MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives $24.83 Consensus Target Price from Brokerages

Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $24.67.

A number of brokerages have weighed in on MCFT. Truist Financial lifted their price target on shares of MasterCraft Boat from $20.00 to $22.00 and gave the company a “hold” rating in a report on Tuesday, January 9th. B. Riley decreased their price target on shares of MasterCraft Boat from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th.

Insider Buying and Selling

In related news, major shareholder Coliseum Capital Management, L bought 118,620 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was bought at an average price of $21.84 per share, with a total value of $2,590,660.80. Following the transaction, the insider now owns 2,151,676 shares of the company’s stock, valued at $46,992,603.84. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders have bought 347,217 shares of company stock valued at $7,430,463 in the last quarter. Company insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MCFT. Wellington Management Group LLP boosted its holdings in shares of MasterCraft Boat by 73.5% in the 3rd quarter. Wellington Management Group LLP now owns 530,900 shares of the company’s stock valued at $11,797,000 after buying an additional 224,900 shares during the period. Wasatch Advisors LP boosted its holdings in shares of MasterCraft Boat by 34.2% in the 1st quarter. Wasatch Advisors LP now owns 381,471 shares of the company’s stock valued at $9,048,000 after buying an additional 97,170 shares during the period. AQR Capital Management LLC boosted its holdings in shares of MasterCraft Boat by 29.6% in the 3rd quarter. AQR Capital Management LLC now owns 412,977 shares of the company’s stock valued at $9,176,000 after buying an additional 94,420 shares during the period. Seizert Capital Partners LLC boosted its holdings in shares of MasterCraft Boat by 52.0% in the 3rd quarter. Seizert Capital Partners LLC now owns 182,094 shares of the company’s stock valued at $4,046,000 after buying an additional 62,291 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of MasterCraft Boat in the 3rd quarter valued at about $893,000. 97.64% of the stock is owned by institutional investors and hedge funds.

MasterCraft Boat Stock Up 1.9 %

Shares of NASDAQ MCFT opened at $21.50 on Tuesday. MasterCraft Boat has a 1 year low of $19.22 and a 1 year high of $31.70. The firm’s 50 day moving average price is $22.01 and its 200 day moving average price is $21.57. The firm has a market cap of $366.15 million, a P/E ratio of 6.57 and a beta of 1.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.58 and a current ratio of 2.11.

MasterCraft Boat (NASDAQ:MCFT) last announced its earnings results on Wednesday, February 7th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.17. The firm had revenue of $99.48 million for the quarter, compared to analyst estimates of $95.53 million. MasterCraft Boat had a net margin of 10.66% and a return on equity of 32.01%. MasterCraft Boat’s revenue was down 37.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.16 earnings per share. As a group, sell-side analysts anticipate that MasterCraft Boat will post 1.51 earnings per share for the current year.

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.