MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT) Receives Consensus Recommendation of "Hold" from Brokerages

MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT - Get Free Report) has received a consensus recommendation of "Hold" from the seven analysts that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $20.00.

A number of research firms have weighed in on MCFT. Raymond James Financial decreased their target price on shares of MASTERCRAFT BOAT from $24.00 to $21.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Truist Financial boosted their price objective on shares of MASTERCRAFT BOAT from $16.00 to $17.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. Wall Street Zen raised shares of MASTERCRAFT BOAT from a "sell" rating to a "hold" rating in a research note on Saturday, May 10th. Baird R W lowered shares of MASTERCRAFT BOAT from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Robert W. Baird restated a "neutral" rating and issued a $20.00 target price (down previously from $26.00) on shares of MASTERCRAFT BOAT in a report on Friday, April 4th.

MASTERCRAFT BOAT Price Performance

NASDAQ:MCFT traded down $0.52 during mid-day trading on Friday, reaching $19.71. The stock had a trading volume of 14,984 shares, compared to its average volume of 114,687. The stock has a 50-day simple moving average of $18.09 and a two-hundred day simple moving average of $17.79. The stock has a market capitalization of $327.19 million, a PE ratio of -50.74 and a beta of 1.01. MASTERCRAFT BOAT has a 12 month low of $14.39 and a 12 month high of $23.00.

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

Insider Buying and Selling at MASTERCRAFT BOAT

In other MASTERCRAFT BOAT news, major shareholder Fund L.P. Forager bought 32,378 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were bought at an average price of $16.66 per share, for a total transaction of $539,417.48. Following the acquisition, the insider directly owned 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have bought 77,420 shares of company stock valued at $1,261,191. Corporate insiders own 4.00% of the company's stock.

Institutional Investors Weigh In On MASTERCRAFT BOAT

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in MASTERCRAFT BOAT by 7.5% in the 4th quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company's stock worth $149,000 after purchasing an additional 544 shares in the last quarter. SummerHaven Investment Management LLC grew its position in shares of MASTERCRAFT BOAT by 1.9% during the 1st quarter. SummerHaven Investment Management LLC now owns 43,323 shares of the company's stock valued at $746,000 after acquiring an additional 790 shares during the period. Northern Trust Corp grew its position in shares of MASTERCRAFT BOAT by 0.6% during the 4th quarter. Northern Trust Corp now owns 133,422 shares of the company's stock valued at $2,544,000 after acquiring an additional 791 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of MASTERCRAFT BOAT by 3.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 24,812 shares of the company's stock valued at $474,000 after acquiring an additional 808 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in shares of MASTERCRAFT BOAT by 8.2% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 13,200 shares of the company's stock valued at $227,000 after acquiring an additional 1,000 shares during the period. 97.64% of the stock is owned by institutional investors.

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.