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2023-04-03 13:22
MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT – Get Rating) has been given an average recommendation of "Buy" by the six brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $33.60.
Several analysts recently weighed in on the company. StockNews.com upgraded MasterCraft Boat from a "buy" rating to a "strong-buy" rating in a research note on Sunday, March 26th. Raymond James increased their target price on MasterCraft Boat from $31.00 to $40.00 and gave the company an "outperform" rating in a research note on Thursday, February 9th. Truist Financial increased their target price on MasterCraft Boat from $22.00 to $28.00 and gave the company a "hold" rating in a research note on Thursday, February 9th. Finally, Robert W. Baird increased their target price on MasterCraft Boat from $30.00 to $40.00 and gave the company an "outperform" rating in a research note on Thursday, February 9th.
Get MasterCraft Boat alerts:Shares of NASDAQ MCFT opened at $30.43 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.26 and a current ratio of 1.88. The firm has a market cap of $540.92 million, a price-to-earnings ratio of 9.82 and a beta of 1.78. The business's 50-day simple moving average is $31.95 and its 200-day simple moving average is $26.72. MasterCraft Boat has a 52 week low of $18.49 and a 52 week high of $35.29.
MasterCraft Boat (NASDAQ:MCFT – Get Rating) last issued its quarterly earnings data on Wednesday, February 8th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.19. The business had revenue of $159.19 million for the quarter, compared to analyst estimates of $150.83 million. MasterCraft Boat had a return on equity of 67.61% and a net margin of 7.66%. As a group, equities research analysts expect that MasterCraft Boat will post 4.42 earnings per share for the current fiscal year.
In other MasterCraft Boat news, major shareholder Coliseum Capital Management, L sold 335,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $34.24, for a total value of $11,487,520.00. Following the completion of the sale, the insider now owns 1,473,105 shares in the company, valued at approximately $50,439,115.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.76% of the company's stock.
A number of hedge funds have recently modified their holdings of MCFT. Bank of New York Mellon Corp lifted its position in shares of MasterCraft Boat by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 82,990 shares of the company's stock worth $2,042,000 after acquiring an additional 1,042 shares during the period. American Century Companies Inc. lifted its position in shares of MasterCraft Boat by 121.7% in the 1st quarter. American Century Companies Inc. now owns 37,043 shares of the company's stock worth $912,000 after acquiring an additional 20,334 shares during the period. Group One Trading L.P. lifted its position in shares of MasterCraft Boat by 55.9% in the 1st quarter. Group One Trading L.P. now owns 1,394 shares of the company's stock worth $34,000 after acquiring an additional 500 shares during the period. MetLife Investment Management LLC lifted its position in shares of MasterCraft Boat by 67.7% during the 1st quarter. MetLife Investment Management LLC now owns 8,982 shares of the company's stock worth $221,000 after buying an additional 3,626 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of MasterCraft Boat by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 539,870 shares of the company's stock worth $13,287,000 after buying an additional 5,852 shares during the period. Institutional investors own 91.99% of the company's stock.
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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.
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