Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) have been assigned a consensus rating of “Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $27.33.
MCFT has been the subject of several research reports. Truist upped their target price on MasterCraft Boat from $24.00 to $26.00 in a research note on Wednesday, January 27th. B. Riley upped their target price on MasterCraft Boat from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, February 11th. Raymond James upped their target price on MasterCraft Boat from $31.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, March 29th. Finally, Zacks Investment Research raised MasterCraft Boat from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a research note on Thursday, February 18th.
Shares of NASDAQ MCFT traded up $0.07 during midday trading on Friday, hitting $27.07. 84,893 shares of the company’s stock were exchanged, compared to its average volume of 168,201. MasterCraft Boat has a 12-month low of $6.76 and a 12-month high of $32.25. The company has a current ratio of 1.01, a quick ratio of 0.47 and a debt-to-equity ratio of 1.48. The company has a market cap of $512.95 million, a price-to-earnings ratio of -22.01 and a beta of 2.26. The business’s fifty day moving average price is $28.12 and its two-hundred day moving average price is $24.68.
MasterCraft Boat (NASDAQ:MCFT) last issued its earnings results on Tuesday, February 9th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.24. The business had revenue of $118.68 million during the quarter, compared to analyst estimates of $115.03 million. MasterCraft Boat had a positive return on equity of 40.33% and a negative net margin of 6.47%. Equities analysts expect that MasterCraft Boat will post 2.39 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. Point72 Hong Kong Ltd bought a new stake in MasterCraft Boat in the third quarter valued at approximately $33,000. Citigroup Inc. raised its holdings in shares of MasterCraft Boat by 301.7% during the fourth quarter. Citigroup Inc. now owns 3,579 shares of the company’s stock valued at $89,000 after acquiring an additional 2,688 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of MasterCraft Boat during the third quarter valued at approximately $165,000. Campbell & CO Investment Adviser LLC bought a new position in shares of MasterCraft Boat during the fourth quarter valued at approximately $230,000. Finally, LPL Financial LLC bought a new position in shares of MasterCraft Boat during the fourth quarter valued at approximately $233,000. Hedge funds and other institutional investors own 82.85% of the company’s stock.
MasterCraft Boat Company Profile
MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through three segments: MasterCraft, NauticStar, and Crest. The MasterCraft segment produces recreational performance sport boats and luxury day boats under the MasterCraft and Aviara brands, which are used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
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