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

Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) have earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $24.00.

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

Insiders Place Their Bets

In other news, major shareholder Coliseum Capital Management, L bought 47,500 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of $19.13 per share, with a total value of $908,675.00. Following the transaction, the insider now directly owns 2,404,906 shares in the company, valued at approximately $46,005,851.78. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have bought a total of 850,938 shares of company stock valued at $17,504,582 in the last three months. Insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP grew its holdings in MasterCraft Boat by 73.5% in the 3rd quarter. Wellington Management Group LLP now owns 530,900 shares of the company’s stock valued at $11,797,000 after buying an additional 224,900 shares during the last quarter. Wasatch Advisors LP grew its holdings in MasterCraft Boat by 34.2% in the 1st 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 last quarter. AQR Capital Management LLC grew its holdings in MasterCraft Boat by 29.6% in the 3rd quarter. AQR Capital Management LLC now owns 412,977 shares of the company’s stock valued at $9,176,000 after buying an additional 94,420 shares during the last quarter. Isthmus Partners LLC grew its holdings in MasterCraft Boat by 71.5% in the 1st 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 last quarter. Finally, Comerica Bank grew its holdings in MasterCraft Boat by 27,130.8% in the 1st quarter. Comerica Bank now owns 56,640 shares of the company’s stock valued at $1,343,000 after buying an additional 56,432 shares during the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

MasterCraft Boat Stock Performance

MasterCraft Boat stock opened at $18.88 on Friday. The stock’s 50 day moving average price is $20.38 and its 200 day moving average price is $21.30. MasterCraft Boat has a one year low of $18.01 and a one year high of $31.70. The firm has a market capitalization of $320.58 million, a PE ratio of 8.50 and a beta of 1.61. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.54 and a current ratio of 2.02.

MasterCraft Boat (NASDAQ:MCFT) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.09. The business had revenue of $95.71 million for the quarter, compared to analyst estimates of $92.32 million. MasterCraft Boat had a return on equity of 21.71% and a net margin of 8.26%. As a group, sell-side analysts expect that MasterCraft Boat will post 0.85 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.