Brokerages Set Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) PT at $23.60

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) has been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $23.60.

Several equities analysts recently issued reports on MCFT shares. Weiss Ratings restated a “hold (c)” rating on shares of Mastercraft Boat in a research note on Monday, December 29th. Zacks Research upgraded shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Wall Street Zen raised shares of Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Robert W. Baird set a $28.00 target price on shares of Mastercraft Boat in a research note on Friday, February 6th. Finally, Seaport Research Partners raised shares of Mastercraft Boat to a “hold” rating in a research report on Monday, December 22nd.

Insider Buying and Selling

In related news, major shareholder Coliseum Capital Management, L bought 76,000 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was acquired at an average price of $19.79 per share, for a total transaction of $1,504,040.00. Following the transaction, the insider directly owned 3,672,422 shares of the company’s stock, valued at $72,677,231.38. This represents a 2.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Fund L.P. Forager sold 30,131 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $23.43, for a total value of $705,969.33. Following the completion of the sale, the insider owned 1,637,774 shares in the company, valued at $38,373,044.82. This trade represents a 1.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders bought 134,807 shares of company stock valued at $2,649,367 and sold 87,841 shares valued at $2,069,264. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MCFT. Empowered Funds LLC grew its holdings in Mastercraft Boat by 7.3% during the first quarter. Empowered Funds LLC now owns 87,614 shares of the company’s stock valued at $1,509,000 after purchasing an additional 5,958 shares during the period. Jane Street Group LLC bought a new position in Mastercraft Boat during the first quarter worth about $236,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in Mastercraft Boat by 59.8% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 21,100 shares of the company’s stock valued at $392,000 after acquiring an additional 7,900 shares during the period. American Century Companies Inc. grew its stake in Mastercraft Boat by 7.3% in the second quarter. American Century Companies Inc. now owns 538,225 shares of the company’s stock valued at $10,000,000 after acquiring an additional 36,569 shares during the period. Finally, Forager Capital Management LLC increased its holdings in shares of Mastercraft Boat by 6.2% in the second quarter. Forager Capital Management LLC now owns 1,802,975 shares of the company’s stock worth $33,499,000 after acquiring an additional 105,280 shares in the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

Mastercraft Boat Stock Performance

Mastercraft Boat stock opened at $21.70 on Monday. The business’s 50-day simple moving average is $21.82 and its 200-day simple moving average is $20.98. Mastercraft Boat has a 52 week low of $14.39 and a 52 week high of $26.49. The firm has a market capitalization of $353.38 million, a PE ratio of 22.60 and a beta of 1.07.

Mastercraft Boat (NASDAQ:MCFT) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.29 earnings per share for the quarter, beating 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 company had revenue of $71.76 million during the quarter, compared to analysts’ expectations of $68.79 million. During the same period in the prior year, the business earned $0.10 earnings per share. Mastercraft Boat’s revenue for the quarter was up 13.2% compared to the same quarter last year. 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. Research analysts forecast that Mastercraft Boat will post 0.62 earnings per share for the current year.

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.