MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives $20.40 Average PT from Analysts

Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) have received an average rating of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $20.40.

MCFT has been the topic of a number of research reports. 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 raised MasterCraft Boat from a “sell” rating to a “hold” rating in a research report on Saturday, March 15th. DA Davidson dropped their price target on MasterCraft Boat from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Robert W. Baird reaffirmed a “neutral” rating and issued a $20.00 price objective (down from $26.00) on shares of MasterCraft Boat in a report on Friday. Finally, B. Riley upgraded MasterCraft Boat to a “hold” rating in a research report on Wednesday, February 12th.

MasterCraft Boat Trading Down 4.3 %

MCFT stock opened at $15.70 on Friday. MasterCraft Boat has a 1-year low of $15.33 and a 1-year high of $23.12. The business’s 50 day simple moving average is $17.97 and its 200 day simple moving average is $18.58. The firm has a market capitalization of $263.02 million, a PE ratio of -39.25 and a beta of 1.71.

MasterCraft Boat (NASDAQ:MCFT) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. MasterCraft Boat had a negative net margin of 2.29% and a positive return on equity of 3.74%. As a group, sell-side analysts predict that MasterCraft Boat will post 0.62 EPS for the current fiscal year.

Institutional Trading of MasterCraft Boat

A number of institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. raised its stake in MasterCraft Boat by 9.4% in the fourth quarter. Principal Financial Group Inc. now owns 11,502 shares of the company’s stock valued at $219,000 after purchasing an additional 993 shares in the last quarter. Systematic Financial Management LP increased its holdings in MasterCraft Boat by 6.8% in the 3rd quarter. Systematic Financial Management LP now owns 1,028,585 shares of the company’s stock valued at $18,731,000 after buying an additional 65,412 shares during the period. LHM Inc. acquired a new position in shares of MasterCraft Boat in the 4th quarter valued at approximately $1,636,000. KLP Kapitalforvaltning AS bought a new stake in shares of MasterCraft Boat during the 4th quarter worth approximately $448,000. Finally, Forager Capital Management LLC boosted its position in shares of MasterCraft Boat by 29.9% during the 3rd quarter. Forager Capital Management LLC now owns 1,697,695 shares of the company’s stock worth $30,915,000 after acquiring an additional 390,405 shares in the last quarter. 97.64% of the stock is currently 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.