MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives $21.83 Consensus Target Price from Brokerages

Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) have earned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $21.83.

MCFT has been the subject of a number of research analyst reports. B. Riley lowered their target price on MasterCraft Boat from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Stifel Nicolaus lowered their target price on MasterCraft Boat from $25.00 to $22.00 and set a “buy” rating for the company in a report on Friday, July 12th. Finally, Truist Financial lowered their target price on MasterCraft Boat from $20.00 to $15.00 and set a “hold” rating for the company in a report on Monday, July 8th.

MasterCraft Boat Price Performance

Shares of MCFT opened at $21.17 on Thursday. MasterCraft Boat has a 1 year low of $17.31 and a 1 year high of $31.70. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 1.54. The company has a market capitalization of $359.47 million, a price-to-earnings ratio of 9.54 and a beta of 1.63. The business has a 50-day moving average of $19.83 and a 200-day moving average of $20.82.

MasterCraft Boat (NASDAQ:MCFT) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.09. The company had revenue of $95.71 million during the quarter, compared to the consensus estimate of $92.32 million. MasterCraft Boat had a return on equity of 21.71% and a net margin of 8.26%. As a group, equities research analysts anticipate that MasterCraft Boat will post 0.85 earnings per share for the current year.

Insider Activity

In other news, major shareholder Coliseum Capital Management, L acquired 175,022 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was purchased at an average price of $20.98 per share, for a total transaction of $3,671,961.56. Following the completion of the acquisition, the insider now directly owns 2,865,540 shares in the company, valued at approximately $60,119,029.20. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders bought a total of 646,508 shares of company stock worth $13,165,521 over the last quarter. 2.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MasterCraft Boat

Hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP boosted its position in shares of MasterCraft Boat by 11.2% during the fourth quarter. Wellington Management Group LLP now owns 590,100 shares of the company’s stock valued at $13,360,000 after buying an additional 59,200 shares during the last quarter. Wasatch Advisors LP boosted its position in shares of MasterCraft Boat by 34.2% during the first 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 last quarter. American Century Companies Inc. boosted its position in shares of MasterCraft Boat by 15.8% during the third quarter. American Century Companies Inc. now owns 258,634 shares of the company’s stock valued at $5,747,000 after buying an additional 35,374 shares during the last quarter. Empowered Funds LLC boosted its position in shares of MasterCraft Boat by 28.1% during the first quarter. Empowered Funds LLC now owns 183,617 shares of the company’s stock valued at $4,355,000 after buying an additional 40,302 shares during the last quarter. Finally, Isthmus Partners LLC boosted its position in shares of MasterCraft Boat by 71.5% during the first quarter. Isthmus Partners LLC now owns 146,174 shares of the company’s stock valued at $3,467,000 after buying an additional 60,947 shares during the last quarter. Institutional investors own 97.64% of the company’s stock.

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.