MasterCraft Boat (NASDAQ:MCFT) Price Target Raised to $18.00 at B. Riley

MasterCraft Boat (NASDAQ:MCFT) had its price objective hoisted by B. Riley from $14.00 to $18.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other equities analysts have also recently issued reports about the company. Truist Financial raised their target price on MasterCraft Boat from $15.00 to $22.00 and gave the company a “hold” rating in a report on Thursday. 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, September 10th. Stifel Nicolaus reiterated a “buy” rating and set a $22.00 target price on shares of MasterCraft Boat in a report on Friday, August 30th. Finally, StockNews.com downgraded shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $21.60.

MasterCraft Boat Trading Down 3.5 %

NASDAQ MCFT traded down $0.80 during trading hours on Thursday, reaching $21.86. The company had a trading volume of 120,901 shares, compared to its average volume of 159,860. The company has a current ratio of 1.99, a quick ratio of 1.42 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $363.09 million, a P/E ratio of 50.36 and a beta of 1.61. The stock has a 50-day moving average of $17.71 and a 200 day moving average of $19.20. MasterCraft Boat has a 1-year low of $16.12 and a 1-year high of $24.05.

MasterCraft Boat (NASDAQ:MCFT) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The firm had revenue of $65.40 million during the quarter, compared to analysts’ expectations of $61.19 million. MasterCraft Boat had a net margin of 2.13% and a return on equity of 9.44%. The firm’s quarterly revenue was down 37.2% on a year-over-year basis. During the same quarter last year, the company posted $0.43 EPS. As a group, research analysts anticipate that MasterCraft Boat will post 0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MasterCraft Boat

Several large investors have recently bought and sold shares of the stock. Isthmus Partners LLC lifted its holdings in shares of MasterCraft Boat by 0.4% in the 2nd quarter. Isthmus Partners LLC now owns 146,706 shares of the company’s stock valued at $28,000 after purchasing an additional 532 shares during the last quarter. US Bancorp DE lifted its stake in MasterCraft Boat by 64.0% in the third quarter. US Bancorp DE now owns 5,123 shares of the company’s stock valued at $93,000 after buying an additional 2,000 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of MasterCraft Boat by 191.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,250 shares of the company’s stock valued at $98,000 after acquiring an additional 3,450 shares during the period. SG Americas Securities LLC purchased a new position in shares of MasterCraft Boat during the third quarter worth approximately $126,000. Finally, Quest Partners LLC acquired a new position in shares of MasterCraft Boat in the 3rd quarter valued at $150,000. Institutional investors and hedge funds own 97.64% of the company’s stock.

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.