Robert W. Baird Reiterates “Neutral” Rating for MasterCraft Boat (NASDAQ:MCFT)

MasterCraft Boat (NASDAQ:MCFT)‘s stock had its “neutral” rating reaffirmed by equities researchers at Robert W. Baird in a research note issued to investors on Friday, Marketbeat.com reports. They presently have a $20.00 price target on the stock, down from their previous price target of $26.00. Robert W. Baird’s price target would suggest a potential upside of 27.39% from the company’s current price.

A number of other equities research analysts have also weighed in on MCFT. B. Riley raised MasterCraft Boat to a “hold” rating in a research note on Wednesday, February 12th. Truist Financial dropped their price objective on MasterCraft Boat from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Tuesday, January 7th. StockNews.com raised shares of MasterCraft Boat from a “sell” rating to a “hold” rating in a research note on Saturday, March 15th. Finally, DA Davidson dropped their price target on shares of MasterCraft Boat from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.40.

MasterCraft Boat Stock Down 4.3 %

NASDAQ MCFT opened at $15.70 on Friday. The stock’s 50-day simple moving average is $17.97 and its two-hundred day simple moving average is $18.58. MasterCraft Boat has a twelve month low of $15.33 and a twelve month high of $23.12. The company has a market capitalization of $263.02 million, a price-to-earnings ratio of -39.25 and a beta of 1.71.

MasterCraft Boat (NASDAQ:MCFT) last issued its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. MasterCraft Boat had a positive return on equity of 3.74% and a negative net margin of 2.29%. On average, equities analysts expect that MasterCraft Boat will post 0.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MasterCraft Boat

A number of institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers raised its position in shares of MasterCraft Boat by 2.0% in the 4th quarter. Rhumbline Advisers now owns 27,432 shares of the company’s stock worth $523,000 after acquiring an additional 528 shares in the last quarter. JPMorgan Chase & Co. lifted its position in MasterCraft Boat by 7.5% during the fourth quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company’s stock valued at $149,000 after buying an additional 544 shares during the period. SG Americas Securities LLC grew its position in shares of MasterCraft Boat by 10.7% in the 4th quarter. SG Americas Securities LLC now owns 7,673 shares of the company’s stock worth $146,000 after buying an additional 742 shares during the period. Isthmus Partners LLC increased its stake in shares of MasterCraft Boat by 0.7% in the 4th quarter. Isthmus Partners LLC now owns 118,886 shares of the company’s stock worth $2,267,000 after acquiring an additional 773 shares in the last quarter. Finally, Northern Trust Corp lifted its position in MasterCraft Boat by 0.6% during the 4th quarter. Northern Trust Corp now owns 133,422 shares of the company’s stock valued at $2,544,000 after acquiring an additional 791 shares during the period. 97.64% of the stock is owned by institutional investors.

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.