Malibu Boats’ (MBUU) Buy Rating Reiterated at Benchmark

Benchmark reissued their buy rating on shares of Malibu Boats (NASDAQ:MBUU) in a research note released on Tuesday,Benzinga reports. Benchmark currently has a $44.00 price target on the stock.

Several other equities research analysts have also commented on the stock. KeyCorp cut their price target on shares of Malibu Boats from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. StockNews.com raised shares of Malibu Boats to a “sell” rating in a research note on Saturday, November 2nd. Robert W. Baird raised their price target on shares of Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Truist Financial boosted their price objective on Malibu Boats from $34.00 to $38.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Finally, DA Davidson downgraded Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Malibu Boats currently has an average rating of “Hold” and an average target price of $42.83.

Malibu Boats Trading Up 2.2 %

Shares of Malibu Boats stock opened at $39.26 on Tuesday. Malibu Boats has a fifty-two week low of $30.20 and a fifty-two week high of $50.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.45 and a current ratio of 1.52. The company has a market cap of $770.87 million, a P/E ratio of -9.03 and a beta of 1.33. The firm has a 50-day simple moving average of $38.61 and a two-hundred day simple moving average of $38.79.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) 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 analysts predict that Malibu Boats will post 2.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Malibu Boats

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new position in Malibu Boats during the fourth quarter worth $38,000. Studio Investment Management LLC boosted its position in shares of Malibu Boats by 53.7% during the 3rd quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock valued at $42,000 after acquiring an additional 380 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Malibu Boats during the 3rd quarter valued at about $74,000. Central Pacific Bank Trust Division grew its holdings in shares of Malibu Boats by 11.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock valued at $136,000 after purchasing an additional 368 shares during the period. Finally, SG Americas Securities LLC increased its position in Malibu Boats by 31.6% during the third quarter. SG Americas Securities LLC now owns 5,212 shares of the company’s stock worth $202,000 after purchasing an additional 1,252 shares during the last quarter. Institutional investors and hedge funds own 91.35% of the company’s stock.

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.