MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) has received a consensus recommendation of “Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $27.33.
MCFT has been the subject of several recent analyst reports. B. Riley increased their price target on MasterCraft Boat from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, February 11th. Zacks Investment Research upgraded MasterCraft Boat from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective for the company in a report on Thursday, February 18th. Raymond James increased their price objective on MasterCraft Boat from $31.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, March 29th. Finally, Truist increased their price objective on MasterCraft Boat from $24.00 to $26.00 in a report on Wednesday, January 27th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MCFT. Raymond James & Associates lifted its position in shares of MasterCraft Boat by 6.6% in the third quarter. Raymond James & Associates now owns 15,800 shares of the company’s stock valued at $276,000 after buying an additional 985 shares during the last quarter. First Trust Advisors LP lifted its position in shares of MasterCraft Boat by 26.1% in the third quarter. First Trust Advisors LP now owns 47,722 shares of the company’s stock valued at $835,000 after buying an additional 9,882 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of MasterCraft Boat by 4.2% in the third quarter. California Public Employees Retirement System now owns 43,766 shares of the company’s stock valued at $765,000 after buying an additional 1,757 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of MasterCraft Boat by 8.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 191,606 shares of the company’s stock valued at $3,351,000 after buying an additional 14,347 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of MasterCraft Boat in the third quarter valued at approximately $450,000. 82.85% of the stock is owned by institutional investors.
NASDAQ:MCFT traded up $0.23 during mid-day trading on Friday, hitting $27.21. The company had a trading volume of 2,894 shares, compared to its average volume of 169,273. MasterCraft Boat has a fifty-two week low of $5.41 and a fifty-two week high of $32.25. The business’s fifty day moving average is $28.13 and its two-hundred day moving average is $24.58. The firm has a market cap of $515.60 million, a P/E ratio of -21.76 and a beta of 2.26. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.47 and a current ratio of 1.01.
MasterCraft Boat (NASDAQ:MCFT) last announced its quarterly earnings results on Tuesday, February 9th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.24. MasterCraft Boat had a positive return on equity of 40.33% and a negative net margin of 6.47%. The company had revenue of $118.68 million during the quarter, compared to the consensus estimate of $115.03 million. Equities analysts forecast that MasterCraft Boat will post 2.39 earnings per share for the current year.
MasterCraft Boat Company Profile
MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through three segments: MasterCraft, NauticStar, and Crest. The MasterCraft segment produces recreational performance sport boats and luxury day boats under the MasterCraft and Aviara brands, which are used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
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