Brokerages Set MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT) PT at $20.00

Key Points

• Mastercraft Boat Holdings, Inc. has received a consensus rating of "Hold" from seven brokerages, with five analysts issuing a hold rating and two a buy rating.
• The average 12-month price target for Mastercraft Boat is $20.00, with recent adjustments including Raymond James cutting its target from $24.00 to $21.00.
• Mastercraft Boat reported $0.30 EPS for the last quarter, exceeding estimates, but showed a 9.5% decrease in revenue compared to the previous year.

MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT - Get Free Report) has been given an average rating of "Hold" by the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective 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 raised their price objective on shares of MASTERCRAFT BOAT from $16.00 to $17.00 and gave the stock a "hold" rating in a research report on Thursday, May 8th. Raymond James Financial lowered their target price on shares of MASTERCRAFT BOAT from $24.00 to $21.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Finally, Wall Street Zen raised shares of MASTERCRAFT BOAT from a "sell" rating to a "hold" rating in a report on Saturday, May 10th.

MASTERCRAFT BOAT Trading Down 0.9%

MCFT stock traded down $0.17 during mid-day trading on Thursday, hitting $19.16. 9,811 shares of the company were exchanged, compared to its average volume of 90,647. The business has a 50 day simple moving average of $19.11 and a 200-day simple moving average of $17.97. The stock has a market capitalization of $317.97 million, a PE ratio of -49.12 and a beta of 1.00. MASTERCRAFT BOAT has a 1-year low of $14.39 and a 1-year high of $23.00.

Institutional Investors Weigh In On MASTERCRAFT BOAT

Hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. grew its stake 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 worth $4,847,000 after buying an additional 61,554 shares during the last quarter. Northern Trust Corp grew its stake 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 worth $2,544,000 after buying an additional 791 shares during the last quarter. Tower Research Capital LLC TRC grew its stake 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 worth $118,000 after buying an additional 4,487 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of MASTERCRAFT BOAT by 6,422.7% during the first quarter. GAMMA Investing LLC now owns 8,610 shares of the company's stock worth $148,000 after buying an additional 8,478 shares during the last quarter. Finally, Systematic Financial Management LP grew its stake in shares of MASTERCRAFT BOAT by 4.2% during the fourth quarter. Systematic Financial Management LP now owns 1,071,424 shares of the company's stock worth $20,432,000 after buying an additional 42,839 shares during the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

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.