Malibu Boats, Inc. (NASDAQ:MBUU)‘s stock had its “buy” rating restated by stock analysts at KeyCorp in a report released on Friday. They currently have a $33.00 price objective on the stock. KeyCorp’s price objective suggests a potential upside of 18.71% from the stock’s current price.
MBUU has been the subject of a number of other reports. Aegis initiated coverage on shares of Malibu Boats in a research note on Monday, October 2nd. They set a “buy” rating and a $37.00 price objective for the company. Zacks Investment Research downgraded shares of Malibu Boats from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. B. Riley restated a “neutral” rating and set a $29.50 price objective (up from $25.50) on shares of Malibu Boats in a research note on Monday, November 6th. Wells Fargo & Company restated an “outperform” rating and set a $36.00 price objective (up from $30.00) on shares of Malibu Boats in a research note on Wednesday. Finally, ValuEngine upgraded shares of Malibu Boats from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Malibu Boats currently has an average rating of “Buy” and a consensus price target of $32.06.
Malibu Boats (MBUU) opened at $27.80 on Friday. The stock has a market capitalization of $565.38, a PE ratio of 16.58, a price-to-earnings-growth ratio of 0.97 and a beta of 1.02. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.18 and a current ratio of 1.46. Malibu Boats has a 1-year low of $16.66 and a 1-year high of $33.35.
Malibu Boats (NASDAQ:MBUU) last released its earnings results on Thursday, September 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The firm had revenue of $75.11 million during the quarter, compared to analysts’ expectations of $73.35 million. Malibu Boats had a return on equity of 54.78% and a net margin of 9.42%. The company’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. equities analysts forecast that Malibu Boats will post 1.91 earnings per share for the current year.
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A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Malibu Boats by 10.7% in the 2nd quarter. Vanguard Group Inc. now owns 893,667 shares of the company’s stock valued at $23,120,000 after purchasing an additional 86,128 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in Malibu Boats by 1.9% in the 2nd quarter. Lord Abbett & CO. LLC now owns 873,928 shares of the company’s stock valued at $22,609,000 after purchasing an additional 16,256 shares during the last quarter. American Century Companies Inc. lifted its stake in Malibu Boats by 42.5% in the 3rd quarter. American Century Companies Inc. now owns 664,496 shares of the company’s stock valued at $21,025,000 after purchasing an additional 198,283 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Malibu Boats by 28.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 483,670 shares of the company’s stock valued at $12,513,000 after purchasing an additional 107,413 shares during the last quarter. Finally, Hood River Capital Management LLC lifted its stake in Malibu Boats by 2.3% in the 3rd quarter. Hood River Capital Management LLC now owns 418,103 shares of the company’s stock valued at $13,229,000 after purchasing an additional 9,461 shares during the last quarter. Institutional investors and hedge funds own 90.09% of the company’s stock.
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.
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