Mastercraft Boat (NASDAQ:MCFT) Share Price Crosses Below 50-Day Moving Average - What's Next?

Key Points

• Mastercraft Boat's stock price fell below its 50-day moving average of $21.30, last trading at $20.69.
• Analysts have mixed ratings for the stock, with one upgrade to a "strong-buy" rating and an average price target of $22.20.
• The company reported earnings per share of $0.40 for the last quarter, significantly beating estimates and achieving a 46.4% year-over-year revenue increase.

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT - Get Free Report)'s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $21.30 and traded as low as $20.21. Mastercraft Boat shares last traded at $20.69, with a volume of 97,351 shares traded.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings reissued a "hold (c-)" rating on shares of Mastercraft Boat in a report on Wednesday. Wall Street Zen upgraded shares of Mastercraft Boat from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 30th. Raymond James Financial upped their target price on shares of Mastercraft Boat from $21.00 to $25.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. B. Riley raised their price target on shares of Mastercraft Boat from $17.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Finally, Robert W. Baird upped their price target on shares of Mastercraft Boat from $20.00 to $24.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $22.20.

Mastercraft Boat Price Performance

The company has a 50 day simple moving average of $21.30 and a 200-day simple moving average of $18.98. The stock has a market cap of $337.04 million, a P/E ratio of 47.02 and a beta of 0.97.

Mastercraft Boat (NASDAQ:MCFT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 7.01% and a net margin of 2.48%.Mastercraft Boat's revenue for the quarter was up 46.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.04) EPS. Mastercraft Boat has set its FY 2026 guidance at 1.150-1.40 EPS. Q1 2026 guidance at 0.160-0.160 EPS. As a group, research analysts expect that Mastercraft Boat Holdings, Inc. will post 0.62 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in shares of Mastercraft Boat by 45.3% in the fourth quarter. Bank of America Corp DE now owns 26,307 shares of the company's stock worth $502,000 after purchasing an additional 8,202 shares during the last quarter. GAMMA Investing LLC boosted its position in Mastercraft Boat by 6,422.7% during the 1st quarter. GAMMA Investing LLC now owns 8,610 shares of the company's stock valued at $148,000 after buying an additional 8,478 shares during the period. SummerHaven Investment Management LLC grew its holdings in Mastercraft Boat by 1.9% in the 1st quarter. SummerHaven Investment Management LLC now owns 43,323 shares of the company's stock worth $746,000 after acquiring an additional 790 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of 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 valued at $227,000 after acquiring an additional 1,000 shares during the period. Finally, Royce & Associates LP raised its stake in shares of Mastercraft Boat by 15.4% during the first quarter. Royce & Associates LP now owns 145,069 shares of the company's stock valued at $2,498,000 after acquiring an additional 19,320 shares during the last quarter. 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.

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