Mastercraft Boat (NASDAQ:MCFT) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, January 2nd.
Several other analysts have also recently weighed in on the stock. SunTrust Banks lifted their price objective on shares of Mastercraft Boat to $30.00 in a research note on Thursday, October 11th. BidaskClub lowered shares of Mastercraft Boat from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 24th. Zacks Investment Research raised shares of Mastercraft Boat from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Wednesday, September 19th. B. Riley raised their target price on shares of Mastercraft Boat from $36.50 to $44.00 and gave the company a “buy” rating in a report on Monday, September 17th. Finally, Wells Fargo & Co raised their target price on shares of Mastercraft Boat from $36.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, September 24th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Mastercraft Boat has a consensus rating of “Hold” and an average price target of $38.00.
Mastercraft Boat stock traded up $0.12 during midday trading on Wednesday, hitting $20.57. The company’s stock had a trading volume of 113,710 shares, compared to its average volume of 205,464. Mastercraft Boat has a 1-year low of $17.60 and a 1-year high of $39.50. The company has a quick ratio of 0.37, a current ratio of 0.77 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $388.84 million, a price-to-earnings ratio of 10.13, a price-to-earnings-growth ratio of 0.51 and a beta of 1.63.
Mastercraft Boat (NASDAQ:MCFT) last issued its quarterly earnings data on Friday, November 9th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. Mastercraft Boat had a net margin of 11.37% and a return on equity of 90.10%. The business had revenue of $93.60 million during the quarter, compared to analysts’ expectations of $90.93 million. During the same quarter in the previous year, the company earned $0.40 EPS. The business’s revenue was up 44.0% on a year-over-year basis. On average, sell-side analysts anticipate that Mastercraft Boat will post 2.69 earnings per share for the current fiscal year.
In other news, insider Terry D. Mcnew bought 3,545 shares of the firm’s stock in a transaction on Wednesday, November 14th. The shares were purchased at an average cost of $28.14 per share, with a total value of $99,756.30. Following the acquisition, the insider now directly owns 320,062 shares in the company, valued at $9,006,544.68. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 2.79% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC grew its holdings in shares of Mastercraft Boat by 1.4% during the 3rd quarter. Teachers Advisors LLC now owns 104,405 shares of the company’s stock valued at $3,746,000 after purchasing an additional 1,419 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in Mastercraft Boat during the 3rd quarter worth approximately $734,000. Marshall Wace LLP acquired a new stake in Mastercraft Boat during the 3rd quarter worth approximately $7,055,000. Neuberger Berman Group LLC boosted its position in Mastercraft Boat by 9.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 42,045 shares of the company’s stock worth $1,508,000 after buying an additional 3,750 shares during the period. Finally, AQR Capital Management LLC boosted its position in Mastercraft Boat by 28.4% during the 3rd quarter. AQR Capital Management LLC now owns 310,080 shares of the company’s stock worth $11,126,000 after buying an additional 68,494 shares during the period. 91.75% of the stock is currently owned by institutional investors.
Mastercraft Boat Company Profile
MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. The company operates in two segments, MasterCraft and NauticStar. It offers sport boats and outboard boats, which are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating.
See Also: Intrinsic Value
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