Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives Average Rating of "Hold" from Brokerages

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.

Shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT - Get Free Report) have been given a consensus recommendation of "Hold" by the seven brokerages that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $20.00.

Several research firms have commented on MCFT. Raymond James Financial cut their target price on Mastercraft Boat from $24.00 to $21.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Truist Financial increased their price objective on Mastercraft Boat from $16.00 to $17.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Finally, Wall Street Zen upgraded Mastercraft Boat from a "sell" rating to a "hold" rating in a report on Saturday, May 10th.

Mastercraft Boat Stock Performance

Shares of MCFT opened at $19.99 on Thursday. The firm has a market cap of $331.83 million, a PE ratio of -51.26 and a beta of 1.00. The firm's 50 day moving average price is $19.01 and its 200 day moving average price is $17.97. Mastercraft Boat has a twelve month low of $14.39 and a twelve month high of $23.00.

Mastercraft Boat (NASDAQ:MCFT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.18 by $0.12. Mastercraft Boat had a negative net margin of 2.46% and a positive return on equity of 3.34%. The company had revenue of $75.96 million for the quarter, compared to analyst estimates of $75.15 million. During the same quarter in the prior year, the business posted $0.37 EPS. Mastercraft Boat's quarterly revenue was down 9.5% on a year-over-year basis. On average, sell-side analysts anticipate that Mastercraft Boat will post 0.62 earnings per share for the current fiscal year.

Institutional Trading of Mastercraft Boat

Several hedge funds have recently added to or reduced their stakes in MCFT. Divisar Capital Management LLC increased its position in Mastercraft Boat by 29.9% in the 4th quarter. Divisar Capital Management LLC now owns 1,006,805 shares of the company's stock worth $19,200,000 after buying an additional 231,908 shares during the period. Coliseum Capital Management LLC boosted its holdings in Mastercraft Boat by 5.6% in the 4th quarter. Coliseum Capital Management LLC now owns 3,562,615 shares of the company's stock valued at $67,939,000 after purchasing an additional 189,945 shares during the period. LHM Inc. grew its position in Mastercraft Boat by 106.8% in the 1st quarter. LHM Inc. now owns 177,406 shares of the company's stock worth $3,055,000 after purchasing an additional 91,616 shares during the last quarter. Franklin Resources Inc. grew its position in Mastercraft Boat by 32.0% in the 4th quarter. Franklin Resources Inc. now owns 254,193 shares of the company's stock worth $4,847,000 after purchasing an additional 61,554 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Mastercraft Boat by 131.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 108,193 shares of the company's stock worth $1,863,000 after purchasing an additional 61,399 shares during the period. Institutional investors 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.

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