DA Davidson Upgrades Malibu Boats to Buy, Announces $45 Price Target
$MBUU
Marine Transportation
Industrials
DA Davidson analyst Brandon Rolle upgrades Malibu Boats (NASDAQ:MBUU) from Neutral to Buy and announces $45 price target.
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/1/2024 | $45.00 | Buy → Neutral | DA Davidson |
| 7/24/2024 | $45.00 | Neutral → Buy | DA Davidson |
| 7/24/2024 | $45.00 | Buy → Neutral | DA Davidson |
| 7/8/2024 | $32.00 | Buy → Hold | Truist |
| 5/22/2024 | $44.00 | Buy | The Benchmark Company |
| 4/15/2024 | Outperform → Mkt Perform | Raymond James | |
| 6/16/2023 | $69.00 | Buy → Neutral | B. Riley Securities |
| 4/19/2023 | $65.00 | Overweight | KeyBanc Capital Markets |
S-8 - MALIBU BOATS, INC. (0001590976) (Filer)
10-Q - MALIBU BOATS, INC. (0001590976) (Filer)
8-K - MALIBU BOATS, INC. (0001590976) (Filer)
LOUDON, Tenn., July 22, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) today announced the appointment of Steven D. Menneto as its new Chief Executive Officer ("CEO"), effective August 5, 2024. Mr. Menneto will also join Malibu Boats' Board of Directors (the "Board"), which will increase from nine to ten members. In connection with Mr. Menneto's appointment, the Office of the CEO, consisting of Ritchie Anderson, the Company's President, as well as Michael K. Hooks, the Chair of the Board, will end. Mr. Hooks will remain Board Chair and Mr. Anderson will remain President of the Company. Mr. Menneto joins Malibu Boats from Polaris, where he was most recently President of the Off-
Jack Springer will depart as Chief Executive Officer in May 2024;Ritchie Anderson appointed to President;Michael Hooks appointed to Executive Chair LOUDON, Tenn., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) announced today that Jack Springer will be departing as Chief Executive Officer ("CEO") on or before May 17, 2024. The Company also announced today that Ritchie Anderson, the Company's current Chief Operating Officer ("COO"), has been promoted to President, effective immediately. Michael Hooks, Malibu's current Chair, will assume the role of Executive Chair, effective immediately, until a new CEO is announced. "For more than 15 years, I have had the honor of se
LOUDON, Tenn., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) announced today the appointment of Bruce Beckman as Chief Financial Officer, effective November 27, 2023. He will be joining as a member of the executive team and report directly to the Company's Chief Executive Officer, Jack Springer. Malibu's Interim Chief Financial Officer, David Black, will transition to the role of Vice President, Finance for Malibu Boats at that time. "I want to welcome Bruce to the Malibu Boats family. I have no doubt he will play a critical role in advancing our industry leading position, executing our long-term strategic plan and further elevating our finance organization at the C
LOUDON, Tenn., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) today announced its financial results for the first quarter ended September 30, 2024. First Quarter Fiscal 2025 Highlights Compared to First Quarter Fiscal 2024: Net sales decreased 32.9% to $171.6 millionUnit volume decreased 39.7% to 1,024 unitsGross profit decreased 50.3% to $28.2 millionGAAP net income decreased 124.8% to a net loss of $5.1 millionGAAP net income available to Class A Common Stock per share (diluted) decreased 125.5% to a net loss of $0.25 per shareAdjusted EBITDA decreased 74.6% to $9.9 millionAdjusted fully distributed net income per share decreased 92.9% to $0.08 per shar
LOUDON, Tenn., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) announced today that it will release its first quarter fiscal 2025 financial results on Thursday, October 31, 2024, before the market opens. Following the release, the company's management will host a conference call to discuss the results at 8:30 a.m. Eastern Time on the same day. The call will be hosted by Malibu's Chief Executive Officer, Steve Menneto, and Chief Financial Officer, Bruce Beckman. Investors and analysts are invited to listen to the conference call by dialing (844) 695-5523 or (412) 317-0699. Alternatively, interested parties can listen to a live webcast of the conference call by logging o
LOUDON, Tenn., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) today announced its financial results for the fourth quarter and fiscal year ended June 30, 2024. Fourth Quarter Fiscal 2024 Highlights Compared to Fourth Quarter Fiscal 2023 Net sales decreased 57.4% to $158.7 millionUnit volume decreased 59.0% to 1,045 unitsGross profit decreased 87.8% to $12.5 millionGeneral and administrative expenses decreased to $21.6 millionNet loss increased 8.6% to a net loss of $19.6 millionAdjusted EBITDA decreased 104.5% to $(4.1) millionNet loss available to Class A Common Stock per share (diluted) increased 9.3% to a net loss of
DA Davidson downgraded Malibu Boats from Buy to Neutral and set a new price target of $45.00
DA Davidson upgraded Malibu Boats from Neutral to Buy and set a new price target of $45.00
DA Davidson downgraded Malibu Boats from Buy to Neutral and set a new price target of $45.00
SC 13G/A - MALIBU BOATS, INC. (0001590976) (Subject)
SC 13G - MALIBU BOATS, INC. (0001590976) (Subject)
SC 13G/A - MALIBU BOATS, INC. (0001590976) (Subject)
4 - MALIBU BOATS, INC. (0001590976) (Issuer)
4 - MALIBU BOATS, INC. (0001590976) (Issuer)
LOUDON, Tenn., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) today announced its financial results for the first quarter ended September 30, 2024. First Quarter Fiscal 2025 Highlights Compared to First Quarter Fiscal 2024: Net sales decreased 32.9% to $171.6 millionUnit volume decreased 39.7% to 1,024 unitsGross profit decreased 50.3% to $28.2 millionGAAP net income decreased 124.8% to a net loss of $5.1 millionGAAP net income available to Class A Common Stock per share (diluted) decreased 125.5% to a net loss of $0.25 per shareAdjusted EBITDA decreased 74.6% to $9.9 millionAdjusted fully distributed net income per share decreased 92.9% to $0.08 per shar
LOUDON, Tenn., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) announced today that it will release its first quarter fiscal 2025 financial results on Thursday, October 31, 2024, before the market opens. Following the release, the company's management will host a conference call to discuss the results at 8:30 a.m. Eastern Time on the same day. The call will be hosted by Malibu's Chief Executive Officer, Steve Menneto, and Chief Financial Officer, Bruce Beckman. Investors and analysts are invited to listen to the conference call by dialing (844) 695-5523 or (412) 317-0699. Alternatively, interested parties can listen to a live webcast of the conference call by logging o
LOUDON, Tenn., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Malibu Boats™, the global leader in towboat sales, is thrilled to announce the launch of the new ultra-luxury 2025 Malibu M230 and its industry-leading premium features including the all-new Malibu Command Center™. The new M230 has been designed from the hull up to be the leader in its class, setting a new industry benchmark in engineering, design, performance, comfort, luxury, and onboard features. Sitting at 23 feet long with a dry weight of 6,750 pounds, the M230 is designed to impress and perform at the highest levels. With capacity for 16 people or 2,256 pounds, a total ballast of 4,102 pounds, including Power Wedge III™, and a 74-ga
Providing a diverse range of perspectives from bullish to bearish, 7 analysts have published ratings on Malibu Boats (NASDAQ:MBUU) in the last three months. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 2 2 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 2 0 0 2M Ago 0 0 0 0 0 3M Ago 2 2 0 0 0 Analysts have recently evaluated Malibu Boats and provided 12-month price targets. The average target is $39.43, accompanied by a high estimate o
DA Davidson analyst Brandon Rolle upgrades Malibu Boats (NASDAQ:MBUU) from Neutral to Buy and announces $45 price target.
Malibu Boats, Inc. (NASDAQ:MBUU) today announced the appointment of Steven D. Menneto as its new Chief Executive Officer ("CEO"), effective August 5, 2024. Mr. Menneto will also join Malibu Boats' Board of Directors (the "Board"), which will increase from nine to ten members. In connection with Mr. Menneto's appointment, the Office of the CEO, consisting of Ritchie Anderson, the Company's President, as well as Michael K. Hooks, the Chair of the Board, will end. Mr. Hooks will remain Board Chair and Mr. Anderson will remain President of the Company. Mr. Menneto joins Malibu Boats from Polaris, where he was most recently President of the Off-Road Vehicle Division. In that role he nearly dou
4 - MALIBU BOATS, INC. (0001590976) (Issuer)
4 - MALIBU BOATS, INC. (0001590976) (Issuer)
4 - MALIBU BOATS, INC. (0001590976) (Issuer)