MasterCraft Boat (NASDAQ:MCFT) Receives Neutral Rating from Robert W. Baird

MasterCraft Boat (NASDAQ:MCFT)‘s stock had its “neutral” rating reiterated by investment analysts at Robert W. Baird in a research note issued on Friday, Marketbeat reports. They currently have a $20.00 price objective on the stock, down from their prior price objective of $26.00. Robert W. Baird’s price objective points to a potential upside of 27.39% from the stock’s previous close.

A number of other equities analysts have also weighed in on MCFT. B. Riley upgraded shares of MasterCraft Boat to a “hold” rating in a report on Wednesday, February 12th. DA Davidson decreased their price target on MasterCraft Boat from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Truist Financial dropped their price objective on MasterCraft Boat from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Tuesday, January 7th. Finally, StockNews.com raised MasterCraft Boat from a “sell” rating to a “hold” rating in a research report on Saturday, March 15th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.40.

MasterCraft Boat Price Performance

Shares of NASDAQ:MCFT opened at $15.70 on Friday. The business has a fifty day moving average price of $17.97 and a 200-day moving average price of $18.58. The company has a market capitalization of $263.02 million, a PE ratio of -39.25 and a beta of 1.71. MasterCraft Boat has a 1-year low of $15.33 and a 1-year high of $23.12.

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

Hedge Funds Weigh In On MasterCraft Boat

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

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.