MasterCraft Boat (NASDAQ:MCFT) Rating Increased to Hold at StockNews.com
by Tristan Rich · The Markets DailyStockNews.com upgraded shares of MasterCraft Boat (NASDAQ:MCFT – Free Report) from a sell rating to a hold rating in a report published on Thursday.
Other equities analysts also recently issued reports about the stock. B. Riley upped their price target on shares of MasterCraft Boat from $14.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. DA Davidson increased their price target on MasterCraft Boat from $17.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Truist Financial boosted their price objective on MasterCraft Boat from $15.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $22.00 target price on shares of MasterCraft Boat in a research note on Friday, August 30th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.25.
Read Our Latest Report on MCFT
MasterCraft Boat Trading Down 0.8 %
Shares of NASDAQ MCFT opened at $18.40 on Thursday. The stock has a market capitalization of $309.05 million, a P/E ratio of -80.00 and a beta of 1.64. MasterCraft Boat has a 1-year low of $16.12 and a 1-year high of $24.05. The business’s 50 day moving average is $19.53 and its two-hundred day moving average is $19.18. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.49.
MasterCraft Boat (NASDAQ:MCFT – Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. MasterCraft Boat had a positive return on equity of 6.55% and a negative net margin of 1.08%. The company had revenue of $65.40 million during the quarter, compared to the consensus estimate of $61.19 million. During the same period last year, the company earned $0.43 earnings per share. MasterCraft Boat’s revenue was down 37.2% on a year-over-year basis. As a group, research analysts expect that MasterCraft Boat will post 0.61 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of MCFT. Forager Capital Management LLC lifted its holdings in shares of MasterCraft Boat by 29.9% in the 3rd quarter. Forager Capital Management LLC now owns 1,697,695 shares of the company’s stock worth $30,915,000 after buying an additional 390,405 shares during the period. Systematic Financial Management LP raised its holdings in shares of MasterCraft Boat by 6.8% in the third quarter. Systematic Financial Management LP now owns 1,028,585 shares of the company’s stock valued at $18,731,000 after acquiring an additional 65,412 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in MasterCraft Boat by 13.1% in the second quarter. Dimensional Fund Advisors LP now owns 714,208 shares of the company’s stock worth $13,484,000 after acquiring an additional 82,509 shares during the period. American Century Companies Inc. grew its holdings in MasterCraft Boat by 14.8% during the 2nd quarter. American Century Companies Inc. now owns 395,570 shares of the company’s stock worth $7,468,000 after acquiring an additional 51,016 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in MasterCraft Boat by 0.7% during the 2nd quarter. Renaissance Technologies LLC now owns 214,400 shares of the company’s stock valued at $4,048,000 after purchasing an additional 1,400 shares during the period. 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.
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