SunTrust Banks reissued their buy rating on shares of Malibu Boats (NASDAQ:MBUU) in a report published on Friday. They currently have a $37.00 target price on the stock.
A number of other equities research analysts also recently issued reports on the company. KeyCorp reissued an overweight rating and set a $38.00 price target (up previously from $33.00) on shares of Malibu Boats in a research report on Friday. Zacks Investment Research downgraded Malibu Boats from a buy rating to a hold rating in a research report on Wednesday, February 7th. ValuEngine raised Malibu Boats from a hold rating to a buy rating in a research report on Friday, February 2nd. BidaskClub raised Malibu Boats from a hold rating to a buy rating in a research report on Friday, January 26th. Finally, BMO Capital Markets boosted their price target on Malibu Boats from $32.00 to $34.00 and gave the company an outperform rating in a research report on Monday, November 13th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $33.78.
Shares of Malibu Boats (NASDAQ MBUU) opened at $33.47 on Friday. Malibu Boats has a 1 year low of $20.21 and a 1 year 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 PE ratio of 34.15, a price-to-earnings-growth 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, beating the Zacks’ consensus estimate of $0.47 by $0.04. Malibu Boats had a return on equity of 51.61% and a net margin of 4.64%. The firm had revenue of $114.37 million during the quarter, compared to the consensus estimate of $108.84 million. During the same quarter in the previous year, the business earned $0.38 earnings per share. The firm’s quarterly revenue was up 69.0% compared to the same quarter last year. equities research analysts forecast that Malibu Boats will post 1.96 EPS for the current year.
In other Malibu Boats news, COO Ritchie L. Anderson sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $31.15, for a total transaction of $467,250.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jackie D. Jr. Springer sold 40,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was 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. In the last 90 days, insiders have sold 91,497 shares of company stock worth $2,853,897. 3.50% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of MBUU. Tower Research Capital LLC TRC lifted its stake in shares of Malibu Boats by 126.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,445 shares of the company’s stock worth $133,000 after purchasing an additional 2,485 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of Malibu Boats in the second quarter worth about $200,000. Alliancebernstein L.P. acquired a new position in shares of Malibu Boats in the second quarter worth about $269,000. Voya Investment Management LLC lifted its stake in shares of Malibu Boats by 14.9% in the second quarter. Voya Investment Management LLC now owns 10,529 shares of the company’s stock worth $272,000 after acquiring an additional 1,366 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Malibu Boats in the third quarter worth about $288,000.
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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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