Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives $23.60 Consensus Price Target from Brokerages

Shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $23.60.

MCFT has been the topic of a number of analyst reports. Seaport Research Partners raised shares of Mastercraft Boat to a “hold” rating in a report on Monday, December 22nd. Robert W. Baird set a $28.00 target price on shares of Mastercraft Boat in a report on Friday, February 6th. Loop Capital initiated coverage on shares of Mastercraft Boat in a report on Monday, December 22nd. They set a “hold” rating and a $21.00 target price on the stock. Wall Street Zen raised shares of Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Finally, Zacks Research lowered shares of Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th.

Insiders Place Their Bets

In related news, major shareholder Fund L.P. Forager sold 26,497 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $23.50, for a total transaction of $622,679.50. Following the sale, the insider owned 1,611,277 shares of the company’s stock, valued at approximately $37,865,009.50. This represents a 1.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 87,841 shares of company stock worth $2,069,264. Corporate insiders own 2.50% of the company’s stock.

Institutional Trading of Mastercraft Boat

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Coliseum Capital Management LLC increased its holdings in Mastercraft Boat by 3.8% during the 4th quarter. Coliseum Capital Management LLC now owns 3,697,422 shares of the company’s stock worth $69,918,000 after acquiring an additional 134,807 shares during the period. Royce & Associates LP grew its stake in Mastercraft Boat by 19.0% in the 4th quarter. Royce & Associates LP now owns 305,466 shares of the company’s stock worth $5,776,000 after buying an additional 48,764 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Mastercraft Boat by 26.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 272,749 shares of the company’s stock worth $5,158,000 after buying an additional 56,873 shares in the last quarter. Franklin Resources Inc. grew its stake in Mastercraft Boat by 27.5% in the 4th quarter. Franklin Resources Inc. now owns 237,803 shares of the company’s stock worth $4,497,000 after buying an additional 51,327 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Mastercraft Boat by 212.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 220,819 shares of the company’s stock worth $4,739,000 after buying an additional 150,125 shares in the last quarter. Institutional investors own 97.64% of the company’s stock.

Mastercraft Boat Stock Up 0.2%

NASDAQ MCFT opened at $22.01 on Tuesday. The company’s 50 day moving average is $21.63 and its 200-day moving average is $20.73. Mastercraft Boat has a 12-month low of $15.37 and a 12-month high of $26.49. The firm has a market cap of $358.43 million, a P/E ratio of 22.93 and a beta of 1.06.

Mastercraft Boat (NASDAQ:MCFT) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.13. Mastercraft Boat had a net margin of 5.27% and a return on equity of 9.51%. The company had revenue of $71.76 million for the quarter, compared to analyst estimates of $68.79 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. Mastercraft Boat has set its Q3 2026 guidance at 0.350-0.350 EPS and its FY 2026 guidance at 1.450-1.600 EPS. Equities analysts expect that Mastercraft Boat will post 0.62 EPS for the current year.

Mastercraft Boat Company Profile

MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) is a designer, manufacturer and marketer of high-performance recreational powerboats. The company’s portfolio includes the MasterCraft®, Aviara®, Crest® Classic and Supra® brands, each of which features multiple model lines tailored for activities such as wakeboarding, waterskiing, cruising and luxury day boating. MasterCraft oversees the full product lifecycle from hull design and propulsion engineering to interior appointments and final assembly.

Founded in 1968 and headquartered in Vonore, Tennessee, MasterCraft has built a reputation for innovation in hull design, ballast systems and tower architecture to enhance wake performance and ride quality.