StockNews.com upgraded shares of MasterCraft Boat (NASDAQ:MCFT - Free Report) from a sell rating to a hold rating in a research report report published on Saturday morning.
Several other research analysts also recently weighed in on the company. B. Riley upgraded MasterCraft Boat to a "hold" rating in a research note on Wednesday, February 12th. Truist Financial raised 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. Raymond James decreased their price target on MasterCraft Boat from $24.00 to $21.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. DA Davidson decreased their price target on MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Finally, Baird R W lowered MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, MasterCraft Boat currently has a consensus rating of "Hold" and a consensus target price of $20.00.
View Our Latest Stock Report on MasterCraft Boat
MasterCraft Boat Stock Performance
Shares of NASDAQ MCFT traded up $0.42 during mid-day trading on Friday, reaching $17.74. The company had a trading volume of 24,822 shares, compared to its average volume of 134,558. MasterCraft Boat has a one year low of $14.39 and a one year high of $23.00. The firm has a market cap of $294.49 million, a price-to-earnings ratio of -44.37 and a beta of 1.12. The business's 50-day simple moving average is $16.69 and its 200 day simple moving average is $18.31.
MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.12. MasterCraft Boat had a negative net margin of 2.29% and a positive return on equity of 3.74%. The firm had revenue of $75.96 million for the quarter, compared to the consensus estimate of $75.15 million. During the same quarter in the previous year, the company earned $0.37 EPS. The company's revenue for the quarter was down 9.5% on a year-over-year basis. On average, sell-side analysts anticipate that MasterCraft Boat will post 0.62 EPS for the current year.
Insider Buying and Selling at MasterCraft Boat
In related news, major shareholder Fund L.P. Forager bought 32,378 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was purchased at an average price of $16.66 per share, for a total transaction of $539,417.48. Following the acquisition, the insider now owns 1,802,975 shares in the company, valued at $30,037,563.50. This trade represents a 1.83% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders bought 77,420 shares of company stock worth $1,261,191 in the last quarter. 4.00% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On MasterCraft Boat
A number of institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC increased its position in MasterCraft Boat by 10.7% during the 4th quarter. SG Americas Securities LLC now owns 7,673 shares of the company's stock valued at $146,000 after buying an additional 742 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in MasterCraft Boat by 106.8% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,200 shares of the company's stock worth $233,000 after acquiring an additional 6,300 shares in the last quarter. Rhumbline Advisers increased its holdings in MasterCraft Boat by 2.0% in the 4th quarter. Rhumbline Advisers now owns 27,432 shares of the company's stock worth $523,000 after acquiring an additional 528 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of MasterCraft Boat by 9.4% during the fourth quarter. Principal Financial Group Inc. now owns 11,502 shares of the company's stock worth $219,000 after buying an additional 993 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of MasterCraft Boat by 2.0% during the 4th quarter. Victory Capital Management Inc. now owns 73,112 shares of the company's stock valued at $1,394,000 after acquiring an additional 1,430 shares during the last quarter. 97.64% of the stock is owned by institutional investors.
About MasterCraft Boat
(
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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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