Robert W. Baird reaffirmed their buy rating on shares of MCBC Holdings, Inc. (NASDAQ:MCFT) in a research report released on Friday morning.

MCFT has been the subject of a number of other research reports. Zacks Investment Research upgraded MCBC Holdings from a hold rating to a buy rating and set a $25.00 price objective for the company in a report on Thursday, November 9th. BidaskClub cut MCBC Holdings from a strong-buy rating to a buy rating in a report on Monday, July 24th. KeyCorp started coverage on MCBC Holdings in a report on Wednesday, August 30th. They set an overweight rating for the company. TheStreet upgraded MCBC Holdings from a d+ rating to a b- rating in a report on Thursday, September 7th. Finally, Aegis started coverage on MCBC Holdings in a report on Monday, October 2nd. They set a buy rating and a $26.00 price objective for the company. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $25.00.

Shares of MCBC Holdings (NASDAQ:MCFT) opened at $21.49 on Friday. MCBC Holdings has a 1-year low of $12.73 and a 1-year high of $23.42. The stock has a market capitalization of $401.40, a P/E ratio of 19.36, a PEG ratio of 0.88 and a beta of 1.27. The company has a current ratio of 0.59, a quick ratio of 0.27 and a debt-to-equity ratio of 2.62.

MCBC Holdings (NASDAQ:MCFT) last issued its quarterly earnings data on Friday, November 10th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. MCBC Holdings had a return on equity of 313.55% and a net margin of 8.43%. The company had revenue of $65.00 million during the quarter, compared to analysts’ expectations of $62.84 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. equities research analysts expect that MCBC Holdings will post 1.62 EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in MCFT. Hood River Capital Management LLC acquired a new stake in shares of MCBC Holdings in the second quarter valued at approximately $8,167,000. AJO LP raised its position in shares of MCBC Holdings by 253.5% in the second quarter. AJO LP now owns 391,357 shares of the company’s stock valued at $7,651,000 after buying an additional 280,653 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of MCBC Holdings by 32.6% in the second quarter. Renaissance Technologies LLC now owns 772,900 shares of the company’s stock valued at $15,110,000 after buying an additional 189,900 shares in the last quarter. Vanguard Group Inc. raised its position in shares of MCBC Holdings by 23.4% in the first quarter. Vanguard Group Inc. now owns 941,794 shares of the company’s stock valued at $15,229,000 after buying an additional 178,652 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of MCBC Holdings by 176.8% in the second quarter. Goldman Sachs Group Inc. now owns 238,631 shares of the company’s stock valued at $4,665,000 after buying an additional 152,415 shares in the last quarter. Institutional investors own 93.38% of the company’s stock.

MCBC Holdings Company Profile

MCBC Holdings, Inc (MCBC) is a holding company. The Company is a designer and manufacturer of inboard tournament ski boats and V-drive runabouts under the MasterCraft brand. The Company operates through two segments: MasterCraft and Hydra-Sports. The MasterCraft product brand consists of recreational performance boats primarily used for water skiing, wakeboarding and wake surfing, and general recreational boating.

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