Malibu Boats, Inc. (NASDAQ:MBUU) Given Average Rating of “Hold” by Analysts

Malibu Boats, Inc. (NASDAQ:MBUU) has been assigned a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $31.20.

MBUU has been the topic of several recent analyst reports. Griffin Securities set a $30.00 target price on shares of Malibu Boats in a report on Tuesday, March 3rd. Wall Street Zen upgraded shares of Malibu Boats from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research lowered shares of Malibu Boats from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Weiss Ratings lowered shares of Malibu Boats from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 11th. Finally, Truist Financial dropped their target price on shares of Malibu Boats from $34.00 to $31.00 and set a “hold” rating on the stock in a report on Monday, April 27th.

Hedge Funds Weigh In On Malibu Boats

Institutional investors have recently made changes to their positions in the stock. Wilson Asset Management International PTY Ltd. acquired a new position in shares of Malibu Boats during the fourth quarter valued at about $1,325,000. Cooke & Bieler LP raised its holdings in shares of Malibu Boats by 12.4% during the third quarter. Cooke & Bieler LP now owns 1,544,091 shares of the company’s stock valued at $50,106,000 after purchasing an additional 170,178 shares during the period. Lodge Hill Capital LLC raised its holdings in shares of Malibu Boats by 12.7% during the third quarter. Lodge Hill Capital LLC now owns 885,014 shares of the company’s stock valued at $28,719,000 after purchasing an additional 100,000 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Malibu Boats during the third quarter valued at about $1,041,000. Finally, Dean Capital Management raised its holdings in shares of Malibu Boats by 107.4% during the third quarter. Dean Capital Management now owns 100,285 shares of the company’s stock valued at $3,254,000 after purchasing an additional 51,927 shares during the period. Institutional investors and hedge funds own 91.35% of the company’s stock.

Malibu Boats Price Performance

MBUU stock opened at $27.57 on Friday. The firm has a market cap of $541.39 million, a price-to-earnings ratio of -459.50 and a beta of 1.13. The company has a quick ratio of 0.44, a current ratio of 1.31 and a debt-to-equity ratio of 0.32. Malibu Boats has a 12-month low of $23.84 and a 12-month high of $39.65. The company’s fifty day simple moving average is $26.01 and its 200 day simple moving average is $28.29.

Malibu Boats (NASDAQ:MBUU) last released its earnings results on Thursday, May 7th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.27. The business had revenue of $235.70 million for the quarter, compared to analyst estimates of $203.46 million. Malibu Boats had a negative net margin of 0.11% and a positive return on equity of 3.28%. Malibu Boats’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. On average, analysts expect that Malibu Boats will post 1.08 earnings per share for the current year.

Malibu Boats Company Profile

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.