and a beta of 1.02. The company has a current ratio of 1.46, a quick ratio of 0.71 and a debt-to-equity ratio of 0.94. Malibu Boats has a fifty-two week low of $16.66 and a fifty-two week high of $33.35.
Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings results on Thursday, September 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. Malibu Boats had a return on equity of 54.78% and a net margin of 9.42%. The company had revenue of $75.11 million during the quarter, compared to the consensus estimate of $73.35 million. During the same period in the previous year, the business earned $0.38 EPS. Malibu Boats’s revenue for the quarter was up 12.6% on a year-over-year basis. sell-side analysts predict that Malibu Boats will post 1.91 earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently bought and sold shares of the business. Prudential Financial Inc. raised its stake in Malibu Boats by 3.1% during the 2nd quarter. Prudential Financial Inc. now owns 169,440 shares of the company’s stock valued at $4,383,000 after acquiring an additional 5,140 shares during the last quarter. AJO LP purchased a new stake in Malibu Boats during the 2nd quarter valued at approximately $5,025,000. Bank of America Corp DE raised its stake in Malibu Boats by 48.2% during the 1st quarter. Bank of America Corp DE now owns 72,202 shares of the company’s stock valued at $1,621,000 after acquiring an additional 23,474 shares during the last quarter. Chicago Equity Partners LLC raised its stake in Malibu Boats by 114.0% during the 2nd quarter. Chicago Equity Partners LLC now owns 100,902 shares of the company’s stock valued at $2,610,000 after acquiring an additional 53,747 shares during the last quarter. Finally, First Quadrant L P CA raised its stake in Malibu Boats by 60.5% during the 2nd quarter. First Quadrant L P CA now owns 28,242 shares of the company’s stock valued at $731,000 after acquiring an additional 10,642 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.
Malibu Boats Company Profile
Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.
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