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

Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) have been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $19.20.

Several research analysts have commented on the stock. StockNews.com downgraded shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. DA Davidson dropped their price objective on shares of MasterCraft Boat from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Tuesday. Stifel Nicolaus reissued a “buy” rating and set a $22.00 price objective on shares of MasterCraft Boat in a report on Friday, August 30th. B. Riley dropped their price objective on shares of MasterCraft Boat from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $15.00 price target on shares of MasterCraft Boat in a report on Friday, August 30th.

Insider Activity at MasterCraft Boat

In other MasterCraft Boat news, major shareholder Coliseum Capital Management, L purchased 53,856 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was purchased at an average price of $19.70 per share, with a total value of $1,060,963.20. Following the acquisition, the insider now owns 3,265,154 shares in the company, valued at $64,323,533.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders acquired 116,372 shares of company stock valued at $2,283,824. Insiders own 2.50% of the company’s stock.

Institutional Trading of MasterCraft Boat

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Systematic Financial Management LP raised its position in MasterCraft Boat by 2.8% in the 2nd quarter. Systematic Financial Management LP now owns 963,173 shares of the company’s stock worth $18,185,000 after purchasing an additional 26,077 shares during the period. Squarepoint Ops LLC purchased a new stake in MasterCraft Boat in the 2nd quarter worth about $190,000. Renaissance Technologies LLC raised its position in MasterCraft Boat by 0.7% in the 2nd quarter. Renaissance Technologies LLC now owns 214,400 shares of the company’s stock worth $4,048,000 after purchasing an additional 1,400 shares during the period. Dimensional Fund Advisors LP raised its position in MasterCraft Boat by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 714,208 shares of the company’s stock worth $13,484,000 after purchasing an additional 82,509 shares during the period. Finally, American Century Companies Inc. raised its position in MasterCraft Boat by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 395,570 shares of the company’s stock worth $7,468,000 after purchasing an additional 51,016 shares during the period. 97.64% of the stock is owned by hedge funds and other institutional investors.

MasterCraft Boat Trading Up 1.7 %

Shares of MCFT stock opened at $17.38 on Friday. MasterCraft Boat has a 52-week low of $16.23 and a 52-week high of $24.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.42 and a current ratio of 1.99. The firm has a market capitalization of $295.13 million, a PE ratio of 7.83 and a beta of 1.61. The stock has a fifty day simple moving average of $19.31 and a two-hundred day simple moving average of $20.39.

MasterCraft Boat (NASDAQ:MCFT) last released its quarterly earnings data on Thursday, August 29th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.18. MasterCraft Boat had a net margin of 2.13% and a return on equity of 9.44%. The business had revenue of $67.20 million during the quarter, compared to the consensus estimate of $63.10 million. During the same quarter in the prior year, the firm earned $1.33 EPS. The business’s revenue was down 59.7% on a year-over-year basis. On average, analysts predict that MasterCraft Boat will post 0.49 EPS for the current fiscal year.

MasterCraft Boat Company Profile

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.