Malibu Boats (NASDAQ:MBUU) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Malibu Boats (NASDAQ:MBUUFree Report) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Other analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Malibu Boats in a research note on Friday, March 27th. Zacks Research raised Malibu Boats from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 6th. Truist Financial lowered their price target on Malibu Boats from $34.00 to $31.00 and set a “hold” rating for the company in a research note on Monday, April 27th. Finally, Griffin Securities set a $30.00 price target on Malibu Boats in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $31.20.

Read Our Latest Analysis on Malibu Boats

Malibu Boats Stock Performance

Shares of MBUU stock opened at $30.09 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 0.49. The stock has a market cap of $559.67 million, a PE ratio of -501.50 and a beta of 1.13. The stock has a 50-day moving average of $26.04 and a 200-day moving average of $28.63. Malibu Boats has a one year low of $23.84 and a one year high of $39.65.

Malibu Boats (NASDAQ:MBUUGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.27. The company had revenue of $235.70 million during the quarter, compared to analysts’ expectations of $203.46 million. Malibu Boats had a positive return on equity of 3.30% and a negative net margin of 0.11%.Malibu Boats’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 EPS. As a group, sell-side analysts expect that Malibu Boats will post 1.08 earnings per share for the current year.

Institutional Trading of Malibu Boats

Large investors have recently bought and sold shares of the business. Intesa Sanpaolo Wealth Management bought a new stake in Malibu Boats during the 4th quarter worth approximately $31,000. BNP Paribas Financial Markets increased its stake in Malibu Boats by 43.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,128 shares of the company’s stock worth $67,000 after purchasing an additional 643 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Malibu Boats by 346.3% during 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 in the last quarter. Russell Investments Group Ltd. increased its stake in Malibu Boats by 108.5% during the 4th quarter. Russell Investments Group Ltd. now owns 3,301 shares of the company’s stock worth $93,000 after purchasing an additional 1,718 shares in the last quarter. Finally, Strs Ohio bought a new stake in Malibu Boats during the 1st quarter worth approximately $123,000. 91.35% of the stock is owned by institutional investors.

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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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