Malibu Boats, Inc. (NASDAQ:MBUU) Receives $38.17 Consensus Price Target from Brokerages

Malibu Boats, Inc. (NASDAQ:MBUU) has earned a consensus rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $38.17.

Several analysts have recently issued reports on MBUU shares. Robert W. Baird reissued a “neutral” rating and set a $32.00 price target (down previously from $50.00) on shares of Malibu Boats in a research report on Friday, April 4th. KeyCorp cut shares of Malibu Boats from an “overweight” rating to a “sector weight” rating in a research report on Thursday, March 20th. Benchmark reiterated a “buy” rating and issued a $44.00 price objective on shares of Malibu Boats in a research note on Tuesday, February 4th. StockNews.com raised Malibu Boats from a “sell” rating to a “hold” rating in a research note on Tuesday, April 15th. Finally, DA Davidson raised Malibu Boats to a “hold” rating in a research report on Monday, April 14th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Exchange Traded Concepts LLC boosted its holdings in Malibu Boats by 4.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 7,977 shares of the company’s stock worth $300,000 after acquiring an additional 311 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Malibu Boats by 0.7% during the fourth quarter. Ameriprise Financial Inc. now owns 123,094 shares of the company’s stock worth $4,627,000 after purchasing an additional 815 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Malibu Boats in the fourth quarter valued at $38,000. Price T Rowe Associates Inc. MD grew its holdings in Malibu Boats by 10.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,111 shares of the company’s stock valued at $456,000 after purchasing an additional 1,103 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Malibu Boats by 2.4% during the 4th quarter. Invesco Ltd. now owns 49,005 shares of the company’s stock worth $1,842,000 after buying an additional 1,141 shares during the period. Hedge funds and other institutional investors own 91.35% of the company’s stock.

Malibu Boats Price Performance

Shares of MBUU stock opened at $30.77 on Tuesday. The firm’s 50-day moving average is $29.23 and its two-hundred day moving average is $35.72. Malibu Boats has a 12 month low of $24.43 and a 12 month high of $47.82. 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 company has a market capitalization of $604.17 million, a PE ratio of -7.07 and a beta of 1.23.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. Malibu Boats had a positive return on equity of 1.04% and a negative net margin of 12.09%. The firm had revenue of $228.66 million during the quarter, compared to the consensus estimate of $226.44 million. During the same period last year, the company earned $0.63 EPS. The company’s quarterly revenue was up 12.4% on a year-over-year basis. Analysts predict that Malibu Boats will post 1.69 earnings per share for the current 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.