MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Given Average Recommendation of "Hold" by Brokerages

Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Get Free Report) have been given a consensus recommendation of "Hold" by the seven analysts that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $24.67.

MCFT has been the topic of several research analyst reports. B. Riley lowered their price objective on shares of MasterCraft Boat from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday. Truist Financial increased their target price on shares of MasterCraft Boat from $20.00 to $22.00 and gave the company a "hold" rating in a research note on Tuesday, January 9th.

MasterCraft Boat Stock Performance

MCFT stock traded down $0.44 during midday trading on Tuesday, hitting $21.06. 176,133 shares of the company traded hands, compared to its average volume of 120,988. The business has a 50 day simple moving average of $22.05 and a 200-day simple moving average of $21.60. The company has a quick ratio of 1.58, a current ratio of 2.11 and a debt-to-equity ratio of 0.24. MasterCraft Boat has a twelve month low of $19.22 and a twelve month high of $31.70. The stock has a market capitalization of $358.65 million, a price-to-earnings ratio of 6.44 and a beta of 1.64.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.17. MasterCraft Boat had a return on equity of 32.01% and a net margin of 10.66%. The business had revenue of $99.48 million during the quarter, compared to analysts' expectations of $95.53 million. During the same quarter in the previous year, the firm earned $1.16 EPS. The firm's revenue was down 37.5% compared to the same quarter last year. As a group, equities research analysts predict that MasterCraft Boat will post 1.51 earnings per share for the current year.

Insider Activity

In other MasterCraft Boat news, major shareholder Coliseum Capital Management, L purchased 118,620 shares of the company's stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average cost of $21.84 per share, with a total value of $2,590,660.80. Following the acquisition, the insider now directly owns 2,151,676 shares of the company's stock, valued at approximately $46,992,603.84. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders bought 214,095 shares of company stock worth $4,646,393. Insiders own 2.50% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MCFT. Vanguard Group Inc. increased its stake in shares of MasterCraft Boat by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 1,333,985 shares of the company's stock valued at $30,201,000 after buying an additional 31,560 shares during the period. Wellington Management Group LLP raised its holdings in MasterCraft Boat by 11.2% during the 4th quarter. Wellington Management Group LLP now owns 590,100 shares of the company's stock worth $13,360,000 after purchasing an additional 59,200 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in MasterCraft Boat by 15.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,141 shares of the company's stock valued at $343,000 after purchasing an additional 2,057 shares during the period. GSA Capital Partners LLP bought a new position in shares of MasterCraft Boat in the 4th quarter valued at about $306,000. Finally, Barclays PLC grew its position in shares of MasterCraft Boat by 151.9% during the 4th quarter. Barclays PLC now owns 39,362 shares of the company's stock worth $892,000 after buying an additional 23,738 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.