Analysts Set Malibu Boats, Inc. (NASDAQ:MBUU) Price Target at $42.83

Malibu Boats, Inc. (NASDAQ:MBUU) has received an average rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $42.83.

Several analysts recently issued reports on the company. B. Riley upgraded Malibu Boats to a “hold” rating in a report on Wednesday, February 12th. StockNews.com upgraded Malibu Boats from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Benchmark restated a “buy” rating and set a $44.00 target price on shares of Malibu Boats in a report on Tuesday, February 4th. KeyCorp lowered Malibu Boats from an “overweight” rating to a “sector weight” rating in a report on Thursday. Finally, Truist Financial raised their target price on Malibu Boats from $34.00 to $38.00 and gave the company a “hold” rating in a report on Friday, January 31st.

Malibu Boats Stock Performance

MBUU opened at $29.55 on Monday. The firm has a market cap of $580.21 million, a PE ratio of -6.79 and a beta of 1.42. The company has a quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $34.91 and a 200-day simple moving average of $38.37. Malibu Boats has a fifty-two week low of $29.02 and a fifty-two week high of $47.82.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate 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 1.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Malibu Boats

Institutional investors have recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in Malibu Boats during the fourth quarter valued at approximately $38,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Malibu Boats by 17.7% during 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 purchasing an additional 7,925 shares in the last quarter. Tybourne Capital Management HK Ltd. acquired a new stake in Malibu Boats during the fourth quarter valued at approximately $3,006,000. ProShare Advisors LLC acquired a new stake in Malibu Boats during the fourth quarter valued at approximately $207,000. Finally, Janus Henderson Group PLC boosted its holdings in Malibu Boats by 31.6% during the fourth quarter. Janus Henderson Group PLC now owns 314,079 shares of the company’s stock valued at $11,807,000 after purchasing an additional 75,503 shares in the last quarter. 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.