Shares of Malibu Boats, Inc. (NASDAQ:MBUU) have been given a consensus rating of “Buy” by the eleven research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $32.31.

Several equities analysts have commented on the stock. B. Riley reissued a “neutral” rating and set a $25.50 target price on shares of Malibu Boats in a research report on Wednesday, September 13th. ValuEngine cut shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Aegis assumed coverage on shares of Malibu Boats in a research report on Monday, October 2nd. They set a “buy” rating and a $37.00 target price on the stock. Zacks Investment Research raised shares of Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a research report on Saturday, August 12th. Finally, KeyCorp reissued a “buy” rating and set a $33.00 target price on shares of Malibu Boats in a research report on Friday, November 10th.

Malibu Boats (NASDAQ MBUU) opened at $30.74 on Monday. The stock has a market capitalization of $626.30, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.71 and a current ratio of 1.46. Malibu Boats has a 12 month low of $17.17 and a 12 month high of $33.35.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings results on Thursday, September 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $75.11 million during the quarter, compared to the consensus estimate of $73.35 million. Malibu Boats had a return on equity of 54.78% and a net margin of 9.42%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. equities research analysts expect that Malibu Boats will post 1.91 earnings per share for the current fiscal year.

In other Malibu Boats news, CFO Wayne R. Wilson sold 35,000 shares of Malibu Boats stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $31.20, for a total transaction of $1,092,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jackie D. Jr. Springer sold 40,000 shares of Malibu Boats stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $27.76, for a total transaction of $1,110,400.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,497 shares of company stock worth $2,716,297. Insiders own 3.50% of the company’s stock.

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of Malibu Boats in the 2nd quarter worth approximately $116,000. Susquehanna International Group LLP bought a new stake in shares of Malibu Boats in the 2nd quarter worth approximately $200,000. Stevens Capital Management LP bought a new stake in shares of Malibu Boats in the 2nd quarter worth approximately $201,000. Laurion Capital Management LP bought a new stake in shares of Malibu Boats in the 2nd quarter worth approximately $211,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Malibu Boats in the 2nd quarter worth approximately $211,000.

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About Malibu Boats

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.

Analyst Recommendations for Malibu Boats (NASDAQ:MBUU)

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