Mastercraft Boat (NASDAQ:MCFT) had its price target decreased by SunTrust Banks from $18.00 to $15.00 in a research report released on Friday, BenzingaRatingsTable reports. SunTrust Banks currently has a hold rating on the stock.

Several other equities research analysts have also commented on the company. Zacks Investment Research lowered Mastercraft Boat from a hold rating to a sell rating in a research report on Saturday, July 20th. B. Riley cut their price objective on Mastercraft Boat from $43.00 to $37.00 and set a buy rating for the company in a research report on Tuesday, August 27th. Raymond James cut Mastercraft Boat from a strong-buy rating to a market perform rating in a research note on Monday, July 22nd. BidaskClub upgraded Mastercraft Boat from a strong sell rating to a sell rating in a research note on Tuesday, September 10th. Finally, TheStreet lowered Mastercraft Boat from a b- rating to a c+ rating in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $27.60.

Shares of MCFT opened at $14.42 on Friday. The company’s fifty day moving average is $15.10 and its 200 day moving average is $20.43. Mastercraft Boat has a fifty-two week low of $13.33 and a fifty-two week high of $39.50. The stock has a market capitalization of $270.00 million, a PE ratio of 5.24, a P/E/G ratio of 0.48 and a beta of 1.67. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.38 and a current ratio of 0.79.

Mastercraft Boat (NASDAQ:MCFT) last issued its earnings results on Thursday, September 12th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.06. The firm had revenue of $122.81 million during the quarter, compared to analyst estimates of $126.21 million. Mastercraft Boat had a net margin of 4.58% and a return on equity of 74.22%. The business’s revenue was up 28.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 earnings per share. As a group, research analysts forecast that Mastercraft Boat will post 2.9 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Divisar Capital Management LLC boosted its position in shares of Mastercraft Boat by 2.9% in the second quarter. Divisar Capital Management LLC now owns 890,308 shares of the company’s stock worth $17,441,000 after buying an additional 25,000 shares during the period. Royce & Associates LP boosted its holdings in Mastercraft Boat by 8.0% during the first quarter. Royce & Associates LP now owns 648,708 shares of the company’s stock valued at $14,641,000 after purchasing an additional 47,893 shares in the last quarter. Systematic Financial Management LP boosted its holdings in Mastercraft Boat by 14.2% during the second quarter. Systematic Financial Management LP now owns 574,145 shares of the company’s stock valued at $11,247,000 after purchasing an additional 71,407 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Mastercraft Boat by 15.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 569,062 shares of the company’s stock worth $10,642,000 after acquiring an additional 76,305 shares in the last quarter. Finally, Citadel Advisors LLC boosted its holdings in shares of Mastercraft Boat by 42.3% in the 2nd quarter. Citadel Advisors LLC now owns 473,503 shares of the company’s stock worth $9,276,000 after acquiring an additional 140,768 shares in the last quarter. Institutional investors own 94.77% of the company’s stock.

About Mastercraft Boat

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. The company operates in two segments, MasterCraft and NauticStar. It offers sport boats and outboard boats, which are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating.

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