Malibu Boats (NASDAQ:MBUU) Receives “Buy” Rating from Benchmark

Malibu Boats (NASDAQ:MBUU)‘s stock had its “buy” rating reaffirmed by stock analysts at Benchmark in a report released on Tuesday,Benzinga reports. They presently have a $44.00 target price on the stock. Benchmark’s target price indicates a potential upside of 20.71% from the stock’s current price.

A number of other brokerages have also recently commented on MBUU. KeyCorp dropped their price objective on shares of Malibu Boats from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. DA Davidson lowered Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price target for the company. in a research note on Friday, November 1st. Truist Financial lifted their price target on Malibu Boats from $34.00 to $38.00 and gave the stock a “hold” rating in a research note on Friday. StockNews.com raised Malibu Boats to a “sell” rating in a research note on Saturday, November 2nd. Finally, Robert W. Baird lifted their target price on shares of Malibu Boats from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $42.83.

Malibu Boats Stock Up 1.6 %

Shares of MBUU traded up $0.56 during mid-day trading on Tuesday, hitting $36.45. The company’s stock had a trading volume of 19,158 shares, compared to its average volume of 172,030. The company has a current ratio of 1.52, a quick ratio of 0.45 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average is $38.81 and its 200-day moving average is $38.79. Malibu Boats has a 52-week low of $30.20 and a 52-week high of $50.39. The firm has a market capitalization of $715.88 million, a price-to-earnings ratio of -8.38 and a beta of 1.33.

Malibu Boats (NASDAQ:MBUU) last announced its earnings results 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%. On average, equities research analysts forecast that Malibu Boats will post 2.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Malibu Boats

Hedge funds have recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in shares of Malibu Boats during the fourth quarter worth about $38,000. Studio Investment Management LLC increased its stake in Malibu Boats by 53.7% during the 3rd quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock worth $42,000 after buying an additional 380 shares during the period. nVerses Capital LLC acquired a new stake in shares of Malibu Boats in the third quarter valued at $74,000. Central Pacific Bank Trust Division boosted its holdings in 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 grew its stake in Malibu Boats by 31.6% during the 3rd 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 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.