Brokerages Set Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Price Target at $22.67

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) has been given an average rating of “Hold” by the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $22.6667.

MCFT has been the subject of several research reports. Wall Street Zen downgraded shares of Mastercraft Boat from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 29th. Zacks Research lowered shares of Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Truist Financial set a $21.00 target price on Mastercraft Boat in a report on Friday, October 24th. Seaport Res Ptn raised Mastercraft Boat to a “hold” rating in a research note on Monday, December 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mastercraft Boat in a report on Monday, December 29th.

Insider Activity at Mastercraft Boat

In other Mastercraft Boat news, major shareholder Coliseum Capital Management, L acquired 25,000 shares of the stock in a transaction dated Monday, December 22nd. The shares were bought at an average cost of $19.66 per share, for a total transaction of $491,500.00. Following the completion of the acquisition, the insider directly owned 3,697,422 shares of the company’s stock, valued at approximately $72,691,316.52. This trade represents a 0.68% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Fund L.P. Forager sold 58,066 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $20.37, for a total transaction of $1,182,804.42. Following the completion of the sale, the insider directly owned 1,699,928 shares in the company, valued at approximately $34,627,533.36. This represents a 3.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders acquired 134,807 shares of company stock worth $2,649,367 and sold 103,857 shares worth $2,121,382. Insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Gratia Capital LLC acquired a new position in shares of Mastercraft Boat during the 2nd quarter worth about $4,273,000. Arrowstreet Capital Limited Partnership raised its holdings in Mastercraft Boat by 212.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 220,819 shares of the company’s stock worth $4,739,000 after acquiring an additional 150,125 shares in the last quarter. Corient Private Wealth LLC acquired a new position in Mastercraft Boat during the second quarter valued at approximately $2,065,000. Forager Capital Management LLC boosted its position in Mastercraft Boat by 6.2% during the second quarter. Forager Capital Management LLC now owns 1,802,975 shares of the company’s stock valued at $33,499,000 after purchasing an additional 105,280 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Mastercraft Boat by 1,252.0% in the third quarter. JPMorgan Chase & Co. now owns 112,930 shares of the company’s stock valued at $2,423,000 after purchasing an additional 104,577 shares in the last quarter. Institutional investors own 97.64% of the company’s stock.

Mastercraft Boat Trading Up 4.6%

NASDAQ:MCFT opened at $20.28 on Friday. Mastercraft Boat has a 1 year low of $14.39 and a 1 year high of $23.93. The stock has a market cap of $330.36 million, a price-to-earnings ratio of 20.91 and a beta of 1.06. The stock has a 50-day moving average price of $19.07 and a two-hundred day moving average price of $20.19.

Mastercraft Boat (NASDAQ:MCFT) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.12. Mastercraft Boat had a return on equity of 8.09% and a net margin of 5.50%.The company had revenue of $69.00 million for the quarter, compared to analyst estimates of $66.96 million. During the same quarter last year, the firm posted $0.12 earnings per share. Mastercraft Boat’s revenue was up 5.5% compared to the same quarter last year. Mastercraft Boat has set its FY 2026 guidance at 1.180-1.430 EPS and its Q2 2026 guidance at 0.160-0.160 EPS. Sell-side analysts forecast that Mastercraft Boat will post 0.62 earnings per share for the current year.

Mastercraft Boat Company Profile

MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) is a designer, manufacturer and marketer of high-performance recreational powerboats. The company’s portfolio includes the MasterCraft®, Aviara®, Crest® Classic and Supra® brands, each of which features multiple model lines tailored for activities such as wakeboarding, waterskiing, cruising and luxury day boating. MasterCraft oversees the full product lifecycle from hull design and propulsion engineering to interior appointments and final assembly.

Founded in 1968 and headquartered in Vonore, Tennessee, MasterCraft has built a reputation for innovation in hull design, ballast systems and tower architecture to enhance wake performance and ride quality.