Brokerages Set MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT) Target Price at $22.20

MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT) has earned an average rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $22.20.

Several brokerages have weighed in on MCFT. Robert W. Baird lifted their price objective on MASTERCRAFT BOAT from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. B. Riley upped their price objective on shares of MASTERCRAFT BOAT from $17.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Raymond James Financial increased their price objective on shares of MASTERCRAFT BOAT from $21.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Finally, Wall Street Zen upgraded shares of MASTERCRAFT BOAT from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 30th.

MASTERCRAFT BOAT Price Performance

MCFT opened at $21.81 on Friday. The company has a market capitalization of $355.28 million, a PE ratio of 49.57 and a beta of 1.03. The business has a fifty day simple moving average of $21.15 and a 200 day simple moving average of $18.79. MASTERCRAFT BOAT has a 1 year low of $14.39 and a 1 year high of $23.93.

MASTERCRAFT BOAT (NASDAQ:MCFT) last announced its earnings results on Wednesday, August 27th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.22. MASTERCRAFT BOAT had a net margin of 2.48% and a return on equity of 7.01%. The company had revenue of $79.52 million during the quarter, compared to analysts’ expectations of $70.45 million. During the same quarter in the previous year, the business posted ($0.04) earnings per share. MASTERCRAFT BOAT’s quarterly revenue was up 46.4% on a year-over-year basis. MASTERCRAFT BOAT has set its FY 2026 guidance at 1.150-1.40 EPS. Q1 2026 guidance at 0.160-0.160 EPS. Equities analysts anticipate that MASTERCRAFT BOAT will post 0.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MASTERCRAFT BOAT

Large investors have recently modified their holdings of the business. SummerHaven Investment Management LLC lifted its position in shares of MASTERCRAFT BOAT by 1.9% during the 1st quarter. SummerHaven Investment Management LLC now owns 43,323 shares of the company’s stock worth $746,000 after buying an additional 790 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of MASTERCRAFT BOAT by 8.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 13,200 shares of the company’s stock worth $227,000 after acquiring an additional 1,000 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of MASTERCRAFT BOAT by 1.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 70,694 shares of the company’s stock valued at $1,313,000 after purchasing an additional 1,188 shares in the last quarter. First Trust Advisors LP increased its position in MASTERCRAFT BOAT by 3.1% during the 2nd quarter. First Trust Advisors LP now owns 41,276 shares of the company’s stock worth $767,000 after purchasing an additional 1,259 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in MASTERCRAFT BOAT by 18.0% in the second quarter. Quantinno Capital Management LP now owns 16,327 shares of the company’s stock valued at $303,000 after buying an additional 2,496 shares in the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

About MASTERCRAFT BOAT

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.