Mastercraft Boat (NASDAQ:MCFT) Raised to Sell at BidaskClub

BidaskClub upgraded shares of Mastercraft Boat (NASDAQ:MCFT) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday, BidAskClub reports.

Other research analysts have also issued research reports about the stock. B. Riley lowered their target price on shares of Mastercraft Boat from $43.00 to $37.00 and set a buy rating for the company in a research note on Tuesday, August 27th. Raymond James lowered shares of Mastercraft Boat from a strong-buy rating to a market perform rating in a research report on Monday, July 22nd. ValuEngine lowered shares of Mastercraft Boat from a sell rating to a strong sell rating in a research report on Friday, May 24th. Zacks Investment Research lowered shares of Mastercraft Boat from a hold rating to a sell rating in a research report on Saturday, July 20th. Finally, TheStreet lowered shares of Mastercraft Boat from a b- rating to a c+ rating in a research report on Thursday, August 15th. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $29.20.

Shares of MCFT stock traded up $0.98 during trading hours on Tuesday, hitting $14.97. The company’s stock had a trading volume of 14,397 shares, compared to its average volume of 241,842. The company has a current ratio of 0.79, a quick ratio of 0.38 and a debt-to-equity ratio of 1.42. The company has a 50 day moving average of $15.26 and a 200 day moving average of $20.62. Mastercraft Boat has a 12-month low of $13.33 and a 12-month high of $39.50. The stock has a market cap of $329.36 million, a PE ratio of 7.38, a price-to-earnings-growth ratio of 0.61 and a beta of 1.67.



Mastercraft Boat (NASDAQ:MCFT) last posted its quarterly earnings data on Thursday, September 12th. The company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.06. Mastercraft Boat had a net margin of 10.15% and a return on equity of 73.69%. The company had revenue of $122.81 million during the quarter, compared to analysts’ expectations of $126.21 million. During the same period in the prior year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was up 28.7% on a year-over-year basis. As a group, analysts anticipate that Mastercraft Boat will post 2.71 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Mesirow Financial Investment Management Inc. grew its position in Mastercraft Boat by 68.6% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 22,047 shares of the company’s stock valued at $442,000 after buying an additional 8,970 shares during the last quarter. Bowling Portfolio Management LLC grew its position in Mastercraft Boat by 31.0% in the 2nd quarter. Bowling Portfolio Management LLC now owns 61,091 shares of the company’s stock valued at $1,197,000 after buying an additional 14,446 shares during the last quarter. Isthmus Partners LLC purchased a new position in Mastercraft Boat in the 2nd quarter valued at $636,000. Clark Estates Inc. NY purchased a new position in Mastercraft Boat in the 1st quarter valued at $3,340,000. Finally, Virginia Retirement Systems ET AL grew its position in Mastercraft Boat by 23.2% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 70,200 shares of the company’s stock valued at $1,375,000 after buying an additional 13,200 shares during the last quarter. Hedge funds and other institutional investors own 94.77% of the company’s stock.

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.

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