MasterCraft Boat (NASDAQ:MCFT - Get Free Report) had its target price lowered by B. Riley from $24.00 to $22.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. B. Riley's target price would indicate a potential upside of 4.46% from the stock's previous close.
Separately, Truist Financial upped their target price on MasterCraft Boat from $20.00 to $22.00 and gave the stock a "hold" rating in a research note on Tuesday, January 9th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, MasterCraft Boat presently has an average rating of "Hold" and a consensus price target of $24.67.
Check Out Our Latest Research Report on MCFT
MasterCraft Boat Stock Performance
Shares of NASDAQ:MCFT traded down $0.44 during midday trading on Tuesday, reaching $21.06. 176,133 shares of the company traded hands, compared to its average volume of 120,988. 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 12 month low of $19.22 and a 12 month high of $31.70. The firm has a market capitalization of $358.65 million, a price-to-earnings ratio of 6.44 and a beta of 1.64. The firm's fifty day moving average price is $22.05 and its two-hundred day moving average price is $21.60.
MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last announced its earnings results on Wednesday, February 7th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.17. The business had revenue of $99.48 million for the quarter, compared to analyst estimates of $95.53 million. MasterCraft Boat had a return on equity of 32.01% and a net margin of 10.66%. The company's quarterly revenue was down 37.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.16 EPS. On average, equities analysts expect that MasterCraft Boat will post 1.51 earnings per share for the current year.
Insider Transactions at MasterCraft Boat
In other news, major shareholder Coliseum Capital Management, L acquired 118,620 shares of the business's stock in a transaction dated Monday, March 18th. The stock was purchased at an average cost of $21.84 per share, for a total transaction of $2,590,660.80. Following the acquisition, the insider now owns 2,151,676 shares of the company's stock, valued at $46,992,603.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders bought 214,095 shares of company stock worth $4,646,393. 2.50% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On MasterCraft Boat
Several institutional investors have recently bought and sold shares of MCFT. Tower Research Capital LLC TRC boosted its holdings in MasterCraft Boat by 143.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 829 shares of the company's stock valued at $25,000 after acquiring an additional 489 shares during the period. Carmel Capital Partners LLC purchased a new stake in MasterCraft Boat during the 3rd quarter valued at about $28,000. Group One Trading L.P. boosted its holdings in MasterCraft Boat by 55.9% during the 1st quarter. Group One Trading L.P. now owns 1,394 shares of the company's stock valued at $34,000 after acquiring an additional 500 shares during the period. Meeder Asset Management Inc. boosted its holdings in MasterCraft Boat by 44.7% during the 4th quarter. Meeder Asset Management Inc. now owns 1,435 shares of the company's stock valued at $37,000 after acquiring an additional 443 shares during the period. Finally, Quarry LP purchased a new stake in MasterCraft Boat during the 1st quarter valued at about $41,000. 97.64% of the stock is currently owned by hedge funds and other 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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