MasterCraft Boat (NASDAQ:MCFT - Free Report) had its price objective lowered by Truist Financial from $22.00 to $20.00 in a report issued on Tuesday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.
A number of other equities research analysts have also issued reports on MCFT. StockNews.com raised MasterCraft Boat from a "sell" rating to a "hold" rating in a research note on Thursday, December 19th. DA Davidson upped their price objective on MasterCraft Boat from $17.00 to $23.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Finally, B. Riley increased their price objective on MasterCraft Boat from $14.00 to $18.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $20.75.
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MasterCraft Boat Price Performance
MCFT traded down $0.59 during trading on Tuesday, reaching $18.04. 66,121 shares of the stock were exchanged, compared to its average volume of 66,830. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.49. The company has a market capitalization of $303.00 million, a price-to-earnings ratio of -78.43 and a beta of 1.67. MasterCraft Boat has a 1 year low of $16.12 and a 1 year high of $24.05. The business's 50 day moving average price is $19.90 and its two-hundred day moving average price is $19.05.
MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.03 by $0.09. The business had revenue of $65.40 million for the quarter, compared to analyst estimates of $61.19 million. MasterCraft Boat had a negative net margin of 1.08% and a positive return on equity of 6.55%. The business's revenue for the quarter was down 37.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS. As a group, equities research analysts anticipate that MasterCraft Boat will post 0.61 earnings per share for the current year.
Insider Buying and Selling at MasterCraft Boat
In other news, major shareholder Coliseum Capital Management, L purchased 53,853 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The stock was acquired at an average cost of $18.87 per share, for a total transaction of $1,016,206.11. Following the completion of the purchase, the insider now owns 3,426,523 shares of the company's stock, valued at approximately $64,658,489.01. This trade represents a 1.60 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.00% of the stock is owned by insiders.
Institutional Trading of MasterCraft Boat
Institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE increased its stake in shares of MasterCraft Boat by 64.0% in the third quarter. US Bancorp DE now owns 5,123 shares of the company's stock valued at $93,000 after purchasing an additional 2,000 shares during the period. SG Americas Securities LLC acquired a new position in shares of MasterCraft Boat in the 3rd quarter worth approximately $126,000. Quest Partners LLC purchased a new stake in shares of MasterCraft Boat during the third quarter valued at $150,000. Squarepoint Ops LLC acquired a new position in shares of MasterCraft Boat in the 2nd quarter valued at $190,000. Finally, Metis Global Partners LLC acquired a new stake in MasterCraft Boat during the 3rd quarter worth about $190,000. 97.64% of the stock is owned by institutional investors and hedge funds.
MasterCraft Boat Company Profile
(
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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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