Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives $23.60 Average Target Price from Analysts

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

Several analysts recently commented on MCFT shares. Zacks Research upgraded Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. B. Riley Financial reiterated a “neutral” rating on shares of Mastercraft Boat in a report on Friday, February 6th. Loop Capital initiated coverage on shares of Mastercraft Boat in a research report on Monday, December 22nd. They set a “hold” rating and a $21.00 target price on the stock. Wall Street Zen raised shares of 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 price target on shares of Mastercraft Boat in a report on Friday, February 6th.

Mastercraft Boat Stock Performance

NASDAQ:MCFT opened at $20.16 on Friday. The stock has a fifty day moving average price of $21.98 and a two-hundred day moving average price of $20.87. Mastercraft Boat has a 1 year low of $14.39 and a 1 year high of $26.49. The stock has a market capitalization of $328.14 million, a price-to-earnings ratio of 21.00 and a beta of 1.07.

Mastercraft Boat (NASDAQ:MCFT) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.13. Mastercraft Boat had a return on equity of 9.51% and a net margin of 5.27%.The business had revenue of $71.76 million during the quarter, compared to the consensus estimate of $68.79 million. During the same quarter in the previous year, the company posted $0.10 EPS. The business’s revenue was up 13.2% on a year-over-year basis. 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, analysts predict that Mastercraft Boat will post 0.62 EPS for the current year.

Insider Transactions at Mastercraft Boat

In other Mastercraft Boat news, major shareholder Fund L.P. Forager sold 30,131 shares of Mastercraft Boat stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $23.43, for a total transaction of $705,969.33. Following the transaction, the insider directly owned 1,637,774 shares in the company, valued at approximately $38,373,044.82. The trade was a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 87,841 shares of company stock worth $2,069,264 in the last ninety days. 2.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mastercraft Boat

Several hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership lifted its position in shares of Mastercraft Boat by 1.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 70,694 shares of the company’s stock valued at $1,313,000 after buying an additional 1,188 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Mastercraft Boat by 12.2% during the fourth quarter. Russell Investments Group Ltd. now owns 10,988 shares of the company’s stock worth $208,000 after buying an additional 1,193 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Mastercraft Boat by 3.1% in the second 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 during the last quarter. New York State Teachers Retirement System bought a new stake in shares of Mastercraft Boat in the 3rd quarter valued at $32,000. Finally, Barclays PLC grew its stake in Mastercraft Boat by 7.7% during the fourth quarter. Barclays PLC now owns 24,725 shares of the company’s stock worth $468,000 after purchasing an additional 1,769 shares during the period. Institutional investors own 97.64% of the company’s stock.

About Mastercraft Boat

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.