Malibu Boats, Inc. (NASDAQ:MBUU) Receives $36.40 Average Target Price from Brokerages

Malibu Boats, Inc. (NASDAQ:MBUU) has been assigned an average rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $36.40.

Separately, DA Davidson initiated coverage on shares of Malibu Boats in a research report on Tuesday, June 3rd. They set a “neutral” rating and a $33.00 price objective for the company.

Malibu Boats Stock Performance

Shares of MBUU stock opened at $36.34 on Thursday. The company has a market cap of $697.36 million, a price-to-earnings ratio of -88.63 and a beta of 1.12. Malibu Boats has a 52 week low of $24.42 and a 52 week high of $47.82. The company has a quick ratio of 0.61, a current ratio of 1.60 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $33.60 and a 200-day moving average of $32.12.

Hedge Funds Weigh In On Malibu Boats

Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in shares of Malibu Boats by 7.9% during the 4th quarter. Wells Fargo & Company MN now owns 16,452 shares of the company’s stock worth $618,000 after purchasing an additional 1,211 shares during the period. Invesco Ltd. raised its stake in shares of Malibu Boats by 2.4% during the 4th quarter. Invesco Ltd. now owns 49,005 shares of the company’s stock worth $1,842,000 after purchasing an additional 1,141 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Malibu Boats during the 4th quarter worth $8,221,000. Lodge Hill Capital LLC raised its stake in shares of Malibu Boats by 74.6% during the 4th quarter. Lodge Hill Capital LLC now owns 530,514 shares of the company’s stock worth $19,942,000 after purchasing an additional 226,650 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Malibu Boats by 518.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company’s stock worth $224,000 after purchasing an additional 5,001 shares during the period. 91.35% of the stock is currently owned by institutional investors.

Malibu Boats Company Profile

Malibu Boats, Inc designs, engineers, manufactures, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company provides performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands.