B. Riley Boosts Malibu Boats (MBUU) Price Target to $32.25

Malibu Boats (NASDAQ:MBUU) had its price target hoisted by B. Riley from $29.50 to $32.25 in a research report issued on Monday. The firm currently has a “neutral” rating on the stock. B. Riley’s price target would suggest a potential downside of 3.44% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. SunTrust Banks restated a “buy” rating and set a $37.00 price objective on shares of Malibu Boats in a research note on Friday. KeyCorp set a $38.00 price objective on Malibu Boats and gave the stock a “buy” rating in a research note on Friday. ValuEngine upgraded Malibu Boats from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub cut Malibu Boats from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Zacks Investment Research cut Malibu Boats from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $33.78.

Malibu Boats (NASDAQ:MBUU) opened at $33.40 on Monday. Malibu Boats has a 12-month low of $20.21 and a 12-month high of $34.88. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.71 and a current ratio of 1.46. The stock has a market capitalization of $685.02, a price-to-earnings ratio of 34.08, a PEG ratio of 1.14 and a beta of 1.07.

Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings results on Friday, February 9th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Malibu Boats had a return on equity of 51.61% and a net margin of 4.64%. The business had revenue of $114.37 million for the quarter, compared to the consensus estimate of $108.84 million. During the same quarter in the prior year, the company earned $0.38 EPS. The business’s revenue was up 69.0% compared to the same quarter last year. research analysts forecast that Malibu Boats will post 1.96 earnings per share for the current fiscal year.

In other Malibu Boats news, VP Deborah S. Kent sold 1,497 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $31.16, for a total value of $46,646.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jackie D. Jr. Springer sold 40,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $31.20, for a total value of $1,248,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 91,497 shares of company stock valued at $2,853,897 over the last 90 days. 3.50% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its stake in Malibu Boats by 126.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,445 shares of the company’s stock valued at $133,000 after buying an additional 2,485 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in Malibu Boats in the second quarter valued at about $200,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Malibu Boats in the third quarter valued at about $288,000. Cavalier Investments LLC purchased a new stake in Malibu Boats in the third quarter valued at about $318,000. Finally, Alliancebernstein L.P. purchased a new stake in Malibu Boats in the second quarter valued at about $269,000.

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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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