MCBC (NASDAQ:MCFT)‘s stock had its “buy” rating restated by stock analysts at Robert W. Baird in a research note issued on Thursday.

MCFT has been the topic of a number of other reports. Zacks Investment Research cut shares of MCBC from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th. B. Riley reissued a “buy” rating and set a $24.00 target price on shares of MCBC in a research report on Friday, November 10th. BidaskClub raised shares of MCBC from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. Finally, ValuEngine raised shares of MCBC from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $26.33.

MCBC (NASDAQ MCFT) traded down $0.50 during midday trading on Thursday, hitting $22.25. 169,024 shares of the stock were exchanged, compared to its average volume of 167,282. MCBC has a twelve month low of $13.94 and a twelve month high of $24.89. The company has a current ratio of 0.78, a quick ratio of 0.51 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $421.57, a PE ratio of 20.99, a P/E/G ratio of 0.95 and a beta of 1.25.

MCBC (NASDAQ:MCFT) last posted its earnings results on Thursday, February 8th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. MCBC had a net margin of 8.43% and a return on equity of 213.34%. The business had revenue of $78.40 million for the quarter, compared to analysts’ expectations of $74.65 million. During the same period in the previous year, the company posted $0.26 earnings per share. The business’s revenue for the quarter was up 53.4% compared to the same quarter last year. equities analysts forecast that MCBC will post 1.58 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Chicago Equity Partners LLC increased its stake in shares of MCBC by 8.6% in the third quarter. Chicago Equity Partners LLC now owns 80,750 shares of the company’s stock worth $1,646,000 after buying an additional 6,410 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of MCBC by 222.1% in the second quarter. Nationwide Fund Advisors now owns 13,969 shares of the company’s stock worth $273,000 after buying an additional 9,632 shares during the last quarter. Northern Trust Corp increased its stake in shares of MCBC by 105.9% in the second quarter. Northern Trust Corp now owns 204,206 shares of the company’s stock worth $3,993,000 after buying an additional 105,026 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of MCBC by 7.0% in the third quarter. Wells Fargo & Company MN now owns 529,091 shares of the company’s stock worth $10,783,000 after buying an additional 34,401 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of MCBC by 96.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 29,900 shares of the company’s stock worth $585,000 after buying an additional 14,700 shares during the last quarter. Institutional investors and hedge funds own 96.63% of the company’s stock.

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MCBC Company Profile

MCBC Holdings, Inc (MCBC) is a holding company. The Company is a designer and manufacturer of inboard tournament ski boats and V-drive runabouts under the MasterCraft brand. The Company operates through two segments: MasterCraft and Hydra-Sports. The MasterCraft product brand consists of recreational performance boats primarily used for water skiing, wakeboarding and wake surfing, and general recreational boating.

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