Mastercraft Boat (NASDAQ:MCFT) Upgraded at Wall Street Zen

Key Points

• MASTERCRAFT BOAT has been upgraded to a "strong-buy" rating by Wall Street Zen, indicating strong confidence among analysts.
• Several analysts have also increased their price targets for the stock, with Raymond James raising it from $21.00 to $25.00, signifying positive performance expectations.
• The company reported a 46.4% year-over-year revenue growth and beat earnings expectations in its latest quarterly results, further strengthening its market position.

Mastercraft Boat (NASDAQ:MCFT - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "strong-buy" rating in a report released on Saturday.

MCFT has been the subject of several other reports. Raymond James Financial raised their target price on Mastercraft Boat from $21.00 to $25.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. B. Riley lifted their price objective on Mastercraft Boat from $17.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Robert W. Baird lifted their price objective on Mastercraft Boat from $20.00 to $24.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Finally, Truist Financial lifted 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. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $22.20.

Mastercraft Boat Trading Down 0.4%

MCFT stock traded down $0.10 during midday trading on Friday, hitting $22.09. The stock had a trading volume of 47,748 shares, compared to its average volume of 101,167. The firm has a market capitalization of $360.22 million, a price-to-earnings ratio of 50.21 and a beta of 1.03. Mastercraft Boat has a 52 week low of $14.39 and a 52 week high of $23.50. The stock has a 50-day simple moving average of $20.12 and a 200 day simple moving average of $18.22.

Mastercraft Boat (NASDAQ:MCFT - Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.18 by $0.22. The firm had revenue of $79.52 million during the quarter, compared to analysts' expectations of $70.45 million. Mastercraft Boat had a return on equity of 7.01% and a net margin of 2.48%.Mastercraft Boat's quarterly revenue was up 46.4% compared to the same quarter last year. During the same period last year, the business earned ($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 year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in shares of Mastercraft Boat by 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company's stock valued at $149,000 after buying an additional 544 shares during the last quarter. SummerHaven Investment Management LLC increased its position in Mastercraft Boat by 1.9% in the first 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 period. Northern Trust Corp increased its position in Mastercraft Boat by 0.6% in the fourth quarter. Northern Trust Corp now owns 133,422 shares of the company's stock worth $2,544,000 after purchasing an additional 791 shares during the period. Price T Rowe Associates Inc. MD increased its position in Mastercraft Boat by 3.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 24,812 shares of the company's stock worth $474,000 after purchasing an additional 808 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in Mastercraft Boat by 8.2% in the first 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 period. 97.64% of the stock is owned by institutional investors.

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.