ValuEngine downgraded shares of Malibu Boats (NASDAQ:MBUU) from a buy rating to a hold rating in a research report released on Thursday.
A number of other research analysts also recently issued reports on MBUU. BidaskClub downgraded Malibu Boats from a buy rating to a hold rating in a research note on Tuesday, July 17th. SunTrust Banks boosted their price objective on Malibu Boats to $48.00 and gave the company a positive rating in a research note on Thursday, May 3rd. BMO Capital Markets boosted their price objective on Malibu Boats from $40.00 to $48.00 and gave the company an outperform rating in a research note on Thursday, May 3rd. Wells Fargo & Co downgraded Malibu Boats from an outperform rating to a market perform rating in a research note on Thursday, May 3rd. Finally, Zacks Investment Research upgraded Malibu Boats from a hold rating to a buy rating and set a $45.00 price objective for the company in a research note on Tuesday, May 8th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Malibu Boats presently has a consensus rating of Buy and an average target price of $41.75.
Shares of Malibu Boats opened at $38.58 on Thursday, Marketbeat reports. The company has a market cap of $791.85 million, a P/E ratio of 17.54, a P/E/G ratio of 0.93 and a beta of 1.11. The company has a quick ratio of 1.21, a current ratio of 1.87 and a debt-to-equity ratio of 0.85. Malibu Boats has a 12-month low of $25.00 and a 12-month high of $46.49.
Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings data on Wednesday, May 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.19. The company had revenue of $140.43 million during the quarter, compared to the consensus estimate of $125.92 million. Malibu Boats had a return on equity of 45.08% and a net margin of 5.73%. The firm’s revenue was up 82.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. sell-side analysts expect that Malibu Boats will post 2.37 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of MBUU. Schwab Charles Investment Management Inc. boosted its stake in Malibu Boats by 20.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 87,828 shares of the company’s stock worth $2,612,000 after purchasing an additional 14,930 shares during the period. First Trust Advisors LP boosted its stake in Malibu Boats by 15.0% in the 4th quarter. First Trust Advisors LP now owns 18,160 shares of the company’s stock worth $540,000 after purchasing an additional 2,371 shares during the period. Wells Fargo & Company MN boosted its stake in Malibu Boats by 20.1% in the 4th quarter. Wells Fargo & Company MN now owns 158,156 shares of the company’s stock worth $4,702,000 after purchasing an additional 26,460 shares during the period. Geode Capital Management LLC boosted its stake in Malibu Boats by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 185,910 shares of the company’s stock worth $5,527,000 after purchasing an additional 7,587 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Malibu Boats by 140.2% in the 4th quarter. Alliancebernstein L.P. now owns 20,900 shares of the company’s stock worth $621,000 after purchasing an additional 12,200 shares during the period.
Malibu Boats Company Profile
Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
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