Robert W. Baird Reiterates Neutral Rating for MasterCraft Boat (NASDAQ:MCFT)

Robert W. Baird reaffirmed their neutral rating on shares of MasterCraft Boat (NASDAQ:MCFT - Free Report) in a research note released on Friday morning, MarketBeat.com reports. They currently have a $20.00 target price on the stock, down from their previous target price of $26.00.

Several other equities analysts have also issued reports on MCFT. B. Riley raised MasterCraft Boat to a "hold" rating in a report on Wednesday, February 12th. StockNews.com upgraded MasterCraft Boat from a "sell" rating to a "hold" rating in a research note on Saturday, March 15th. Truist Financial lowered their target price on MasterCraft Boat from $22.00 to $20.00 and set a "hold" rating on the stock in a research note on Tuesday, January 7th. Finally, DA Davidson reduced their price target on shares of MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, MasterCraft Boat presently has an average rating of "Hold" and an average price target of $20.40.

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MasterCraft Boat Price Performance

NASDAQ MCFT traded up $1.36 during mid-day trading on Friday, reaching $16.07. 140,001 shares of the stock were exchanged, compared to its average volume of 139,981. The stock has a market cap of $269.15 million, a P/E ratio of -40.33 and a beta of 1.34. MasterCraft Boat has a one year low of $14.40 and a one year high of $23.00. The stock has a 50 day simple moving average of $17.76 and a 200-day simple moving average of $18.51.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. MasterCraft Boat had a positive return on equity of 3.74% and a negative net margin of 2.29%. Sell-side analysts anticipate that MasterCraft Boat will post 0.62 EPS for the current fiscal year.

Institutional Trading of MasterCraft Boat

Hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its holdings in MasterCraft Boat by 25.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,854 shares of the company's stock worth $234,000 after buying an additional 2,620 shares during the period. Forager Capital Management LLC boosted its holdings in shares of MasterCraft Boat by 29.9% in the third quarter. Forager Capital Management LLC now owns 1,697,695 shares of the company's stock worth $30,915,000 after acquiring an additional 390,405 shares during the period. Principal Financial Group Inc. purchased a new position in shares of MasterCraft Boat in the third quarter valued at $191,000. SG Americas Securities LLC raised its stake in shares of MasterCraft Boat by 10.7% during the 4th quarter. SG Americas Securities LLC now owns 7,673 shares of the company's stock valued at $146,000 after purchasing an additional 742 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in MasterCraft Boat by 106.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,200 shares of the company's stock worth $233,000 after purchasing an additional 6,300 shares in the last quarter. Institutional investors 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.