Malibu Boats Inc. (NASDAQ:MBUU) has received an average recommendation of “Hold” from the seven brokerages that are presently covering the firm. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $20.67.

Several equities research analysts have recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $19.00 target price on shares of Malibu Boats in a report on Monday, September 12th. SunTrust Banks Inc. upped their target price on shares of Malibu Boats from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, September 8th. Zacks Investment Research lowered shares of Malibu Boats from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. TheStreet raised shares of Malibu Boats from a “sell” rating to a “hold” rating in a report on Wednesday, September 7th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of Malibu Boats in a report on Thursday, August 18th.

Malibu Boats (NASDAQ:MBUU) opened at 17.51 on Thursday. The firm has a market cap of $310.31 million, a PE ratio of 17.34 and a beta of 0.71. The stock has a 50 day moving average of $15.38 and a 200 day moving average of $14.05. Malibu Boats has a 52 week low of $11.38 and a 52 week high of $18.08.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings results on Wednesday, September 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. Malibu Boats had a net margin of 7.09% and a return on equity of 217.30%. 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 previous year, the firm posted $0.32 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts anticipate that Malibu Boats will post $1.46 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Advisors LLC increased its position in shares of Malibu Boats by 0.8% in the second quarter. BlackRock Advisors LLC now owns 9,132 shares of the company’s stock valued at $110,000 after buying an additional 75 shares during the period. California State Teachers Retirement System increased its position in shares of Malibu Boats by 0.3% in the second quarter. California State Teachers Retirement System now owns 37,912 shares of the company’s stock valued at $458,000 after buying an additional 100 shares during the period. Rhumbline Advisers increased its position in shares of Malibu Boats by 0.8% in the third quarter. Rhumbline Advisers now owns 17,390 shares of the company’s stock valued at $259,000 after buying an additional 140 shares during the period. Victory Capital Management Inc. increased its position in shares of Malibu Boats by 0.7% in the third quarter. Victory Capital Management Inc. now owns 50,054 shares of the company’s stock valued at $746,000 after buying an additional 325 shares during the period. Finally, B. Riley Financial Inc. increased its position in shares of Malibu Boats by 7.5% in the second quarter. B. Riley Financial Inc. now owns 14,924 shares of the company’s stock valued at $180,000 after buying an additional 1,045 shares during the period. Institutional investors and hedge funds own 89.86% of the company’s stock.

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.

5 Day Chart for NASDAQ:MBUU

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