MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Given Consensus Recommendation of “Hold” by Brokerages

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) has been given a consensus recommendation of “Hold” by the five brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $19.20.

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

MasterCraft Boat Trading Up 2.2 %

MCFT stock opened at $18.35 on Friday. The company has a market capitalization of $311.60 million, a price-to-earnings ratio of 8.27 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 $16.23 and a 1-year high of $24.05. The business has a 50 day simple moving average of $19.32 and a two-hundred day simple moving average of $20.25.

MasterCraft Boat (NASDAQ:MCFT) last posted its earnings results 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 company had revenue of $67.20 million during the quarter, compared to analysts’ expectations of $63.10 million. MasterCraft Boat had a net margin of 2.13% and a return on equity of 9.44%. MasterCraft Boat’s quarterly revenue was down 59.7% on a year-over-year basis. During the same period last year, the company posted $1.33 earnings per share. Research analysts anticipate that MasterCraft Boat will post 0.49 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Coliseum Capital Management, L bought 38,462 shares of MasterCraft Boat stock in a transaction dated Monday, June 24th. The shares were acquired at an average price of $19.58 per share, with a total value of $753,085.96. Following the completion of the purchase, the insider now owns 3,372,670 shares in the company, valued at approximately $66,036,878.60. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MasterCraft Boat

A number of institutional investors and hedge funds have recently modified their holdings of the business. Isthmus Partners LLC increased its stake in MasterCraft Boat by 0.4% in the second quarter. Isthmus Partners LLC now owns 146,706 shares of the company’s stock worth $28,000 after purchasing an additional 532 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in MasterCraft Boat in the 1st quarter worth about $43,000. Squarepoint Ops LLC bought a new stake in MasterCraft Boat during the 2nd quarter valued at about $190,000. CastleKnight Management LP purchased a new stake in MasterCraft Boat in the 4th quarter valued at about $263,000. Finally, Janus Henderson Group PLC grew its stake in MasterCraft Boat by 40.5% in the 1st quarter. Janus Henderson Group PLC now owns 13,047 shares of the company’s stock worth $310,000 after acquiring an additional 3,762 shares in the last quarter. 97.64% of the stock is owned by institutional investors.

About MasterCraft Boat

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.