MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives Average Recommendation of “Buy” from Analysts

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFTGet Rating) has received a consensus rating of “Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $38.50.

Several research analysts recently commented on MCFT shares. StockNews.com started coverage on shares of MasterCraft Boat in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Raymond James raised their price target on shares of MasterCraft Boat from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, February 4th. Zacks Investment Research downgraded shares of MasterCraft Boat from a “buy” rating to a “hold” rating in a research note on Saturday, April 9th. Truist Financial reduced their price target on shares of MasterCraft Boat from $30.00 to $26.00 in a research note on Wednesday, January 26th. Finally, B. Riley reaffirmed a “buy” rating and issued a $47.00 price target on shares of MasterCraft Boat in a research note on Monday, March 28th.

A number of institutional investors have recently modified their holdings of MCFT. Coliseum Capital Management LLC bought a new position in MasterCraft Boat during the 4th quarter worth about $35,438,000. Forager Capital Management LLC bought a new stake in shares of MasterCraft Boat in the 4th quarter valued at about $19,031,000. Wellington Management Group LLP bought a new stake in shares of MasterCraft Boat in the 3rd quarter valued at about $3,072,000. Forager Funds Management Pty Ltd bought a new stake in shares of MasterCraft Boat in the 4th quarter valued at about $4,107,000. Finally, Harbert Fund Advisors Inc. bought a new stake in shares of MasterCraft Boat in the 3rd quarter valued at about $2,273,000. Institutional investors own 88.64% of the company’s stock.

Shares of MCFT opened at $24.54 on Friday. MasterCraft Boat has a twelve month low of $22.08 and a twelve month high of $33.63. The company has a market cap of $453.94 million, a P/E ratio of 7.77 and a beta of 2.00. The company has a current ratio of 1.48, a quick ratio of 0.38 and a debt-to-equity ratio of 0.57. The company’s fifty day simple moving average is $25.72 and its 200-day simple moving average is $26.60.

MasterCraft Boat (NASDAQ:MCFTGet Rating) last announced its earnings results on Thursday, February 3rd. The company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.11. MasterCraft Boat had a net margin of 9.87% and a return on equity of 58.85%. The business had revenue of $159.47 million for the quarter, compared to the consensus estimate of $153.52 million. During the same quarter in the prior year, the firm posted $0.72 earnings per share. Analysts predict that MasterCraft Boat will post 4.08 earnings per share for the current fiscal year.

About MasterCraft Boat (Get Rating)

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through three segments: MasterCraft, NauticStar, and Crest. The MasterCraft segment produces recreational performance sport boats and luxury day boats under the MasterCraft and Aviara brands, which are used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

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