Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFTGet Free Report) have been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $24.80.

MCFT has been the topic of a number of research analyst reports. Zacks Research raised Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Truist Financial raised their price target on Mastercraft Boat from $21.00 to $25.00 and gave the company a “hold” rating in a report on Monday, April 27th. Weiss Ratings lowered Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Robert W. Baird set a $30.00 price target on Mastercraft Boat in a report on Friday, May 8th. Finally, B. Riley Financial reissued a “neutral” rating on shares of Mastercraft Boat in a report on Friday, February 6th.

Get Our Latest Analysis on MCFT

Mastercraft Boat Stock Performance

MCFT stock opened at $23.21 on Wednesday. The stock has a market capitalization of $377.86 million, a price-to-earnings ratio of 34.13 and a beta of 1.07. Mastercraft Boat has a 1 year low of $16.50 and a 1 year high of $28.44. The stock’s fifty day moving average is $22.76 and its two-hundred day moving average is $21.35.

Mastercraft Boat (NASDAQ:MCFTGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The company had revenue of $78.21 million for the quarter, compared to analyst estimates of $75.55 million. Mastercraft Boat had a return on equity of 10.56% and a net margin of 3.72%.The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. As a group, analysts predict that Mastercraft Boat will post 1.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in Mastercraft Boat during the fourth quarter worth about $42,000. State of Wyoming acquired a new position in Mastercraft Boat during the second quarter worth about $61,000. Kemnay Advisory Services Inc. acquired a new position in Mastercraft Boat during the fourth quarter worth about $63,000. Russell Investments Group Ltd. grew its holdings in Mastercraft Boat by 16.6% during the third quarter. Russell Investments Group Ltd. now owns 9,795 shares of the company’s stock worth $210,000 after acquiring an additional 1,394 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in Mastercraft Boat during the fourth quarter worth about $203,000. 97.64% of the stock is owned by institutional investors and hedge funds.

Mastercraft Boat Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Mastercraft Boat (NASDAQ:MCFT)

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