Analysts Set MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Target Price at $19.20

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Get Free Report) has earned a consensus rating of "Hold" from the five analysts that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $19.20.

A number of equities research analysts recently commented on MCFT shares. B. Riley lowered their price objective on shares of MasterCraft Boat from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 10th. Stifel Nicolaus reiterated a "buy" rating and issued a $22.00 price target on shares of MasterCraft Boat in a research report on Friday, August 30th. Truist Financial restated a "hold" rating and set a $15.00 price objective on shares of MasterCraft Boat in a research report on Friday, August 30th. DA Davidson lowered their target price on MasterCraft Boat from $20.00 to $17.00 and set a "neutral" rating on the stock in a report on Tuesday, September 10th. Finally, StockNews.com cut MasterCraft Boat from a "hold" rating to a "sell" rating in a report on Monday, September 2nd.

Hedge Funds Weigh In On MasterCraft Boat

Several institutional investors have recently added to or reduced their stakes in MCFT. Dimensional Fund Advisors LP grew its stake in MasterCraft Boat by 13.1% during the second quarter. Dimensional Fund Advisors LP now owns 714,208 shares of the company's stock worth $13,484,000 after buying an additional 82,509 shares during the period. Isthmus Partners LLC increased its holdings in MasterCraft Boat by 71.5% in the 1st quarter. Isthmus Partners LLC now owns 146,174 shares of the company's stock valued at $3,467,000 after purchasing an additional 60,947 shares in the last quarter. Comerica Bank raised its position in MasterCraft Boat by 27,130.8% in the first quarter. Comerica Bank now owns 56,640 shares of the company's stock valued at $1,343,000 after purchasing an additional 56,432 shares during the period. American Century Companies Inc. raised its position in MasterCraft Boat by 14.8% in the second quarter. American Century Companies Inc. now owns 395,570 shares of the company's stock valued at $7,468,000 after purchasing an additional 51,016 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of MasterCraft Boat by 28.1% during the first quarter. Empowered Funds LLC now owns 183,617 shares of the company's stock worth $4,355,000 after purchasing an additional 40,302 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

MasterCraft Boat Price Performance

MasterCraft Boat stock traded up $0.28 during mid-day trading on Friday, reaching $17.64. The company had a trading volume of 130,594 shares, compared to its average volume of 157,721. The stock's 50-day simple moving average is $17.70 and its 200-day simple moving average is $19.23. The company has a market capitalization of $293.00 million, a P/E ratio of 40.09 and a beta of 1.61. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.99 and a quick ratio of 1.42. MasterCraft Boat has a 1 year low of $16.12 and a 1 year high of $24.05.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.18. The firm had revenue of $67.20 million during the quarter, compared to the consensus estimate of $63.10 million. MasterCraft Boat had a return on equity of 9.44% and a net margin of 2.13%. MasterCraft Boat's quarterly revenue was down 59.7% on a year-over-year basis. During the same period last year, the business posted $1.33 EPS. On average, equities analysts predict that MasterCraft Boat will post 0.49 EPS for the current year.

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.