MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Given Consensus Recommendation of "Hold" by Analysts

Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Get Free Report) have earned a consensus rating of "Hold" from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $19.60.

A number of brokerages recently issued reports on MCFT. DA Davidson lowered their price target on MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Robert W. Baird reaffirmed a "neutral" rating and issued a $20.00 target price (down from $26.00) on shares of MasterCraft Boat in a research report on Friday, April 4th. B. Riley upgraded shares of MasterCraft Boat to a "hold" rating in a research note on Wednesday, February 12th. Truist Financial cut their target price on MasterCraft Boat from $22.00 to $16.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, Baird R W cut MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th.

MasterCraft Boat Stock Performance

Shares of MCFT traded up $0.27 during midday trading on Tuesday, hitting $16.92. 81,332 shares of the stock were exchanged, compared to its average volume of 138,373. MasterCraft Boat has a 52-week low of $14.39 and a 52-week high of $23.00. The stock has a fifty day simple moving average of $16.76 and a 200 day simple moving average of $18.32. The firm has a market cap of $283.46 million, a P/E ratio of -42.30 and a beta of 1.12.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.04. MasterCraft Boat had a positive return on equity of 3.74% and a negative net margin of 2.29%. As a group, equities research analysts forecast 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 bought 32,378 shares of MasterCraft Boat stock in a transaction dated Thursday, May 1st. The stock was bought at an average price of $16.66 per share, for a total transaction of $539,417.48. Following the purchase, the insider now owns 1,802,975 shares of the company's stock, valued at approximately $30,037,563.50. The trade was a 1.83 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders purchased a total of 77,420 shares of company stock valued at $1,261,191 in the last ninety days. Insiders own 4.00% of the company's stock.

Institutional Investors Weigh In On MasterCraft Boat

Institutional investors have recently added to or reduced their stakes in the business. State of Wyoming purchased a new stake in shares of MasterCraft Boat in the fourth quarter valued at approximately $108,000. Tower Research Capital LLC TRC boosted its position in shares of MasterCraft Boat by 260.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,210 shares of the company's stock worth $118,000 after purchasing an additional 4,487 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of MasterCraft Boat by 10.7% during the 4th quarter. SG Americas Securities LLC now owns 7,673 shares of the company's stock worth $146,000 after purchasing an additional 742 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of MasterCraft Boat by 7.5% in the 4th quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company's stock valued at $149,000 after purchasing an additional 544 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of MasterCraft Boat by 6,422.7% in the first quarter. GAMMA Investing LLC now owns 8,610 shares of the company's stock valued at $148,000 after purchasing an additional 8,478 shares during the period. Hedge funds and other institutional investors own 97.64% of the company's stock.

About MasterCraft Boat

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.