MasterCraft Boat (NASDAQ:MCFT) PT Lowered to $25.00 at Stifel Nicolaus

MasterCraft Boat (NASDAQ:MCFT) had its price target lowered by equities researchers at Stifel Nicolaus from $27.00 to $25.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 25.44% from the stock’s current price.

Separately, B. Riley reduced their price target on shares of MasterCraft Boat from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $24.00.

MasterCraft Boat Price Performance

MasterCraft Boat stock traded up $0.14 during trading hours on Thursday, reaching $19.93. 16,226 shares of the stock were exchanged, compared to its average volume of 128,368. The company has a market cap of $339.49 million, a P/E ratio of 6.10 and a beta of 1.65. The company has a current ratio of 2.11, a quick ratio of 1.58 and a debt-to-equity ratio of 0.24. MasterCraft Boat has a twelve month low of $18.01 and a twelve month high of $31.70. The stock has a 50 day moving average of $21.62 and a two-hundred day moving average of $21.41.

MasterCraft Boat (NASDAQ:MCFT) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.17. MasterCraft Boat had a net margin of 10.66% and a return on equity of 32.01%. The company had revenue of $99.48 million for the quarter, compared to the consensus estimate of $95.53 million. During the same period last year, the company posted $1.16 EPS. The firm’s quarterly revenue was down 37.5% compared to the same quarter last year. Equities analysts expect that MasterCraft Boat will post 1.51 EPS for the current fiscal year.

Insider Activity at MasterCraft Boat

In other MasterCraft Boat news, major shareholder Coliseum Capital Management, L acquired 118,620 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average price of $21.84 per share, for a total transaction of $2,590,660.80. Following the acquisition, the insider now directly owns 2,151,676 shares in the company, valued at $46,992,603.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired a total of 347,217 shares of company stock worth $7,430,463 in the last quarter. 2.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MCFT. Wellington Management Group LLP raised its holdings in MasterCraft Boat by 73.5% during the 3rd quarter. Wellington Management Group LLP now owns 530,900 shares of the company’s stock worth $11,797,000 after purchasing an additional 224,900 shares during the last quarter. Wasatch Advisors LP grew its position in MasterCraft Boat by 34.2% in the 1st quarter. Wasatch Advisors LP now owns 381,471 shares of the company’s stock valued at $9,048,000 after purchasing an additional 97,170 shares during the period. AQR Capital Management LLC grew its position in MasterCraft Boat by 29.6% in the 3rd quarter. AQR Capital Management LLC now owns 412,977 shares of the company’s stock valued at $9,176,000 after purchasing an additional 94,420 shares during the period. Seizert Capital Partners LLC grew its position in MasterCraft Boat by 52.0% in the 3rd quarter. Seizert Capital Partners LLC now owns 182,094 shares of the company’s stock valued at $4,046,000 after purchasing an additional 62,291 shares during the period. Finally, Isthmus Partners LLC boosted its holdings in MasterCraft Boat by 71.5% during the 1st quarter. Isthmus Partners LLC now owns 146,174 shares of the company’s stock worth $3,467,000 after acquiring an additional 60,947 shares during the last quarter. Institutional investors own 97.64% of the company’s stock.

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.