Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Given Consensus Rating of “Hold” by Brokerages

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) has earned an average rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $25.40.

MCFT has been the topic of several analyst reports. Robert W. Baird set a $30.00 price target on shares of Mastercraft Boat in a research report on Friday, May 8th. Zacks Research lowered shares of Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. Truist Financial lifted their price target on Mastercraft Boat from $25.00 to $28.00 and gave the stock a “hold” rating in a report on Monday, July 6th. Finally, Weiss Ratings cut shares of Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th.

Institutional Trading of Mastercraft Boat

A number of institutional investors and hedge funds have recently made changes to their positions in MCFT. State of Alaska Department of Revenue bought a new stake in Mastercraft Boat during the fourth quarter worth $42,000. State of Wyoming acquired a new stake in shares of Mastercraft Boat during the second quarter valued at about $61,000. Kemnay Advisory Services Inc. bought a new stake in Mastercraft Boat during the 4th quarter worth approximately $63,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Mastercraft Boat in the second quarter worth $231,000. Finally, Russell Investments Group Ltd. grew its position in shares of Mastercraft Boat by 16.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,795 shares of the company’s stock valued at $210,000 after buying an additional 1,394 shares during the last quarter. Institutional investors own 97.64% of the company’s stock.

Mastercraft Boat Price Performance

Shares of NASDAQ:MCFT opened at $24.62 on Thursday. The company’s 50-day moving average price is $23.86 and its two-hundred day moving average price is $22.83. Mastercraft Boat has a one year low of $17.19 and a one year high of $28.44. The stock has a market capitalization of $400.81 million, a PE ratio of 36.21 and a beta of 1.05.

Mastercraft Boat (NASDAQ:MCFT) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $78.21 million during 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 revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 EPS. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. On average, analysts anticipate that Mastercraft Boat will post 1.5 earnings per share for the current fiscal 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.