Robert W. Baird Forecasts Strong Price Appreciation for Mastercraft Boat (NASDAQ:MCFT) Stock

Key Points

• Robert W. Baird has raised its price target for **Mastercraft Boat (NASDAQ:MCFT)** from **$20.00 to $24.00**, suggesting a potential upside of **9.71%** from the current price.
• Other firms, including **Raymond James** and **B. Riley**, have provided bullish assessments, with Raymond James setting a target of **$25.00** and maintaining an "outperform" rating.
• Mastercraft Boat recently reported earnings of **$0.40** per share, significantly exceeding analysts' expectations and showing a **46.4%** increase in revenue year-over-year.

Mastercraft Boat (NASDAQ:MCFT - Get Free Report) had its price objective raised by research analysts at Robert W. Baird from $20.00 to $24.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Robert W. Baird's price target points to a potential upside of 9.71% from the company's current price.

A number of other research firms have also issued reports on MCFT. Raymond James Financial reissued an "outperform" rating and set a $25.00 price target (up from $21.00) on shares of Mastercraft Boat in a research report on Thursday. B. Riley reissued a "neutral" rating on shares of Mastercraft Boat in a research report on Thursday. Wall Street Zen raised shares of Mastercraft Boat from a "sell" rating to a "hold" rating in a report on Saturday, May 10th. Finally, Truist Financial lifted their target price on shares of Mastercraft Boat from $16.00 to $17.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $21.33.

Mastercraft Boat Price Performance

MCFT traded down $1.03 during trading on Thursday, reaching $21.88. 99,506 shares of the company's stock were exchanged, compared to its average volume of 98,885. Mastercraft Boat has a 1 year low of $14.39 and a 1 year high of $23.50. The stock has a market capitalization of $363.23 million, a P/E ratio of -56.08 and a beta of 1.00. The company's fifty day simple moving average is $19.81 and its 200-day simple moving average is $18.15.

Mastercraft Boat (NASDAQ:MCFT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.22. Mastercraft Boat had a negative net margin of 2.46% and a positive return on equity of 3.34%. The company had revenue of $79.52 million during the quarter, compared to analyst estimates of $70.45 million. During the same period last year, the firm posted ($0.04) EPS. Mastercraft Boat's revenue for the quarter was up 46.4% compared to the same quarter last year. Mastercraft Boat has set its FY 2026 guidance at 1.150-1.40 EPS. Q1 2026 guidance at 0.160-0.160 EPS. Equities analysts forecast that Mastercraft Boat will post 0.62 EPS for the current year.

Institutional Investors Weigh In On Mastercraft Boat

A number of institutional investors have recently added to or reduced their stakes in MCFT. JPMorgan Chase & Co. grew its stake in Mastercraft Boat by 7.5% in the 4th quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company's stock valued at $149,000 after acquiring an additional 544 shares during the period. Wells Fargo & Company MN grew its stake in Mastercraft Boat by 31.6% in the 4th quarter. Wells Fargo & Company MN now owns 14,160 shares of the company's stock valued at $270,000 after acquiring an additional 3,399 shares during the period. Barclays PLC grew its stake in Mastercraft Boat by 7.9% in the 4th quarter. Barclays PLC now owns 35,936 shares of the company's stock valued at $684,000 after acquiring an additional 2,621 shares during the period. Dimensional Fund Advisors LP grew its stake in Mastercraft Boat by 7.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 842,945 shares of the company's stock valued at $16,075,000 after acquiring an additional 57,729 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in Mastercraft Boat by 260.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,210 shares of the company's stock valued at $118,000 after acquiring an additional 4,487 shares during the period. Institutional investors and hedge funds own 97.64% of the company's stock.

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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