BidaskClub cut shares of Malibu Boats (NASDAQ:MBUU) from a strong-buy rating to a buy rating in a report issued on Friday, March 16th.
Several other equities research analysts also recently commented on the stock. SunTrust Banks reaffirmed a buy rating and set a $37.00 price objective on shares of Malibu Boats in a report on Friday, February 9th. Zacks Investment Research upgraded shares of Malibu Boats from a hold rating to a buy rating and set a $33.00 price objective on the stock in a research report on Tuesday, January 16th. B. Riley increased their price target on shares of Malibu Boats from $29.50 to $32.25 and gave the company a neutral rating in a research report on Monday, February 12th. KeyCorp reissued an overweight rating and set a $38.00 price objective (up previously from $33.00) on shares of Malibu Boats in a research note on Friday, February 9th. Finally, ValuEngine raised Malibu Boats from a hold rating to a buy rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of Buy and an average target price of $35.28.
NASDAQ:MBUU traded down $0.05 during mid-day trading on Friday, hitting $33.57. 202,697 shares of the company’s stock were exchanged, compared to its average volume of 197,216. The company has a market cap of $688.52, a PE ratio of 18.55, a P/E/G ratio of 1.02 and a beta of 1.02. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.70 and a quick ratio of 0.92. Malibu Boats has a fifty-two week low of $21.44 and a fifty-two week high of $36.81.
Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings results on Friday, February 9th. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.04. The business had revenue of $114.37 million during the quarter, compared to analyst estimates of $108.84 million. Malibu Boats had a net margin of 4.64% and a return on equity of 44.97%. Malibu Boats’s quarterly revenue was up 69.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 EPS. equities research analysts expect that Malibu Boats will post 2.19 EPS for the current year.
In other news, VP Dan L. Gasper sold 15,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $34.15, for a total transaction of $512,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.50% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the company. Lazard Asset Management LLC increased its holdings in shares of Malibu Boats by 87.0% during the fourth quarter. Lazard Asset Management LLC now owns 1,521,832 shares of the company’s stock valued at $45,244,000 after acquiring an additional 707,932 shares in the last quarter. ArrowMark Colorado Holdings LLC boosted its position in Malibu Boats by 2.3% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 747,779 shares of the company’s stock worth $22,231,000 after purchasing an additional 16,479 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Malibu Boats by 18.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 572,820 shares of the company’s stock valued at $18,124,000 after buying an additional 89,150 shares in the last quarter. Cooke & Bieler LP lifted its position in shares of Malibu Boats by 53.8% during the 4th quarter. Cooke & Bieler LP now owns 562,750 shares of the company’s stock valued at $16,731,000 after buying an additional 196,930 shares in the last quarter. Finally, Hood River Capital Management LLC lifted its position in shares of Malibu Boats by 7.8% during the 4th quarter. Hood River Capital Management LLC now owns 450,828 shares of the company’s stock valued at $13,403,000 after buying an additional 32,725 shares in the last quarter.
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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.
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