MasterCraft Boat (NASDAQ:MCFT) Given New $19.00 Price Target at B. Riley

MasterCraft Boat (NASDAQ:MCFTFree Report) had its target price lowered by B. Riley from $22.00 to $19.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages have also recently commented on MCFT. Stifel Nicolaus dropped their price target on shares of MasterCraft Boat from $27.00 to $25.00 and set a buy rating on the stock in a research note on Thursday, May 9th. Truist Financial lowered their target price on shares of MasterCraft Boat from $20.00 to $15.00 and set a hold rating on the stock in a research note on Monday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, MasterCraft Boat presently has a consensus rating of Hold and an average target price of $22.33.

Read Our Latest Report on MasterCraft Boat

MasterCraft Boat Stock Down 0.7 %

MasterCraft Boat stock opened at $17.66 on Wednesday. MasterCraft Boat has a twelve month low of $17.31 and a twelve month high of $31.70. The firm has a 50 day moving average price of $19.89 and a 200-day moving average price of $21.05. The company has a market capitalization of $299.87 million, a P/E ratio of 7.95 and a beta of 1.63. The company has a quick ratio of 1.54, a current ratio of 2.02 and a debt-to-equity ratio of 0.23.

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

Insider Transactions at MasterCraft Boat

In related news, major shareholder Coliseum Capital Management, L purchased 60,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were purchased at an average price of $21.84 per share, with a total value of $1,310,400.00. Following the acquisition, the insider now directly owns 2,224,284 shares of the company’s stock, valued at $48,578,362.56. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have purchased 839,630 shares of company stock valued at $17,259,990 in the last quarter. Insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On MasterCraft Boat

Institutional investors and hedge funds have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of MasterCraft Boat during the 1st quarter valued at $43,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of MasterCraft Boat by 41.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,486 shares of the company’s stock worth $102,000 after purchasing an additional 1,306 shares during the period. Carmel Capital Partners LLC lifted its position in shares of MasterCraft Boat by 596.4% in the 4th quarter. Carmel Capital Partners LLC now owns 8,879 shares of the company’s stock worth $201,000 after purchasing an additional 7,604 shares during the period. CastleKnight Management LP purchased a new stake in shares of MasterCraft Boat in the 4th quarter worth about $263,000. Finally, Janus Henderson Group PLC lifted its position in shares of MasterCraft Boat by 40.5% in the 1st quarter. Janus Henderson Group PLC now owns 13,047 shares of the company’s stock worth $310,000 after purchasing an additional 3,762 shares during the period. Institutional investors own 97.64% of the company’s stock.

MasterCraft Boat Company Profile

(Get Free Report)

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.

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Analyst Recommendations for MasterCraft Boat (NASDAQ:MCFT)

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