MASTERCRAFT BOAT (NASDAQ:MCFT) Upgraded at Zacks Research

Zacks Research upgraded shares of MASTERCRAFT BOAT (NASDAQ:MCFT) from a hold rating to a strong-buy rating in a report issued on Monday,Zacks.com reports.

MCFT has been the topic of a number of other research reports. Truist Financial set a $21.00 price objective on MASTERCRAFT BOAT in a research report on Friday, October 24th. Wall Street Zen raised MASTERCRAFT BOAT from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 30th. Raymond James Financial boosted their price objective on MASTERCRAFT BOAT from $21.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of MASTERCRAFT BOAT in a research report on Wednesday, October 8th. Finally, Robert W. Baird raised their price objective on MASTERCRAFT BOAT from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, MASTERCRAFT BOAT presently has an average rating of “Hold” and a consensus price target of $23.00.

MASTERCRAFT BOAT Stock Performance

NASDAQ MCFT opened at $21.31 on Monday. The stock has a 50-day moving average of $21.73 and a 200 day moving average of $19.51. The company has a market capitalization of $347.14 million, a price-to-earnings ratio of 48.43 and a beta of 0.97. MASTERCRAFT BOAT has a one year low of $14.39 and a one year high of $23.93.

MASTERCRAFT BOAT (NASDAQ:MCFT) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.22. MASTERCRAFT BOAT had a net margin of 2.48% and a return on equity of 7.01%. The business had revenue of $79.52 million for the quarter, compared to the consensus estimate of $70.45 million. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. The company’s revenue for the quarter 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. On average, equities analysts predict that MASTERCRAFT BOAT will post 0.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MASTERCRAFT BOAT

Several hedge funds have recently bought and sold shares of MCFT. New York State Teachers Retirement System bought a new stake in shares of MASTERCRAFT BOAT in the third quarter valued at about $32,000. State of Wyoming acquired a new stake in shares of MASTERCRAFT BOAT in the second quarter valued at approximately $61,000. Manning & Napier Advisors LLC acquired a new stake in shares of MASTERCRAFT BOAT in the third quarter valued at approximately $74,000. Harel Insurance Investments & Financial Services Ltd. increased 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 valued at $227,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of MASTERCRAFT BOAT in the first quarter valued at approximately $236,000. 97.64% of the stock is owned by institutional investors and hedge funds.

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.