Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives Average Rating of “Hold” from Analysts

Shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) have been assigned an average rating of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $25.40.

A number of brokerages have recently commented on MCFT. Weiss Ratings lowered 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 price objective on shares of Mastercraft Boat in a report on Friday, May 8th. Truist Financial increased their target price on shares of Mastercraft Boat from $25.00 to $28.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Finally, Zacks Research cut shares of Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Coliseum Capital Management LLC increased its stake in shares of Mastercraft Boat by 3.8% during the fourth quarter. Coliseum Capital Management LLC now owns 3,697,422 shares of the company’s stock valued at $69,918,000 after acquiring an additional 134,807 shares during the period. Dimensional Fund Advisors LP raised its holdings in Mastercraft Boat by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 859,835 shares of the company’s stock worth $17,636,000 after purchasing an additional 28,063 shares in the last quarter. Royce & Associates LP lifted its position in Mastercraft Boat by 19.0% in the fourth quarter. Royce & Associates LP now owns 305,466 shares of the company’s stock worth $5,776,000 after purchasing an additional 48,764 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Mastercraft Boat by 26.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 272,749 shares of the company’s stock worth $5,158,000 after purchasing an additional 56,873 shares during the period. Finally, Franklin Resources Inc. lifted its position in Mastercraft Boat by 27.5% in the fourth quarter. Franklin Resources Inc. now owns 237,803 shares of the company’s stock worth $4,497,000 after purchasing an additional 51,327 shares during the period. 97.64% of the stock is currently owned by institutional investors.

Mastercraft Boat Price Performance

Shares of MCFT stock opened at $24.66 on Thursday. Mastercraft Boat has a 12-month low of $17.19 and a 12-month high of $28.44. The firm has a market capitalization of $401.46 million, a price-to-earnings ratio of 36.27 and a beta of 1.05. The business has a 50 day simple moving average of $23.74 and a 200 day simple moving average of $22.68.

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