Benchmark Reiterates “Buy” Rating for Malibu Boats (NASDAQ:MBUU)

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

Several other equities analysts also recently commented on MBUU. KeyCorp decreased their target price on Malibu Boats from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. 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. Robert W. Baird upped their target price on Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Truist Financial upped their target price on Malibu Boats from $34.00 to $38.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Finally, StockNews.com raised Malibu Boats to a “sell” rating in a research report on Saturday, November 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.83.

Malibu Boats Price Performance

NASDAQ:MBUU 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. The stock’s 50 day moving average price is $38.71 and its two-hundred day moving average price is $38.79. The firm has a market capitalization of $732.57 million, a price-to-earnings ratio of -8.57 and a beta of 1.33. Malibu Boats has a 12-month low of $30.20 and a 12-month high of $50.39.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). Malibu Boats had a negative net margin of 12.09% and a positive return on equity of 1.04%. On average, analysts anticipate that Malibu Boats will post 2.06 earnings per share for the current year.

Institutional Investors Weigh In On Malibu Boats

Large investors have recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC acquired a new stake in Malibu Boats during the fourth quarter worth approximately $38,000. Studio Investment Management LLC boosted its holdings in shares of Malibu Boats by 53.7% in the 3rd quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock valued at $42,000 after purchasing an additional 380 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Malibu Boats in the 3rd quarter valued at $74,000. Central Pacific Bank Trust Division boosted its holdings in shares of Malibu Boats by 11.3% in the 4th 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 in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Malibu Boats by 31.6% in the 3rd quarter. SG Americas Securities LLC now owns 5,212 shares of the company’s stock valued at $202,000 after purchasing an additional 1,252 shares in 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.