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

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) has earned an average rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $24.80.

A number of research firms recently weighed in on MCFT. Truist Financial increased their price target on Mastercraft Boat from $21.00 to $25.00 and gave the company a “hold” rating in a research report on Monday, April 27th. Zacks Research upgraded Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. B. Riley Financial reiterated a “neutral” rating on shares of Mastercraft Boat in a research report on Friday, February 6th. Weiss Ratings lowered Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Finally, Robert W. Baird set a $30.00 price target on Mastercraft Boat in a research report on Friday, May 8th.

Hedge Funds Weigh In On Mastercraft Boat

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

Mastercraft Boat Stock Down 0.0%

NASDAQ:MCFT opened at $23.21 on Wednesday. The business’s 50-day moving average price is $22.76 and its 200 day moving average price is $21.35. The firm has a market cap of $377.86 million, a P/E ratio of 34.13 and a beta of 1.07. Mastercraft Boat has a 52-week low of $16.50 and a 52-week high of $28.44.

Mastercraft Boat (NASDAQ:MCFT) last released its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $78.21 million for the quarter, compared to analyst estimates of $75.55 million. Mastercraft Boat had a return on equity of 10.56% and a net margin of 3.72%.Mastercraft Boat’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. Sell-side analysts expect that Mastercraft Boat will post 1.54 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.