Mastercraft Boat Holdings Inc (NASDAQ:MCFT) has earned a consensus rating of “Buy” from the eight analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $37.40.

MCFT has been the topic of several research analyst reports. BidaskClub upgraded Mastercraft Boat from a “hold” rating to a “buy” rating in a research report on Thursday, February 28th. ValuEngine upgraded Mastercraft Boat from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Zacks Investment Research cut Mastercraft Boat from a “buy” rating to a “hold” rating in a research report on Wednesday, December 19th. Finally, Wells Fargo & Co lowered their price target on Mastercraft Boat from $41.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 18th.

Shares of Mastercraft Boat stock opened at $23.32 on Friday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.46 and a current ratio of 0.89. The firm has a market cap of $438.10 million, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 0.56 and a beta of 1.70. Mastercraft Boat has a 1-year low of $17.60 and a 1-year high of $39.50.

Mastercraft Boat (NASDAQ:MCFT) last issued its quarterly earnings results on Thursday, February 7th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. Mastercraft Boat had a return on equity of 80.59% and a net margin of 10.69%. The company had revenue of $121.50 million for the quarter, compared to analysts’ expectations of $112.54 million. During the same period last year, the firm earned $0.42 EPS. The firm’s revenue for the quarter was up 55.0% on a year-over-year basis. On average, research analysts forecast that Mastercraft Boat will post 2.69 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of MCFT. Northern Trust Corp increased its position in shares of Mastercraft Boat by 4.9% during the 2nd quarter. Northern Trust Corp now owns 208,781 shares of the company’s stock valued at $6,044,000 after purchasing an additional 9,736 shares during the period. First Trust Advisors LP grew its holdings in shares of Mastercraft Boat by 50.6% in the 3rd quarter. First Trust Advisors LP now owns 28,378 shares of the company’s stock worth $1,018,000 after acquiring an additional 9,533 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Mastercraft Boat by 46.9% in the 3rd quarter. Victory Capital Management Inc. now owns 15,257 shares of the company’s stock worth $547,000 after acquiring an additional 4,870 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Mastercraft Boat by 0.8% in the 3rd quarter. American Century Companies Inc. now owns 300,121 shares of the company’s stock worth $10,768,000 after acquiring an additional 2,446 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Mastercraft Boat by 35.2% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 29,874 shares of the company’s stock worth $1,072,000 after acquiring an additional 7,780 shares during the last quarter. Institutional investors own 90.51% of the company’s stock.

About Mastercraft Boat

Mastercraft Boat Holdings, Inc engages in the design, manufacture, and sale of boats. It operates through the MasterCraft and NauticStar segment. The MasterCraft segment offers recreational performance boats used for water skiing, wakeboarding, and wake surfing activities. The NauticStar segment includes recreational boats primarily used for salt water fishing, and general recreational boating.

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Analyst Recommendations for Mastercraft Boat (NASDAQ:MCFT)

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