MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives $19.20 Consensus PT from Brokerages

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) has been given a consensus rating of “Hold” by the five research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $19.20.

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

MasterCraft Boat Trading Up 2.2 %

Shares of NASDAQ MCFT opened at $18.35 on Friday. The stock has a market cap of $311.60 million, a P/E ratio of 8.27 and a beta of 1.61. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.99 and a quick ratio of 1.42. MasterCraft Boat has a 1 year low of $16.23 and a 1 year high of $24.05. The firm has a 50-day moving average of $19.32 and a 200 day moving average of $20.25.

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

Insiders Place Their Bets

In other MasterCraft Boat news, major shareholder Coliseum Capital Management, L purchased 38,462 shares of MasterCraft Boat stock in a transaction dated Monday, June 24th. The stock was purchased at an average price of $19.58 per share, with a total value of $753,085.96. Following the transaction, the insider now directly owns 3,372,670 shares of the company’s stock, valued at $66,036,878.60. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On MasterCraft Boat

A number of institutional investors have recently bought and sold shares of MCFT. Victory Capital Management Inc. increased its position in MasterCraft Boat by 2.1% in the fourth quarter. Victory Capital Management Inc. now owns 70,296 shares of the company’s stock worth $1,592,000 after buying an additional 1,441 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in MasterCraft Boat by 17.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 21,661 shares of the company’s stock worth $490,000 after acquiring an additional 3,145 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in MasterCraft Boat during the fourth quarter valued at approximately $608,000. Quest Partners LLC bought a new position in shares of MasterCraft Boat in the fourth quarter worth approximately $393,000. Finally, Isthmus Partners LLC increased its stake in shares of MasterCraft Boat by 5.3% in the fourth quarter. Isthmus Partners LLC now owns 85,227 shares of the company’s stock worth $1,930,000 after purchasing an additional 4,252 shares in the last quarter. 97.64% of the stock is owned by institutional investors.

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.