Malibu Boats Inc. (MBUU) Given Average Recommendation of “Hold” by Brokerages
Shares of Malibu Boats Inc. (NASDAQ:MBUU) have been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $20.67.
Several research firms recently weighed in on MBUU. B. Riley reiterated a “buy” rating and issued a $19.00 target price on shares of Malibu Boats in a research note on Wednesday, September 7th. SunTrust Banks Inc. raised their price target on shares of Malibu Boats from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, September 8th. Zacks Investment Research cut shares of Malibu Boats from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Wells Fargo & Co. restated a “buy” rating on shares of Malibu Boats in a research note on Thursday, August 18th. Finally, TheStreet upgraded shares of Malibu Boats from a “sell” rating to a “hold” rating in a research note on Wednesday, September 7th.
Malibu Boats (NASDAQ:MBUU) traded down 0.63% on Thursday, reaching $14.24. The company had a trading volume of 43,513 shares. Malibu Boats has a 12 month low of $11.38 and a 12 month high of $18.08. The firm has a market capitalization of $251.99 million, a PE ratio of 14.24 and a beta of 0.72. The stock has a 50 day moving average of $14.47 and a 200 day moving average of $14.21.
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Malibu Boats (NASDAQ:MBUU) last released its earnings results on Wednesday, September 7th. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. Malibu Boats had a net margin of 7.13% and a return on equity of 722.55%. The business earned $66.70 million during the quarter, compared to analysts’ expectations of $64.09 million. During the same quarter last year, the company earned $0.32 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. On average, analysts anticipate that Malibu Boats will post $1.46 EPS for the current year.
Several hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in Malibu Boats by 14.8% in the second quarter. Ameriprise Financial Inc. now owns 338,089 shares of the company’s stock valued at $4,085,000 after buying an additional 43,646 shares during the last quarter. Oxford Asset Management raised its stake in Malibu Boats by 40.6% in the second quarter. Oxford Asset Management now owns 107,594 shares of the company’s stock valued at $1,300,000 after buying an additional 31,060 shares during the last quarter. GSA Capital Partners LLP raised its stake in Malibu Boats by 3.0% in the second quarter. GSA Capital Partners LLP now owns 63,653 shares of the company’s stock valued at $769,000 after buying an additional 1,842 shares during the last quarter. California Public Employees Retirement System purchased a new stake in Malibu Boats during the second quarter valued at $341,000. Finally, Emerald Acquisition Ltd. purchased a new stake in Malibu Boats during the second quarter valued at $3,496,000. 93.93% of the stock is owned by institutional investors.
Malibu Boats Company Profile
Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.
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