Robert W. Baird Reiterates “Buy” Rating for MCBC Holdings, Inc. (MCFT)
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.
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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