Malibu BoatsMBUU
MBUU
About: Malibu Boats is a leading designer and manufacturer of power boats in the United States. It is the market leader in performance sport boats, sold under its Malibu and Axis brands. It acquired Cobalt Boats, a leading producer of sterndrive boats in the us in the 24- to 29-foot segment, in 2017 and Pursuit Boats, which makes high-end offshore and outboard motorboats, in 2018. In 2021, it purchased Maverick Boat Group, a leading seller of flat fishing boats, including bay, dual-console, and center-console boats. Malibu has also expanded into boat trailers and accessories and in 2020 began producing its own engines (Monsoon) for its performance sport boats and now for Cobalt. Malibu's target market includes a wide range of water enthusiasts who embrace the active outdoor lifestyle.
Employees: 2,250
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
10% more capital invested
Capital invested by funds: $689M [Q2] → $756M (+$67M) [Q3]
6% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 54
1% less funds holding
Funds holding: 168 [Q2] → 167 (-1) [Q3]
0.91% less ownership
Funds ownership: 96.23% [Q2] → 95.32% (-0.91%) [Q3]
3% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 29
41% less call options, than puts
Call options by funds: $3.76M | Put options by funds: $6.41M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$42
12%
upside
Avg. target
$46
23%
upside
High target
$50
34%
upside
5 analyst ratings
3 positive
60%
2 neutral
40%
0 negative
0%
Benchmark Michael Albanese 24% 1-year accuracy 5 / 21 met price target | 18%upside $44 | Buy Reiterated | 1 Nov 2024 |
Truist Securities Michael Swartz 40% 1-year accuracy 20 / 50 met price target | 12%upside $42 | Hold Maintained | 1 Nov 2024 |
Keybanc Noah Zatzkin 41% 1-year accuracy 7 / 17 met price target | 34%upside $50 | Overweight Maintained | 1 Nov 2024 |
Baird Craig Kennison 39% 1-year accuracy 11 / 28 met price target | 34%upside $50 | Outperform Maintained | 1 Nov 2024 |
DA Davidson Brandon Rolle 33% 1-year accuracy 3 / 9 met price target | 20%upside $45 | Neutral Downgraded | 1 Nov 2024 |
Financial journalist opinion
Based on 6 articles about MBUU published over the past 30 days
Neutral
Accesswire
3 days ago
Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Malibu Boats, Inc. (MBUU) And Encourages Investors to Reach Out
NEW YORK CITY, NY / ACCESSWIRE / December 18, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Malibu Boats, Inc. ("Malibu Boats" or "the Company") (NASDAQ:MBUU). Investors who purchased Malibu Boats securities prior to November 4, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/MBUU.
Neutral
Accesswire
6 days ago
Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Malibu Boats, Inc. (MBUU) And Encourages Stockholders to Reach Out
NEW YORK CITY, NY / ACCESSWIRE / December 15, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Malibu Boats, Inc. ("Malibu Boats" or "the Company") (NASDAQ:MBUU). Investors who purchased Malibu Boats securities prior to November 4, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/MBUU.
Neutral
Accesswire
1 week ago
Bronstein, Gewirtz & Grossman, LLC Is Investigating Malibu Boats, Inc. (MBUU) And Encourages Stockholders to Connect
NEW YORK CITY, NY / ACCESSWIRE / December 11, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Malibu Boats, Inc. ("Malibu Boats" or "the Company") (NASDAQ:MBUU). Investors who purchased Malibu Boats securities prior to November 4, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/MBUU.
Neutral
GlobeNewsWire
2 weeks ago
MALIBU BOATS ALERT: Bragar Eagel & Squire, P.C. is Investigating Malibu Boats, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Malibu Boats, Inc. (NASDAQ: MBUU) on behalf of long-term stockholders following a class action complaint that was filed against Malibu Boats on April 29, 2024 with a Class Period from November 4, 2022 and April 11, 2024. Our investigation concerns whether the board of directors of Malibu Boats have breached their fiduciary duties to the company.
Neutral
GlobeNewsWire
3 weeks ago
Malibu Boats, Inc. Announces Leadership Transition
LOUDON, Tenn., Nov. 29, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) announced today that Ritchie Anderson, President, will retire effective February 7, 2025. He will continue in his role as President until that date. Upon Mr. Anderson's retirement, Steve Menneto, the Company's Chief Executive Officer, will become President of Malibu Boats, Inc., with Donna Tallent, Senior Vice President of Operations, assuming leadership for MBI operations. Both Ms. Tallent and the Brand Presidents will report directly to Mr. Menneto, Chief Executive Officer.
Positive
Zacks Investment Research
4 weeks ago
Malibu Boats (MBUU) Recently Broke Out Above the 50-Day Moving Average
After reaching an important support level, Malibu Boats (MBUU) could be a good stock pick from a technical perspective. MBUU surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.
Negative
Seeking Alpha
1 month ago
Malibu Boats: Early Signs Of Stabilization
Malibu Boats' Q1 financials were weak along with peers as the industry's struggles have persisted. While the retail-level sales outlook remains uncertain, dealers' improving inventory levels are starting to suggest stabilization that Malibu Boats' FY2025 guidance also suggests. The lawsuit with Tommys Boats has now been settled for $3.5 million.
Positive
Zacks Investment Research
1 month ago
3 Stocks Positioned for Growth in a Booming Leisure Industry
The Federal Reserve's interest rate reduction and a positive fitness product sales trend aid the Leisure & Recreation Products industry. Stocks like PTON, MBUU and AOUT are well-positioned to benefit from the prevailing scenario.
Neutral
Seeking Alpha
1 month ago
Malibu Boats, Inc. (MBUU) Q1 2025 Earnings Call Transcript
Malibu Boats, Inc. (NASDAQ:MBUU ) Q1 2025 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Bruce Beckman - Chief Financial Officer Steve Menneto - Chief Executive Officer Ritchie Anderson - President Conference Call Participants Eric Wold - B. Riley Securities Craig Kennison - Baird Joe Altobello - Raymond James Noah Zatzkin - KeyBanc Capital Markets Griffin Bryan - D.A.
Neutral
GlobeNewsWire
1 month ago
Kuehn Law Encourages Investors of Malibu Boats, Inc. to Contact Law Firm
NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Malibu Boats, Inc. (NASDAQ: MBUU) breached their fiduciary duties to shareholders.
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