Shares of Malibu Boats Inc. (NASDAQ:MBUU) have been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the stock. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $20.67.

Several equities analysts recently issued reports on MBUU shares. Wells Fargo & Co. reissued a “buy” rating on shares of Malibu Boats in a research note on Thursday, August 18th. B. Riley reissued a “buy” rating and set a $19.00 target price on shares of Malibu Boats in a research note on Wednesday, September 7th. Zacks Investment Research lowered Malibu Boats from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. SunTrust Banks Inc. increased their price target on Malibu Boats from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, September 8th. Finally, TheStreet raised Malibu Boats from a “sell” rating to a “hold” rating in a research report on Wednesday, September 7th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MBUU. JPMorgan Chase & Co. increased its position in Malibu Boats by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 1,802,702 shares of the company’s stock worth $21,776,000 after buying an additional 12,585 shares during the last quarter. Royal Bank of Canada increased its position in Malibu Boats by 4.5% in the second quarter. Royal Bank of Canada now owns 1,506,311 shares of the company’s stock worth $18,196,000 after buying an additional 64,228 shares during the last quarter. Wellington Management Group LLP increased its position in Malibu Boats by 8.3% in the first quarter. Wellington Management Group LLP now owns 1,157,517 shares of the company’s stock worth $18,983,000 after buying an additional 88,800 shares during the last quarter. Macquarie Group Ltd. increased its position in Malibu Boats by 33.7% in the second quarter. Macquarie Group Ltd. now owns 1,046,759 shares of the company’s stock worth $12,645,000 after buying an additional 263,731 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Malibu Boats by 10.4% in the second quarter. American Century Companies Inc. now owns 705,146 shares of the company’s stock worth $8,518,000 after buying an additional 66,223 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Malibu Boats (NASDAQ:MBUU) traded down 0.63% during mid-day trading on Thursday, hitting $14.24. 43,513 shares of the stock were exchanged. The stock has a 50 day moving average of $14.47 and a 200-day moving average of $14.21. Malibu Boats has a 52-week low of $11.38 and a 52-week high of $18.08. The stock has a market cap of $251.99 million, a price-to-earnings ratio of 14.24 and a beta of 0.72.

Malibu Boats (NASDAQ:MBUU) last posted its earnings results on Wednesday, September 7th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. Malibu Boats had a return on equity of 722.55% and a net margin of 7.13%. The firm had revenue of $66.70 million for the quarter, compared to analyst estimates of $64.09 million. During the same quarter in the prior year, the company earned $0.32 EPS. Malibu Boats’s revenue was up 9.9% on a year-over-year basis. Equities analysts predict that Malibu Boats will post $1.46 EPS for the current fiscal year.

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.

5 Day Chart for NASDAQ:MBUU

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