Malibu Boats, Inc. (NASDAQ:MBUU) Receives $44.57 Average Price Target from Analysts

Shares of Malibu Boats, Inc. (NASDAQ:MBUU) have been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $44.57.

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of Malibu Boats to a “sell” rating in a research report on Saturday, November 2nd. KeyCorp upped their target price on shares of Malibu Boats from $38.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Robert W. Baird lifted their price target on Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Truist Financial boosted their price objective on Malibu Boats from $32.00 to $42.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Benchmark restated a “buy” rating and issued a $44.00 target price on shares of Malibu Boats in a research report on Friday, November 1st.

Malibu Boats Stock Up 0.3 %

NASDAQ:MBUU opened at $41.50 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average of $40.35 and a 200-day moving average of $37.19. The firm has a market capitalization of $818.38 million, a PE ratio of -10.38 and a beta of 1.36. Malibu Boats has a 52 week low of $30.20 and a 52 week high of $56.03.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.16. Malibu Boats had a positive return on equity of 2.39% and a negative net margin of 10.90%. The firm had revenue of $171.60 million during the quarter, compared to the consensus estimate of $165.33 million. During the same period in the prior year, the business earned $1.07 EPS. The firm’s revenue was down 32.9% on a year-over-year basis. Analysts predict that Malibu Boats will post 2.01 EPS for the current year.

Institutional Investors Weigh In On Malibu Boats

A number of institutional investors have recently added to or reduced their stakes in MBUU. Pzena Investment Management LLC raised its stake in shares of Malibu Boats by 5.2% in the 3rd quarter. Pzena Investment Management LLC now owns 1,555,331 shares of the company’s stock worth $60,362,000 after buying an additional 77,015 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Malibu Boats by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,131,877 shares of the company’s stock worth $39,661,000 after acquiring an additional 111,699 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Malibu Boats by 94.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 843,605 shares of the company’s stock valued at $29,560,000 after acquiring an additional 409,574 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in shares of Malibu Boats by 231.4% during the 1st quarter. Lord Abbett & CO. LLC now owns 312,731 shares of the company’s stock valued at $13,535,000 after purchasing an additional 218,378 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of Malibu Boats by 7.2% in the 1st quarter. Bessemer Group Inc. now owns 307,486 shares of the company’s stock worth $13,307,000 after purchasing an additional 20,700 shares during the last quarter. 91.35% of the stock is currently owned by institutional investors and hedge funds.

About Malibu Boats

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.