BidaskClub lowered shares of Malibu Boats (NASDAQ:MBUU) from a sell rating to a strong sell rating in a research report report published on Wednesday, BidAskClub reports.

Other equities analysts have also issued research reports about the stock. Raymond James boosted their target price on shares of Franco Nevada from $94.00 to $98.00 and gave the company an outperform rating in a report on Monday, July 22nd. Zacks Investment Research downgraded shares of Zafgen from a buy rating to a hold rating in a research note on Saturday, July 20th. KeyCorp reaffirmed an overweight rating and issued a $55.00 price target (down from $65.00) on shares of Brunswick in a research note on Monday, July 22nd. ValuEngine raised shares of Zumiez from a sell rating to a hold rating in a research note on Monday, July 22nd. Finally, B. Riley set a $6.00 price target on shares of Intevac and gave the company a hold rating in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Malibu Boats has an average rating of Hold and a consensus price target of $53.29.

MBUU stock traded up $0.18 during midday trading on Wednesday, hitting $30.47. The stock had a trading volume of 251,888 shares, compared to its average volume of 231,354. The firm has a market cap of $631.14 million, a price-to-earnings ratio of 12.09, a P/E/G ratio of 0.78 and a beta of 1.82. The company has a current ratio of 1.61, a quick ratio of 0.72 and a debt-to-equity ratio of 0.68. Malibu Boats has a 1-year low of $29.62 and a 1-year high of $59.57. The company’s fifty day moving average price is $37.13.

Malibu Boats (NASDAQ:MBUU) last released its earnings results on Thursday, May 9th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.12. The business had revenue of $199.92 million for the quarter, compared to analyst estimates of $188.31 million. Malibu Boats had a net margin of 9.41% and a return on equity of 44.85%. Malibu Boats’s revenue for the quarter was up 42.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. Analysts predict that Malibu Boats will post 3.55 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of MBUU. Shaker Investments LLC OH increased its position in shares of Malibu Boats by 84.8% during the first quarter. Shaker Investments LLC OH now owns 12,200 shares of the company’s stock worth $483,000 after acquiring an additional 5,600 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Malibu Boats by 8.4% during the fourth quarter. Geode Capital Management LLC now owns 230,523 shares of the company’s stock worth $8,022,000 after acquiring an additional 17,786 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Malibu Boats by 6.7% during the first quarter. California Public Employees Retirement System now owns 53,205 shares of the company’s stock worth $2,106,000 after acquiring an additional 3,329 shares in the last quarter. Catalyst Capital Advisors LLC increased its position in shares of Malibu Boats by 48.9% during the first quarter. Catalyst Capital Advisors LLC now owns 7,000 shares of the company’s stock worth $277,000 after acquiring an additional 2,300 shares in the last quarter. Finally, Psagot Investment House Ltd. increased its position in shares of Malibu Boats by 25.0% during the fourth quarter. Psagot Investment House Ltd. now owns 15,000 shares of the company’s stock worth $522,000 after acquiring an additional 3,000 shares in the last quarter. 99.64% of the stock is owned by hedge funds and other institutional investors.

About Malibu Boats

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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