Shares of Malibu Boats Inc (NASDAQ:MBUU) have received a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $54.80.

Several equities research analysts recently issued reports on MBUU shares. Zacks Investment Research raised shares of Malibu Boats from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Thursday, January 17th. B. Riley raised shares of Malibu Boats from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 22nd. Finally, BidaskClub raised shares of Malibu Boats from a “hold” rating to a “buy” rating in a research report on Monday, February 4th.

Shares of MBUU traded down $0.04 during mid-day trading on Thursday, hitting $40.74. The company had a trading volume of 85,226 shares, compared to its average volume of 143,881. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 1.54. Malibu Boats has a 1-year low of $32.09 and a 1-year high of $59.57. The stock has a market capitalization of $848.90 million, a PE ratio of 13.18, a P/E/G ratio of 0.80 and a beta of 1.81.

Malibu Boats (NASDAQ:MBUU) last released its earnings results on Wednesday, February 6th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.13. Malibu Boats had a net margin of 9.44% and a return on equity of 45.92%. The business had revenue of $165.80 million for the quarter, compared to analysts’ expectations of $149.82 million. During the same period last year, the company earned $0.53 earnings per share. The company’s quarterly revenue was up 44.9% on a year-over-year basis. As a group, sell-side analysts expect that Malibu Boats will post 3.41 earnings per share for the current fiscal year.

In other Malibu Boats news, VP Deborah S. Kent sold 1,200 shares of Malibu Boats stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $45.06, for a total transaction of $54,072.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.35% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. TIAA CREF Investment Management LLC lifted its position in Malibu Boats by 111.5% during the third quarter. TIAA CREF Investment Management LLC now owns 93,380 shares of the company’s stock valued at $5,110,000 after buying an additional 49,228 shares in the last quarter. BlackRock Inc. lifted its position in Malibu Boats by 3.8% during the third quarter. BlackRock Inc. now owns 1,585,651 shares of the company’s stock valued at $86,766,000 after buying an additional 58,781 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Malibu Boats by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 801,719 shares of the company’s stock valued at $43,870,000 after buying an additional 25,322 shares in the last quarter. Psagot Investment House Ltd. lifted its position in Malibu Boats by 25.0% during the fourth quarter. Psagot Investment House Ltd. now owns 15,000 shares of the company’s stock valued at $522,000 after buying an additional 3,000 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new position in Malibu Boats during the fourth quarter valued at approximately $2,316,000. 99.09% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Malibu Boats (NASDAQ:MBUU)

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