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

Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) have earned a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $19.20.

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

Institutional Trading of MasterCraft Boat

Large investors have recently made changes to their positions in the stock. US Bancorp DE boosted its stake in shares of MasterCraft Boat by 64.0% during the 3rd quarter. US Bancorp DE now owns 5,123 shares of the company’s stock worth $93,000 after acquiring an additional 2,000 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of 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 worth $98,000 after acquiring an additional 3,450 shares in the last quarter. SG Americas Securities LLC bought a new stake in MasterCraft Boat during the 3rd quarter valued at approximately $126,000. Squarepoint Ops LLC bought a new stake in MasterCraft Boat during the 2nd quarter valued at approximately $190,000. Finally, Principal Financial Group Inc. bought a new stake in MasterCraft Boat during the 3rd quarter valued at approximately $191,000. Institutional investors own 97.64% of the company’s stock.

MasterCraft Boat Stock Down 1.1 %

Shares of MasterCraft Boat stock opened at $17.45 on Friday. The stock’s fifty day moving average is $17.70 and its 200-day moving average is $19.21. The firm has a market capitalization of $289.84 million, a PE ratio of 40.09 and a beta of 1.61. The company has a quick ratio of 1.42, a current ratio of 1.99 and a debt-to-equity ratio of 0.24. MasterCraft Boat has a 12-month low of $16.12 and a 12-month high of $24.05.

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, beating the consensus estimate of ($0.22) by $0.18. The firm 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%. MasterCraft Boat’s quarterly revenue was down 59.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.33 earnings per share. Equities analysts anticipate that MasterCraft Boat will post 0.49 earnings per share for the current 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.