Malibu Boats, Inc. (NASDAQ:MBUU) Given Average Recommendation of “Reduce” by Brokerages

Shares of Malibu Boats, Inc. (NASDAQ:MBUU) have earned a consensus recommendation of “Reduce” from the nine ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $36.00.

Several analysts have commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Malibu Boats in a report on Wednesday, October 8th. DA Davidson dropped their target price on shares of Malibu Boats from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Monday, September 8th. Finally, Zacks Research cut Malibu Boats from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 4th.

Malibu Boats Trading Down 2.0%

NASDAQ:MBUU opened at $33.82 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.63 and a quick ratio of 0.58. The stock has a market capitalization of $650.87 million, a PE ratio of 43.92 and a beta of 1.20. The business’s 50-day simple moving average is $32.95 and its 200-day simple moving average is $32.21. Malibu Boats has a fifty-two week low of $24.42 and a fifty-two week high of $47.82.

Malibu Boats (NASDAQ:MBUU) last announced its earnings results on Thursday, August 28th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). The company had revenue of $207.04 million for the quarter, compared to analyst estimates of $195.28 million. Malibu Boats had a return on equity of 4.93% and a net margin of 1.84%.The business’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.39) earnings per share. Sell-side analysts expect that Malibu Boats will post 1.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Malibu Boats

Institutional investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Malibu Boats in the 1st quarter valued at approximately $895,000. Russell Investments Group Ltd. lifted its stake in Malibu Boats by 233.3% in the 1st quarter. Russell Investments Group Ltd. now owns 15,790 shares of the company’s stock valued at $484,000 after acquiring an additional 11,053 shares in the last quarter. Vanguard Group Inc. lifted its stake in Malibu Boats by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 1,216,269 shares of the company’s stock valued at $37,315,000 after acquiring an additional 18,187 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Malibu Boats by 28.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 219,769 shares of the company’s stock valued at $6,743,000 after acquiring an additional 49,107 shares in the last quarter. Finally, Lodge Hill Capital LLC lifted its stake in Malibu Boats by 23.0% in the 1st quarter. Lodge Hill Capital LLC now owns 652,674 shares of the company’s stock valued at $20,024,000 after acquiring an additional 122,160 shares in the last quarter. Institutional investors 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.