MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives $19.20 Average Price Target from Analysts

Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) have been assigned a consensus rating of “Hold” from the five brokerages that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $19.20.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wasatch Advisors LP grew its position in MasterCraft Boat by 34.2% during the first quarter. Wasatch Advisors LP now owns 381,471 shares of the company’s stock valued at $9,048,000 after buying an additional 97,170 shares during the period. Dimensional Fund Advisors LP grew its position in MasterCraft Boat by 13.1% during the second quarter. Dimensional Fund Advisors LP now owns 714,208 shares of the company’s stock valued at $13,484,000 after buying an additional 82,509 shares during the period. Isthmus Partners LLC grew its position in MasterCraft Boat by 71.5% during the first quarter. Isthmus Partners LLC now owns 146,174 shares of the company’s stock valued at $3,467,000 after buying an additional 60,947 shares during the period. Wellington Management Group LLP grew its position in MasterCraft Boat by 11.2% during the fourth 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. Finally, Comerica Bank grew its position in shares of MasterCraft Boat by 27,130.8% in the first quarter. Comerica Bank now owns 56,640 shares of the company’s stock valued at $1,343,000 after purchasing an additional 56,432 shares during the period. Hedge funds and other institutional investors own 97.64% of the company’s stock.

MasterCraft Boat Trading Up 1.4 %

Shares of MasterCraft Boat stock opened at $17.03 on Tuesday. The firm has a 50-day moving average of $18.52 and a 200-day moving average of $19.84. The stock has a market cap of $289.19 million, a PE ratio of 7.67 and a beta of 1.61. 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.

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