Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives Average Recommendation of “Hold” from Brokerages

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) has earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $23.60.

Several equities analysts have recently commented on MCFT shares. Seaport Research Partners raised shares of Mastercraft Boat to a “hold” rating in a research note on Monday, December 22nd. Zacks Research upgraded Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mastercraft Boat in a report on Monday, December 29th. Wall Street Zen upgraded Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Finally, Robert W. Baird set a $28.00 target price on Mastercraft Boat in a research note on Friday, February 6th.

Insiders Place Their Bets

In related news, major shareholder Fund L.P. Forager sold 30,131 shares of Mastercraft Boat stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $23.43, for a total transaction of $705,969.33. Following the completion of the transaction, the insider directly owned 1,637,774 shares of the company’s stock, valued at $38,373,044.82. This trade represents a 1.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Coliseum Capital Management, L purchased 76,000 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was bought at an average price of $19.79 per share, for a total transaction of $1,504,040.00. Following the purchase, the insider directly owned 3,672,422 shares in the company, valued at $72,677,231.38. The trade was a 2.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 134,807 shares of company stock valued at $2,649,367 and sold 61,344 shares valued at $1,446,585. 2.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC grew its stake in shares of Mastercraft Boat by 7.3% during the 1st quarter. Empowered Funds LLC now owns 87,614 shares of the company’s stock valued at $1,509,000 after purchasing an additional 5,958 shares during the period. Jane Street Group LLC purchased a new position in shares of Mastercraft Boat in the first quarter worth approximately $236,000. Harel Insurance Investments & Financial Services Ltd. grew its position in Mastercraft Boat by 59.8% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 21,100 shares of the company’s stock valued at $392,000 after buying an additional 7,900 shares during the period. American Century Companies Inc. increased its holdings in Mastercraft Boat by 7.3% during the second quarter. American Century Companies Inc. now owns 538,225 shares of the company’s stock valued at $10,000,000 after buying an additional 36,569 shares during the last quarter. Finally, Forager Capital Management LLC raised its position in Mastercraft Boat by 6.2% in the second quarter. Forager Capital Management LLC now owns 1,802,975 shares of the company’s stock worth $33,499,000 after acquiring an additional 105,280 shares during the period. 97.64% of the stock is owned by hedge funds and other institutional investors.

Mastercraft Boat Stock Performance

Shares of NASDAQ MCFT opened at $23.29 on Monday. Mastercraft Boat has a fifty-two week low of $14.39 and a fifty-two week high of $26.49. The stock has a market cap of $379.16 million, a PE ratio of 24.26 and a beta of 1.07. The stock has a fifty day moving average of $21.50 and a 200-day moving average of $20.88.

Mastercraft Boat (NASDAQ:MCFT) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.16 by $0.13. The firm had revenue of $71.76 million during the quarter, compared to the consensus estimate of $68.79 million. Mastercraft Boat had a net margin of 5.27% and a return on equity of 9.51%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.10 EPS. Mastercraft Boat has set its Q3 2026 guidance at 0.350-0.350 EPS and its FY 2026 guidance at 1.450-1.600 EPS. On average, sell-side analysts predict that Mastercraft Boat will post 0.62 EPS for the current year.

Mastercraft Boat Company Profile

MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) is a designer, manufacturer and marketer of high-performance recreational powerboats. The company’s portfolio includes the MasterCraft®, Aviara®, Crest® Classic and Supra® brands, each of which features multiple model lines tailored for activities such as wakeboarding, waterskiing, cruising and luxury day boating. MasterCraft oversees the full product lifecycle from hull design and propulsion engineering to interior appointments and final assembly.

Founded in 1968 and headquartered in Vonore, Tennessee, MasterCraft has built a reputation for innovation in hull design, ballast systems and tower architecture to enhance wake performance and ride quality.