MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT) Given Average Rating of "Hold" by Analysts

Shares of MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT - Get Free Report) have been given an average rating of "Hold" by the seven analysts that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $20.00.

MCFT has been the subject of several research reports. Truist Financial increased their target price on MASTERCRAFT BOAT from $16.00 to $17.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. Baird R W downgraded MASTERCRAFT BOAT from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Robert W. Baird restated a "neutral" rating and set a $20.00 price objective (down from $26.00) on shares of MASTERCRAFT BOAT in a research report on Friday, April 4th. Wall Street Zen upgraded MASTERCRAFT BOAT from a "sell" rating to a "hold" rating in a research report on Saturday, May 10th. Finally, Raymond James Financial lowered their price objective on MASTERCRAFT BOAT from $24.00 to $21.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th.

MASTERCRAFT BOAT Stock Up 0.3%

MASTERCRAFT BOAT stock traded up $0.06 during trading hours on Wednesday, hitting $17.99. The stock had a trading volume of 234,022 shares, compared to its average volume of 124,254. The stock has a market cap of $298.63 million, a price-to-earnings ratio of -46.13 and a beta of 1.01. MASTERCRAFT BOAT has a one year low of $14.39 and a one year high of $23.00. The business's 50 day simple moving average is $17.11 and its 200-day simple moving average is $17.81.

MASTERCRAFT BOAT (NASDAQ:MCFT - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.18 by $0.12. The firm had revenue of $75.96 million during the quarter, compared to the consensus estimate of $75.15 million. MASTERCRAFT BOAT had a positive return on equity of 3.34% and a negative net margin of 2.46%. The business's quarterly revenue was down 9.5% on a year-over-year basis. During the same period last year, the company earned $0.37 earnings per share. Research analysts anticipate that MASTERCRAFT BOAT will post 0.62 EPS for the current fiscal year.

Insider Buying and Selling at MASTERCRAFT BOAT

In other news, major shareholder Fund L.P. Forager acquired 4,563 shares of MASTERCRAFT BOAT stock in a transaction on Monday, April 21st. The stock was purchased at an average price of $15.99 per share, with a total value of $72,962.37. Following the completion of the purchase, the insider now owns 1,729,504 shares of the company's stock, valued at approximately $27,654,768.96. The trade was a 0.26% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders bought 77,420 shares of company stock valued at $1,261,191. Company insiders own 4.00% of the company's stock.

Institutional Investors Weigh In On MASTERCRAFT BOAT

A number of hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in shares of MASTERCRAFT BOAT by 32.0% during the fourth quarter. Franklin Resources Inc. now owns 254,193 shares of the company's stock valued at $4,847,000 after buying an additional 61,554 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of MASTERCRAFT BOAT by 9.4% during the fourth quarter. Principal Financial Group Inc. now owns 11,502 shares of the company's stock valued at $219,000 after buying an additional 993 shares during the last quarter. Northern Trust Corp boosted its position in shares of MASTERCRAFT BOAT by 0.6% during the fourth quarter. Northern Trust Corp now owns 133,422 shares of the company's stock valued at $2,544,000 after buying an additional 791 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of MASTERCRAFT BOAT by 260.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,210 shares of the company's stock valued at $118,000 after buying an additional 4,487 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of MASTERCRAFT BOAT during the fourth quarter valued at approximately $448,000. Institutional investors and hedge funds 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.