The price of MasterCraft Boat Holdings Inc. (NASDAQ:MCFT) shares last traded on Wall Street fell -2.83% to $25.02.
MCFT stock price is now 18.22% away from the 50-day moving average and 5.82% away from the 200-day moving average. The market capitalization of the company currently stands at $442.60M.
With the price target of $35, Stifel recently initiated with Buy rating for MasterCraft Boat Holdings Inc. (NASDAQ: MCFT). On March 28, 2022, B. Riley Securities reiterated its ‘Buy’ rating on the stock and kept its target price maintained at $47, while ‘Robert W. Baird’ rates the stock as ‘Outperform’.
Insiders disposed of 17,725 shares of company stock worth roughly $0.44 million over the past 1 year. A total of 2.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MCFT stock. A new stake in MasterCraft Boat Holdings Inc. shares was purchased by ASSENAGON ASSET MANAGEMENT S.A. during the first quarter worth $2,242,000. ACADIAN ASSET MANAGEMENT LLC invested $963,000 in shares of MCFT during the first quarter. In the first quarter, TREXQUANT INVESTMENT LP acquired a new stake in MasterCraft Boat Holdings Inc. valued at approximately $724,000. JUMP FINANCIAL, LLC acquired a new stake in MCFT for approximately $712,000. PRAIRIEWOOD CAPITAL, LLC purchased a new stake in MCFT valued at around $686,000 in the second quarter. In total, there are 165 active investors with 91.00% ownership of the company’s stock.
A candlestick chart of MasterCraft Boat Holdings Inc. (NASDAQ: MCFT) showed a price of $25.33 on Monday morning. During the past 12 months, MasterCraft Boat Holdings Inc. has had a low of $18.49 and a high of $29.69. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 1.60, and a quick ratio of 0.70. The fifty day moving average price for MCFT is $21.16 and a two-hundred day moving average price translates $23.64 for the stock.
The latest earnings results from MasterCraft Boat Holdings Inc. (NASDAQ: MCFT) was released for Jun, 2022. According to the Recreational Vehicles Company, earnings per share came in at $1.77, beating analysts’ expectations of $1.5 by 0.27. This compares to -$0.10 EPS in the same period last year. The net profit margin was 8.20% and return on equity was 44.70% for MCFT. The company reported revenue of $169.52 million for the quarter, compared to $130.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 29.75 percent. For the current quarter, analysts expect MCFT to generate $165.27M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/10/2016. Investors who held shares on 06/06/2016 were paid a $4.30 dividend.
MasterCraft Boat Holdings Inc.(MCFT) Company Profile
MasterCraft Boat Holdings, Inc., through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through four segments: MasterCraft, Crest, NauticStar, and Aviara. The MasterCraft segment produces recreational performance sport boats, which are used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating. The Crest segment provides pontoon boats for use in general recreational boating. The NauticStar segment offers boats that are primarily used for saltwater fishing and general recreational boating. The Aviara segment produces luxury day boats for use in general recreational boating. The company also offers ski/wake, outboard, and sterndrive boats, as well as various accessories, including trailers and aftermarket parts. It sells its boats under the MasterCraft, NauticStar, Crest, and Aviara brands through a network of independent dealers in North America and internationally. The company was formerly known as MCBC Holdings, Inc. and changed its name to MasterCraft Boat Holdings, Inc. in November 2018. MasterCraft Boat Holdings, Inc. was incorporated in 2000 and is based in Vonore, Tennessee.