Brokerages Set Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) PT at $24.80

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $24.80.

Several analysts have commented on MCFT shares. Truist Financial lifted their price objective on shares of Mastercraft Boat from $21.00 to $25.00 and gave the company a “hold” rating in a research note on Monday, April 27th. Weiss Ratings cut shares of Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Robert W. Baird set a $30.00 target price on shares of Mastercraft Boat in a research report on Friday, May 8th. Finally, Zacks Research raised shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd.

Institutional Trading of Mastercraft Boat

A number of hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new stake in Mastercraft Boat during the fourth quarter valued at $42,000. State of Wyoming acquired a new stake in shares of Mastercraft Boat during the 2nd quarter valued at about $61,000. Kemnay Advisory Services Inc. purchased a new position in shares of Mastercraft Boat in the 4th quarter valued at about $63,000. Meeder Asset Management Inc. purchased a new position in shares of Mastercraft Boat in the 4th quarter valued at about $203,000. Finally, Russell Investments Group Ltd. raised its holdings in Mastercraft Boat by 12.2% in the 4th quarter. Russell Investments Group Ltd. now owns 10,988 shares of the company’s stock worth $208,000 after purchasing an additional 1,193 shares during the period. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Mastercraft Boat Price Performance

Shares of MCFT stock opened at $23.79 on Friday. The stock’s fifty day moving average price is $23.74 and its 200 day moving average price is $22.18. Mastercraft Boat has a 1-year low of $17.19 and a 1-year high of $28.44. The company has a market cap of $387.30 million, a price-to-earnings ratio of 34.99 and a beta of 1.05.

Mastercraft Boat (NASDAQ:MCFT) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. The firm had revenue of $78.21 million for the quarter, compared to the consensus estimate of $75.55 million. Mastercraft Boat had a net margin of 3.72% and a return on equity of 10.56%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 earnings per share. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. As a group, equities research analysts anticipate that Mastercraft Boat will post 1.5 earnings per share for the current year.

About Mastercraft Boat

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.