Brokerages Set Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Target Price at $25.40

Shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) have received an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $25.40.

A number of research firms have recently commented on MCFT. Robert W. Baird set a $30.00 price objective on Mastercraft Boat in a report on Friday, May 8th. Weiss Ratings lowered Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Truist Financial boosted their target price on Mastercraft Boat from $25.00 to $28.00 and gave the stock a “hold” rating in a research note on Monday, July 6th. Finally, Zacks Research downgraded Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th.

Mastercraft Boat Trading Up 2.0%

Shares of MCFT stock opened at $24.27 on Thursday. The firm has a fifty day moving average price of $23.73 and a 200 day moving average price of $22.72. The company has a market cap of $395.12 million, a P/E ratio of 35.69 and a beta of 1.05. Mastercraft Boat has a 12 month low of $17.19 and a 12 month high of $28.44.

Mastercraft Boat (NASDAQ:MCFT) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The company had revenue of $78.21 million for the quarter, compared to analysts’ expectations of $75.55 million. Mastercraft Boat had a return on equity of 10.56% and a net margin of 3.72%.Mastercraft Boat’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. On average, equities analysts forecast that Mastercraft Boat will post 1.5 EPS for the current year.

Institutional Trading of Mastercraft Boat

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in shares of Mastercraft Boat by 1,252.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 112,930 shares of the company’s stock valued at $2,423,000 after buying an additional 104,577 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Mastercraft Boat in the fourth quarter valued at $1,355,000. Ellsworth Advisors LLC purchased a new stake in Mastercraft Boat in the fourth quarter valued at $523,000. UBS Group AG boosted its stake in Mastercraft Boat by 130.6% in the fourth quarter. UBS Group AG now owns 107,912 shares of the company’s stock valued at $2,041,000 after acquiring an additional 61,120 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in Mastercraft Boat by 19.0% in the fourth quarter. Royce & Associates LP now owns 305,466 shares of the company’s stock valued at $5,776,000 after acquiring an additional 48,764 shares in the last quarter. Hedge funds and other institutional investors own 97.64% of the company’s stock.

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.