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

Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) have received an average recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat reports. Three 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 analysts that have issued ratings on the stock in the last year is $19.20.

Several equities research analysts recently commented on the company. StockNews.com downgraded MasterCraft Boat from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. 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. Truist Financial reiterated a “hold” rating and set a $15.00 target price on shares of MasterCraft Boat in a report on Friday, August 30th. 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, 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.

Institutional Investors Weigh In On MasterCraft Boat

Hedge funds and other institutional investors have recently bought and sold shares of the business. Isthmus Partners LLC increased 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 acquiring an additional 532 shares during the last quarter. US Bancorp DE boosted its position in MasterCraft Boat by 64.0% during the 3rd quarter. US Bancorp DE now owns 5,123 shares of the company’s stock valued at $93,000 after purchasing an additional 2,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in MasterCraft Boat by 191.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,250 shares of the company’s stock valued at $98,000 after purchasing an additional 3,450 shares during the period. SG Americas Securities LLC acquired a new position in MasterCraft Boat during the 3rd quarter worth $126,000. Finally, Squarepoint Ops LLC acquired a new position in MasterCraft Boat during the 2nd quarter worth $190,000. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

MasterCraft Boat Stock Performance

NASDAQ MCFT opened at $17.45 on Friday. The firm has a market capitalization of $289.84 million, a P/E ratio of 40.09 and a beta of 1.61. MasterCraft Boat has a 1-year low of $16.12 and a 1-year high of $24.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.99 and a quick ratio of 1.42. The business’s 50-day simple moving average is $17.70 and its 200-day simple moving average is $19.21.

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

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.