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

Key Points

• Mastercraft Boat Holdings, Inc. has received a consensus recommendation of "Hold" from six analysts, with five hold ratings and one buy rating.
• The company reported a significant earnings per share of $0.40 for the last quarter, exceeding the consensus estimate of $0.18, alongside a 46.4% year-over-year revenue increase.
• Brokerages have recently adjusted their price targets for Mastercraft Boat, with estimates ranging from $22.00 to $25.00, reflecting a positive outlook on the company's stock performance.

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT - Get Free Report) has earned an average recommendation of "Hold" from the six analysts that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $22.20.

A number of brokerages have commented on MCFT. Robert W. Baird upped their price target on shares of Mastercraft Boat from $20.00 to $24.00 and gave the company a "neutral" rating in a research report on Thursday, August 28th. Wall Street Zen raised shares of Mastercraft Boat from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 30th. B. Riley upped their price target on shares of Mastercraft Boat from $17.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, August 28th. Finally, Raymond James Financial upped their price target on shares of Mastercraft Boat from $21.00 to $25.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th.

Mastercraft Boat Stock Performance

Shares of NASDAQ:MCFT opened at $21.61 on Friday. The company has a fifty day moving average of $21.10 and a 200-day moving average of $18.74. The company has a market capitalization of $352.03 million, a PE ratio of 49.11 and a beta of 1.03. Mastercraft Boat has a 52-week low of $14.39 and a 52-week high of $23.93.

Mastercraft Boat (NASDAQ:MCFT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.22. The company had revenue of $79.52 million for the quarter, compared to analysts' expectations of $70.45 million. Mastercraft Boat had a net margin of 2.48% and a return on equity of 7.01%. Mastercraft Boat's revenue for the quarter was up 46.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. Mastercraft Boat has set its FY 2026 guidance at 1.150-1.40 EPS. Q1 2026 guidance at 0.160-0.160 EPS. On average, equities analysts forecast that Mastercraft Boat will post 0.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Mastercraft Boat

Institutional investors and hedge funds have recently made changes to their positions in the stock. SummerHaven Investment Management LLC increased its stake 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 worth $746,000 after purchasing an additional 790 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake 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 worth $227,000 after purchasing an additional 1,000 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Mastercraft Boat by 1.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 70,694 shares of the company's stock worth $1,313,000 after purchasing an additional 1,188 shares during the last quarter. First Trust Advisors LP boosted its holdings in Mastercraft Boat by 3.1% in the 2nd quarter. First Trust Advisors LP now owns 41,276 shares of the company's stock worth $767,000 after buying an additional 1,259 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in Mastercraft Boat by 18.0% in the 2nd quarter. Quantinno Capital Management LP now owns 16,327 shares of the company's stock worth $303,000 after buying an additional 2,496 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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