MasterCraft Boat’s (MCFT) “Neutral” Rating Reiterated at Robert W. Baird

MasterCraft Boat (NASDAQ:MCFT)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Robert W. Baird in a report issued on Friday,Benzinga reports. They currently have a $20.00 price target on the stock, down from their previous price target of $26.00. Robert W. Baird’s target price would indicate a potential upside of 21.88% from the stock’s previous close.

MCFT has been the topic of a number of other reports. Truist Financial lowered their price objective on shares of MasterCraft Boat from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Tuesday, January 7th. B. Riley raised shares of MasterCraft Boat to a “hold” rating in a research note on Wednesday, February 12th. DA Davidson cut their price objective on MasterCraft Boat from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Finally, StockNews.com upgraded MasterCraft Boat from a “sell” rating to a “hold” rating in a report on Saturday, March 15th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.40.

MasterCraft Boat Trading Down 6.3 %

Shares of MasterCraft Boat stock opened at $16.41 on Friday. The company has a 50-day moving average of $18.03 and a two-hundred day moving average of $18.58. MasterCraft Boat has a 12-month low of $15.69 and a 12-month high of $23.67. The stock has a market cap of $274.92 million, a PE ratio of -41.02 and a beta of 1.71.

MasterCraft Boat (NASDAQ:MCFT) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. MasterCraft Boat had a positive return on equity of 3.74% and a negative net margin of 2.29%. On average, sell-side analysts forecast that MasterCraft Boat will post 0.62 EPS for the current fiscal year.

Hedge Funds Weigh In On MasterCraft Boat

Several institutional investors and hedge funds have recently modified their holdings of the company. State of Wyoming purchased a new stake in MasterCraft Boat in the 4th quarter worth approximately $108,000. Tower Research Capital LLC TRC boosted its holdings in shares of MasterCraft Boat by 260.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,210 shares of the company’s stock worth $118,000 after purchasing an additional 4,487 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of MasterCraft Boat by 10.7% during the fourth quarter. SG Americas Securities LLC now owns 7,673 shares of the company’s stock worth $146,000 after purchasing an additional 742 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of MasterCraft Boat by 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company’s stock valued at $149,000 after purchasing an additional 544 shares during the period. Finally, Principal Financial Group Inc. purchased a new position in MasterCraft Boat during the third quarter worth about $191,000. Hedge funds and other institutional investors own 97.64% of the company’s stock.

MasterCraft Boat Company Profile

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through MasterCraft, Crest, and Aviara segments. The MasterCraft segment produces premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating.