Malibu Boats’ (MBUU) Neutral Rating Reiterated at Robert W. Baird

Robert W. Baird restated their neutral rating on shares of Malibu Boats (NASDAQ:MBUU) in a research note issued to investors on Friday, Marketbeat reports. They currently have a $32.00 price target on the stock, down from their prior price target of $50.00.

Several other equities analysts have also recently issued reports on the company. KeyCorp cut Malibu Boats from an “overweight” rating to a “sector weight” rating in a research note on Thursday, March 20th. StockNews.com raised shares of Malibu Boats from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Truist Financial raised their target price on shares of Malibu Boats from $34.00 to $38.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. B. Riley upgraded shares of Malibu Boats to a “hold” rating in a research report on Wednesday, February 12th. Finally, Benchmark restated a “buy” rating and issued a $44.00 price objective on shares of Malibu Boats in a report on Tuesday, February 4th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Malibu Boats currently has an average rating of “Hold” and a consensus price target of $39.83.

Malibu Boats Trading Down 0.7 %

Shares of MBUU opened at $28.51 on Friday. The stock has a market capitalization of $559.79 million, a P/E ratio of -6.55 and a beta of 1.42. Malibu Boats has a twelve month low of $25.93 and a twelve month high of $47.82. 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 firm has a fifty day simple moving average of $33.71 and a two-hundred day simple moving average of $37.87.

Malibu Boats (NASDAQ:MBUU) last posted its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share 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, research analysts anticipate that Malibu Boats will post 1.69 EPS for the current year.

Institutional Investors Weigh In On Malibu Boats

Several hedge funds have recently bought and sold shares of MBUU. Heck Capital Advisors LLC bought a new position in shares of Malibu Boats during the fourth quarter valued at approximately $38,000. Quarry LP bought a new position in Malibu Boats during the 4th quarter valued at approximately $45,000. Central Pacific Bank Trust Division raised its stake 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 valued at $136,000 after buying an additional 368 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Malibu Boats in the fourth quarter worth $150,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Malibu Boats in the fourth quarter worth $207,000. 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.