Analysts Set Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Target Price at $23.60

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) has been given a consensus rating of “Hold” by the seven analysts that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $23.60.

MCFT has been the topic of several recent research reports. Seaport Research Partners upgraded Mastercraft Boat to a “hold” rating in a research report on Monday, December 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Mastercraft Boat in a research report on Monday, December 29th. Loop Capital initiated coverage on Mastercraft Boat in a research note on Monday, December 22nd. They issued a “hold” rating and a $21.00 target price for the company. Zacks Research raised shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Finally, B. Riley Financial restated a “neutral” rating on shares of Mastercraft Boat in a report on Friday, February 6th.

Mastercraft Boat Price Performance

Shares of Mastercraft Boat stock opened at $22.50 on Monday. Mastercraft Boat has a 1 year low of $14.39 and a 1 year high of $26.49. The firm has a market cap of $366.30 million, a PE ratio of 23.44 and a beta of 1.07. The company has a 50 day simple moving average of $21.72 and a two-hundred day simple moving average of $20.94.

Mastercraft Boat (NASDAQ:MCFT) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.13. Mastercraft Boat had a net margin of 5.27% and a return on equity of 9.51%. The firm had revenue of $71.76 million for the quarter, compared to analysts’ expectations of $68.79 million. During the same quarter last year, the company posted $0.10 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. Mastercraft Boat has set its Q3 2026 guidance at 0.350-0.350 EPS and its FY 2026 guidance at 1.450-1.600 EPS. As a group, research analysts anticipate that Mastercraft Boat will post 0.62 earnings per share for the current year.

Insider Transactions at Mastercraft Boat

In other Mastercraft Boat news, major shareholder Coliseum Capital Management, L acquired 25,000 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was acquired at an average price of $19.66 per share, for a total transaction of $491,500.00. Following the acquisition, the insider owned 3,697,422 shares in the company, valued at $72,691,316.52. This represents a 0.68% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Fund L.P. Forager sold 26,497 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $23.50, for a total transaction of $622,679.50. Following the completion of the sale, the insider directly owned 1,611,277 shares of the company’s stock, valued at approximately $37,865,009.50. This represents a 1.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have bought 134,807 shares of company stock valued at $2,649,367 and have sold 87,841 shares valued at $2,069,264. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership lifted its stake in shares of Mastercraft Boat by 1.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 70,694 shares of the company’s stock worth $1,313,000 after purchasing an additional 1,188 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Mastercraft Boat by 12.2% in the fourth quarter. Russell Investments Group Ltd. now owns 10,988 shares of the company’s stock worth $208,000 after purchasing an additional 1,193 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Mastercraft Boat by 3.1% during the second quarter. First Trust Advisors LP now owns 41,276 shares of the company’s stock valued at $767,000 after buying an additional 1,259 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Mastercraft Boat during the third quarter valued at about $32,000. Finally, Barclays PLC boosted its holdings in shares of Mastercraft Boat by 7.7% in the 4th quarter. Barclays PLC now owns 24,725 shares of the company’s stock valued at $468,000 after buying an additional 1,769 shares in the last quarter. Institutional investors own 97.64% of the company’s stock.

About Mastercraft Boat

MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) is a designer, manufacturer and marketer of high-performance recreational powerboats. The company’s portfolio includes the MasterCraft®, Aviara®, Crest® Classic and Supra® brands, each of which features multiple model lines tailored for activities such as wakeboarding, waterskiing, cruising and luxury day boating. MasterCraft oversees the full product lifecycle from hull design and propulsion engineering to interior appointments and final assembly.

Founded in 1968 and headquartered in Vonore, Tennessee, MasterCraft has built a reputation for innovation in hull design, ballast systems and tower architecture to enhance wake performance and ride quality.