Malibu Boats, Inc. (NASDAQ:MBUU) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Malibu Boats, Inc. (NASDAQ:MBUUGet Rating) have received a consensus rating of “Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $68.57.

A number of research analysts have recently issued reports on MBUU shares. Robert W. Baird increased their target price on Malibu Boats from $62.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, August 26th. Truist Financial decreased their target price on Malibu Boats from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, October 5th. BMO Capital Markets decreased their price objective on Malibu Boats from $94.00 to $76.00 and set an “outperform” rating on the stock in a report on Monday, November 7th. B. Riley decreased their price objective on Malibu Boats from $89.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, October 25th. Finally, StockNews.com upgraded Malibu Boats from a “hold” rating to a “buy” rating in a report on Monday, October 31st.

Malibu Boats Price Performance

Shares of NASDAQ MBUU opened at $56.72 on Friday. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 7.16 and a beta of 1.60. Malibu Boats has a 12 month low of $46.30 and a 12 month high of $76.80. The firm’s 50 day simple moving average is $52.13 and its 200-day simple moving average is $56.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.91 and a quick ratio of 0.67.

Malibu Boats (NASDAQ:MBUUGet Rating) last issued its quarterly earnings data on Thursday, August 25th. The company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.10. The business had revenue of $353.20 million for the quarter, compared to analysts’ expectations of $329.01 million. Malibu Boats had a net margin of 13.10% and a return on equity of 35.49%. The business’s revenue was up 27.6% on a year-over-year basis. During the same quarter last year, the company earned $1.77 EPS. Analysts expect that Malibu Boats will post 7.93 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MBUU. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Malibu Boats by 20.0% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 368,625 shares of the company’s stock worth $21,384,000 after acquiring an additional 61,365 shares during the period. FDx Advisors Inc. raised its holdings in shares of Malibu Boats by 40.2% during the 1st quarter. FDx Advisors Inc. now owns 4,521 shares of the company’s stock worth $262,000 after acquiring an additional 1,297 shares during the period. NBW Capital LLC increased its position in shares of Malibu Boats by 0.3% during the 1st quarter. NBW Capital LLC now owns 90,127 shares of the company’s stock worth $5,228,000 after purchasing an additional 271 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Malibu Boats by 13.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 45,822 shares of the company’s stock worth $2,658,000 after purchasing an additional 5,328 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Malibu Boats by 1.7% during the 1st quarter. Victory Capital Management Inc. now owns 24,549 shares of the company’s stock worth $1,368,000 after purchasing an additional 414 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Malibu Boats Company Profile

(Get Rating)

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.

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Analyst Recommendations for Malibu Boats (NASDAQ:MBUU)

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