Brokerages Set MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) PT at $35.20

Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT – Get Rating) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $35.20.

MCFT has been the subject of a number of research analyst reports. B. Riley reduced their price target on shares of MasterCraft Boat from $40.00 to $39.00 in a research note on Thursday, May 11th. KeyCorp started coverage on shares of MasterCraft Boat in a report on Wednesday, April 19th. They issued a “sector weight” rating on the stock. Truist Financial raised their target price on shares of MasterCraft Boat from $22.00 to $28.00 and gave the stock a “hold” rating in a report on Thursday, February 9th. Robert W. Baird boosted their target price on MasterCraft Boat from $30.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. Finally, Raymond James increased their price target on MasterCraft Boat from $31.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, February 9th.

MasterCraft Boat Stock Up 1.0 %

NASDAQ:MCFT opened at $28.17 on Friday. The firm has a market capitalization of $492.98 million, a PE ratio of 8.69 and a beta of 1.76. MasterCraft Boat has a 52 week low of $18.49 and a 52 week high of $35.29. The company has a current ratio of 1.81, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average of $29.41 and a 200-day moving average of $28.81.

MasterCraft Boat (NASDAQ:MCFT – Get Rating) last posted its earnings results on Wednesday, May 10th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.31. MasterCraft Boat had a net margin of 8.10% and a return on equity of 64.21%. The firm had revenue of $166.78 million during the quarter, compared to analyst estimates of $158.37 million. Analysts predict that MasterCraft Boat will post 4.42 EPS for the current year.

Hedge Funds Weigh In On MasterCraft Boat

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MCFT. Tower Research Capital LLC TRC raised its stake in shares of MasterCraft Boat by 143.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 829 shares of the company’s stock valued at $25,000 after acquiring an additional 489 shares in the last quarter. Group One Trading L.P. lifted its stake in shares of MasterCraft Boat by 55.9% in the first quarter. Group One Trading L.P. now owns 1,394 shares of the company’s stock worth $34,000 after buying an additional 500 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of MasterCraft Boat by 44.7% during the 4th quarter. Meeder Asset Management Inc. now owns 1,435 shares of the company’s stock worth $37,000 after buying an additional 443 shares during the period. Quarry LP acquired a new position in MasterCraft Boat in the 1st quarter valued at $41,000. Finally, UBS Group AG raised its holdings in MasterCraft Boat by 932.3% in the 3rd quarter. UBS Group AG now owns 2,302 shares of the company’s stock worth $43,000 after acquiring an additional 2,079 shares during the period. Institutional investors own 91.99% of the company’s stock.

About MasterCraft Boat

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Mastercraft Boat Holdings, Inc engages in the designing, manufacturing, and selling of boats. It operates through the following segments: MasterCraft, Crest, NauticStar, and Aviara. The MasterCraft segment offers recreational performance boats used for water skiing, wakeboarding, and wake surfing activities and general recreational boating under product brands, such as MasterCraft.