Brokerages Set Mastercraft Boat Holdings Inc (NASDAQ:MCFT) Target Price at $17.25

Shares of Mastercraft Boat Holdings Inc (NASDAQ:MCFT) have been given a consensus rating of “Hold” by the eight ratings firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $17.25.

Several research firms have recently commented on MCFT. SunTrust Banks boosted their target price on shares of Mastercraft Boat from $6.00 to $12.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. BidaskClub cut shares of Mastercraft Boat from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Robert W. Baird boosted their price target on shares of Mastercraft Boat from $7.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Zacks Investment Research cut shares of Mastercraft Boat from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, ValuEngine upgraded shares of Mastercraft Boat from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th.

A number of hedge funds have recently bought and sold shares of MCFT. Janus Henderson Group PLC increased its position in Mastercraft Boat by 658.0% during the fourth quarter. Janus Henderson Group PLC now owns 833,948 shares of the company’s stock valued at $13,135,000 after acquiring an additional 723,928 shares during the last quarter. Wasatch Advisors Inc. increased its position in Mastercraft Boat by 66.6% during the first quarter. Wasatch Advisors Inc. now owns 685,755 shares of the company’s stock valued at $5,006,000 after acquiring an additional 274,014 shares during the last quarter. Magnolia Group LLC bought a new position in Mastercraft Boat during the first quarter valued at $1,113,000. Voss Capital LLC increased its position in Mastercraft Boat by 125.7% during the first quarter. Voss Capital LLC now owns 157,960 shares of the company’s stock valued at $757,000 after acquiring an additional 87,960 shares during the last quarter. Finally, Skylands Capital LLC increased its position in Mastercraft Boat by 128.3% during the first quarter. Skylands Capital LLC now owns 155,250 shares of the company’s stock valued at $1,133,000 after acquiring an additional 87,250 shares during the last quarter. Institutional investors and hedge funds own 88.87% of the company’s stock.

MCFT stock opened at $20.70 on Monday. Mastercraft Boat has a one year low of $4.90 and a one year high of $23.53. The company’s fifty day moving average price is $19.31 and its 200-day moving average price is $14.58. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.94 and a current ratio of 1.50. The company has a market capitalization of $412.55 million, a PE ratio of 9.85 and a beta of 2.40.

Mastercraft Boat (NASDAQ:MCFT) last released its earnings results on Wednesday, May 6th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.05). Mastercraft Boat had a positive return on equity of 57.30% and a negative net margin of 7.19%. The company had revenue of $102.56 million during the quarter, compared to analysts’ expectations of $105.36 million. On average, research analysts predict that Mastercraft Boat will post 1.11 EPS for the current fiscal year.

Mastercraft Boat Company Profile

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. The company operates in two segments, MasterCraft and NauticStar. It offers sport boats and outboard boats, which are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating.

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