Robert W. Baird Has Lowered Expectations for Mastercraft Boat (NASDAQ:MCFT) Stock Price

Mastercraft Boat (NASDAQ:MCFT) had its price objective dropped by equities research analysts at Robert W. Baird from $30.00 to $26.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 26.40% from the stock’s current price.

MCFT has been the topic of several other reports. Weiss Ratings upgraded shares of Mastercraft Boat from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Zacks Research cut shares of Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. Finally, Truist Financial upped their price target on shares of Mastercraft Boat from $25.00 to $28.00 and gave the company a “hold” rating in a report on Monday, July 6th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.00.

Mastercraft Boat Stock Performance

Shares of MCFT stock opened at $20.57 on Friday. The stock has a fifty day moving average price of $24.29 and a 200 day moving average price of $23.16. The stock has a market cap of $334.88 million, a PE ratio of 30.25 and a beta of 1.07. Mastercraft Boat has a 1 year low of $17.19 and a 1 year high of $28.44.

Mastercraft Boat (NASDAQ:MCFT) last posted its earnings results on Thursday, September 10th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.04. Mastercraft Boat had a return on equity of 10.56% and a net margin of 3.72%.The company had revenue of $129.94 million for the quarter, compared to analyst estimates of $101.79 million. During the same quarter in the prior year, the company earned $0.40 earnings per share. Mastercraft Boat’s revenue was up 63.4% compared to the same quarter last year. As a group, equities research analysts predict that Mastercraft Boat will post 1.5 earnings per share for the current year.

Institutional Trading of Mastercraft Boat

Several institutional investors and hedge funds have recently made changes to their positions in MCFT. Coliseum Capital Management LLC increased its position in Mastercraft Boat by 3.8% during the 4th quarter. Coliseum Capital Management LLC now owns 3,697,422 shares of the company’s stock worth $69,918,000 after purchasing an additional 134,807 shares in the last quarter. BlackRock Inc. purchased a new position in Mastercraft Boat in the 2nd quarter valued at about $36,896,000. Dimensional Fund Advisors LP lifted its holdings in Mastercraft Boat by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 859,835 shares of the company’s stock valued at $17,636,000 after purchasing an additional 28,063 shares in the last quarter. Pillsbury Lake Capital LLC acquired a new stake in shares of Mastercraft Boat during the 2nd quarter worth about $12,886,943. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of Mastercraft Boat during the 2nd quarter worth about $10,073,000. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

Key Mastercraft Boat News

Here are the key news stories impacting Mastercraft Boat this week:

• Positive Sentiment: MasterCraft reported fiscal fourth-quarter revenue of $129.9 million, up 63.4% year over year and well above the roughly $101.8 million analyst consensus. Adjusted earnings of $0.67 per share also exceeded estimates, while earnings increased from $0.40 per share a year earlier. MasterCraft Fiscal 2026 Results
• Positive Sentiment: The company’s sales received a significant boost from its acquisition of Marine Products, supporting the sharp year-over-year growth and expanding MasterCraft’s product portfolio. MasterCraft Sales Get Big Boost From Marine Products Acquisition
• Positive Sentiment: The quarterly performance surpassed earnings expectations, a factor that initially supported investor optimism about the company’s operating momentum. MasterCraft Beats Q4 Earnings and Revenue Estimates
• Neutral Sentiment: MasterCraft’s fiscal 2026 results include continuing operations across Performance and Wake, Leisure, and Recreation and Sport Fishing, following changes to its segment reporting. MasterCraft Q4 2026 Earnings Call Transcript
• Negative Sentiment: Management projected $287 million to $291 million in sales and $0.66 to $0.76 in adjusted EPS for a six-month transition period, while anticipating a 5% to 10% decline in retail demand. The softer outlook raises concerns about near-term consumer weakness and limits the impact of the strong reported quarter. MasterCraft Transition-Period Outlook
• Negative Sentiment: The stock’s decline indicates investors are focusing more on the anticipated demand slowdown and transition-period uncertainty than on the latest earnings beat.

Mastercraft Boat Company Profile

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.