Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives $24.80 Average PT from Analysts

Shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) have been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $24.80.

MCFT has been the topic of a number of analyst reports. Zacks Research upgraded Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Weiss Ratings downgraded shares of Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Truist Financial boosted their target price on shares of Mastercraft Boat from $21.00 to $25.00 and gave the company a “hold” rating in a research note on Monday, April 27th. Finally, Robert W. Baird set a $30.00 target price on shares of Mastercraft Boat in a research note on Friday, May 8th.

Mastercraft Boat Trading Up 3.6%

Shares of MCFT opened at $22.90 on Wednesday. The stock has a market cap of $372.81 million, a P/E ratio of 33.68 and a beta of 1.07. The company has a 50-day moving average of $22.95 and a two-hundred day moving average of $21.53. Mastercraft Boat has a 12-month low of $17.19 and a 12-month high of $28.44.

Mastercraft Boat (NASDAQ:MCFT) last announced its earnings results on Thursday, May 7th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The firm 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 quarter in the prior year, the firm earned $0.30 EPS. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. As a group, analysts forecast that Mastercraft Boat will post 1.54 EPS for the current fiscal year.

Institutional Trading of Mastercraft Boat

A number of hedge funds have recently bought and sold shares of MCFT. State of Alaska Department of Revenue acquired a new stake in Mastercraft Boat during the fourth quarter worth approximately $42,000. State of Wyoming acquired a new stake in Mastercraft Boat during the second quarter worth approximately $61,000. Kemnay Advisory Services Inc. acquired a new position in Mastercraft Boat in the fourth quarter valued at $63,000. Meeder Asset Management Inc. acquired a new position in Mastercraft Boat in the fourth quarter valued at $203,000. Finally, Russell Investments Group Ltd. increased its stake in Mastercraft Boat by 12.2% in the fourth quarter. Russell Investments Group Ltd. now owns 10,988 shares of the company’s stock valued at $208,000 after purchasing an additional 1,193 shares during the last quarter. Institutional investors and hedge funds 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.