MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Given Average Rating of “Moderate Buy” by Brokerages

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) has been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $24.00.

Several equities analysts have issued reports on MCFT shares. Stifel Nicolaus reduced their target price on shares of MasterCraft Boat from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. B. Riley cut their price objective on shares of MasterCraft Boat from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th.

Insider Buying and Selling

In other news, major shareholder Coliseum Capital Management, L purchased 11,308 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The stock was bought at an average price of $21.63 per share, for a total transaction of $244,592.04. Following the completion of the purchase, the insider now directly owns 2,162,984 shares of the company’s stock, valued at $46,785,343.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought 850,938 shares of company stock worth $17,504,582 over the last 90 days. 2.50% of the stock is owned by insiders.

Hedge Funds Weigh In On MasterCraft Boat

Institutional investors have recently modified their holdings of the business. Wellington Management Group LLP increased its stake in MasterCraft Boat by 11.2% in the 4th quarter. Wellington Management Group LLP now owns 590,100 shares of the company’s stock valued at $13,360,000 after buying an additional 59,200 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of MasterCraft Boat by 0.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 212,562 shares of the company’s stock worth $4,723,000 after purchasing an additional 617 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of MasterCraft Boat by 29.6% during the 3rd quarter. AQR Capital Management LLC now owns 412,977 shares of the company’s stock worth $9,176,000 after purchasing an additional 94,420 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of MasterCraft Boat by 2.1% during the 4th quarter. Victory Capital Management Inc. now owns 70,296 shares of the company’s stock worth $1,592,000 after purchasing an additional 1,441 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of MasterCraft Boat by 15.8% during the 3rd quarter. American Century Companies Inc. now owns 258,634 shares of the company’s stock worth $5,747,000 after purchasing an additional 35,374 shares during the last quarter. 97.64% of the stock is owned by institutional investors and hedge funds.

MasterCraft Boat Trading Up 0.9 %

Shares of MasterCraft Boat stock opened at $18.88 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.54 and a debt-to-equity ratio of 0.23. MasterCraft Boat has a 12-month low of $18.01 and a 12-month high of $31.70. The firm has a market capitalization of $320.58 million, a price-to-earnings ratio of 8.50 and a beta of 1.61. The firm’s 50 day simple moving average is $20.38 and its two-hundred day simple moving average is $21.30.

MasterCraft Boat (NASDAQ:MCFT) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.09. MasterCraft Boat had a net margin of 8.26% and a return on equity of 21.71%. The firm had revenue of $95.71 million for the quarter, compared to analyst estimates of $92.32 million. Analysts predict that MasterCraft Boat will post 0.85 EPS for the current year.

About MasterCraft Boat

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through MasterCraft, Crest, and Aviara segments. The MasterCraft segment produces premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating.