Malibu Boats, Inc. (NASDAQ:MBUU) Receives $39.83 Consensus Price Target from Analysts

Shares of Malibu Boats, Inc. (NASDAQ:MBUU) have been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $39.83.

A number of equities analysts have issued reports on the stock. Robert W. Baird reissued a “neutral” rating and issued a $32.00 target price (down previously from $50.00) on shares of Malibu Boats in a report on Friday, April 4th. Baird R W lowered Malibu Boats from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Benchmark reissued a “buy” rating and set a $44.00 price target on shares of Malibu Boats in a report on Tuesday, February 4th. KeyCorp cut shares of Malibu Boats from an “overweight” rating to a “sector weight” rating in a report on Thursday, March 20th. Finally, B. Riley raised shares of Malibu Boats to a “hold” rating in a research note on Wednesday, February 12th.

Malibu Boats Stock Performance

MBUU stock opened at $27.21 on Friday. The stock’s 50 day simple moving average is $32.12 and its 200 day simple moving average is $37.28. Malibu Boats has a 12-month low of $24.43 and a 12-month high of $47.82. The firm has a market cap of $534.27 million, a P/E ratio of -6.26 and a beta of 1.27. The company has a current ratio of 1.52, a quick ratio of 0.45 and a debt-to-equity ratio of 0.04.

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

Institutional Investors Weigh In On Malibu Boats

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of Malibu Boats by 2,154.4% in the 1st quarter. GAMMA Investing LLC now owns 4,847 shares of the company’s stock worth $158,000 after purchasing an additional 4,632 shares in the last quarter. Wellington Management Group LLP grew its position in Malibu Boats by 3.8% in the fourth quarter. Wellington Management Group LLP now owns 1,533,605 shares of the company’s stock worth $57,648,000 after buying an additional 56,629 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of Malibu Boats in the fourth quarter valued at $38,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Malibu Boats by 17.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 52,636 shares of the company’s stock valued at $1,979,000 after buying an additional 7,925 shares in the last quarter. Finally, Tybourne Capital Management HK Ltd. acquired a new stake in shares of Malibu Boats during the 4th quarter valued at $3,006,000. 91.35% of the stock is owned by institutional investors and hedge funds.

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.