MasterCraft Boat (NASDAQ:MCFT) Receives Neutral Rating from Robert W. Baird

Robert W. Baird reiterated their neutral rating on shares of MasterCraft Boat (NASDAQ:MCFT) in a report released on Friday morning, MarketBeat reports. Robert W. Baird currently has a $20.00 target price on the stock, down from their previous target price of $26.00.

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

MasterCraft Boat Stock Down 4.3 %

MCFT stock opened at $15.70 on Friday. The firm has a market cap of $263.02 million, a PE ratio of -39.25 and a beta of 1.71. The business has a 50 day moving average of $17.97 and a 200-day moving average of $18.58. MasterCraft Boat has a 12-month low of $15.33 and a 12-month high of $23.12.

MasterCraft Boat (NASDAQ:MCFT) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, research analysts expect that MasterCraft Boat will post 0.62 earnings per share for the current year.

Institutional Trading of MasterCraft Boat

A number of institutional investors have recently modified their holdings of the business. State of Wyoming bought a new stake in MasterCraft Boat during the 4th quarter valued at $108,000. Tower Research Capital LLC TRC grew its position in shares of MasterCraft Boat by 260.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,210 shares of the company’s stock valued at $118,000 after purchasing an additional 4,487 shares in the last quarter. SG Americas Securities LLC lifted its holdings in MasterCraft Boat by 10.7% during the 4th quarter. SG Americas Securities LLC now owns 7,673 shares of the company’s stock worth $146,000 after purchasing an additional 742 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in MasterCraft Boat by 7.5% during the 4th quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company’s stock worth $149,000 after purchasing an additional 544 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new position in MasterCraft Boat in the 3rd quarter worth about $191,000. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

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.