Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives $22.67 Consensus Target Price from Brokerages

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) has received an average recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $22.6667.

MCFT has been the topic of a number of recent analyst reports. Loop Capital began coverage on Mastercraft Boat in a research note on Monday, December 22nd. They issued a “hold” rating and a $21.00 price objective on the stock. Wall Street Zen upgraded shares of Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Zacks Research raised shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Truist Financial set a $21.00 price target on shares of Mastercraft Boat in a research report on Friday, October 24th. Finally, Seaport Research Partners upgraded Mastercraft Boat to a “hold” rating in a report on Monday, December 22nd.

Insider Activity at Mastercraft Boat

In related news, major shareholder Coliseum Capital Management, L acquired 25,000 shares of Mastercraft Boat stock in a transaction dated Monday, December 22nd. The stock was bought at an average price of $19.66 per share, with a total value of $491,500.00. Following the transaction, the insider directly owned 3,697,422 shares in the company, valued at $72,691,316.52. This represents a 0.68% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Fund L.P. Forager sold 58,066 shares of Mastercraft Boat stock in a transaction on Friday, November 7th. The shares were sold at an average price of $20.37, for a total transaction of $1,182,804.42. Following the completion of the sale, the insider owned 1,699,928 shares of the company’s stock, valued at $34,627,533.36. This represents a 3.30% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have purchased 134,807 shares of company stock valued at $2,649,367 and have sold 103,857 shares valued at $2,121,382. Company insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Mastercraft Boat

Institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC acquired a new stake in shares of Mastercraft Boat in the 2nd quarter valued at about $2,065,000. Forager Capital Management LLC raised its stake in Mastercraft Boat by 6.2% during the 2nd quarter. Forager Capital Management LLC now owns 1,802,975 shares of the company’s stock worth $33,499,000 after buying an additional 105,280 shares during the period. Gratia Capital LLC bought a new position in Mastercraft Boat in the second quarter worth approximately $4,273,000. American Century Companies Inc. grew its stake in Mastercraft Boat by 7.3% in the second quarter. American Century Companies Inc. now owns 538,225 shares of the company’s stock valued at $10,000,000 after acquiring an additional 36,569 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in Mastercraft Boat by 59.8% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 21,100 shares of the company’s stock valued at $392,000 after acquiring an additional 7,900 shares during the period. Institutional investors and hedge funds own 97.64% of the company’s stock.

Mastercraft Boat Stock Up 2.4%

Shares of MCFT opened at $21.53 on Thursday. The company has a 50 day moving average of $19.93 and a 200-day moving average of $20.47. Mastercraft Boat has a twelve month low of $14.39 and a twelve month high of $23.93. The stock has a market capitalization of $350.72 million, a P/E ratio of 22.20 and a beta of 1.06.

Mastercraft Boat (NASDAQ:MCFT) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.12. Mastercraft Boat had a net margin of 5.50% and a return on equity of 8.09%. The firm had revenue of $69.00 million during the quarter, compared to analysts’ expectations of $66.96 million. During the same period in the prior year, the company posted $0.12 EPS. The company’s revenue was up 5.5% on a year-over-year basis. Mastercraft Boat has set its FY 2026 guidance at 1.180-1.430 EPS and its Q2 2026 guidance at 0.160-0.160 EPS. On average, sell-side analysts anticipate that Mastercraft Boat will post 0.62 earnings per share for the current fiscal 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.