Malibu Boats’ (MBUU) Buy Rating Reaffirmed at Benchmark

Benchmark restated their buy rating on shares of Malibu Boats (NASDAQ:MBUU) in a report released on Tuesday,Benzinga reports. They currently have a $44.00 price objective on the stock.

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

Malibu Boats Stock Up 3.9 %

Shares of Malibu Boats stock opened at $37.30 on Tuesday. The company has a quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. Malibu Boats has a 12 month low of $30.20 and a 12 month high of $50.39. The business has a fifty day simple moving average of $38.71 and a 200 day simple moving average of $38.79. The stock has a market cap of $732.57 million, a PE ratio of -8.57 and a beta of 1.33.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.20 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%. Research analysts predict that Malibu Boats will post 2.06 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in shares of Malibu Boats during the fourth quarter worth about $38,000. Studio Investment Management LLC raised its holdings in Malibu Boats by 53.7% during the third quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock worth $42,000 after acquiring an additional 380 shares in the last quarter. nVerses Capital LLC bought a new stake in Malibu Boats during the third quarter worth about $74,000. Central Pacific Bank Trust Division raised its holdings in Malibu Boats by 11.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock worth $136,000 after acquiring an additional 368 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings 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 acquiring an additional 1,252 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.