Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives $23.60 Average Price Target from Brokerages
by Teresa Graham · The Cerbat GemShares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT – Get Free Report) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $23.60.
Several equities research analysts have weighed in on MCFT shares. B. Riley Financial reissued a “neutral” rating on shares of Mastercraft Boat in a research report on Friday, February 6th. Loop Capital started coverage on shares of Mastercraft Boat in a research report on Monday, December 22nd. They set a “hold” rating and a $21.00 price target for the company. Seaport Research Partners raised shares of Mastercraft Boat to a “hold” rating in a research report on Monday, December 22nd. Zacks Research cut shares of Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Robert W. Baird set a $28.00 price target on shares of Mastercraft Boat in a research report on Friday, February 6th.
View Our Latest Stock Report on Mastercraft Boat
Insiders Place Their Bets
In other Mastercraft Boat news, major shareholder Fund L.P. Forager sold 26,497 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $23.50, for a total transaction of $622,679.50. Following the completion of the sale, the insider owned 1,611,277 shares of the company’s stock, valued at $37,865,009.50. This represents a 1.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 87,841 shares of company stock worth $2,069,264. Corporate insiders own 2.50% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC bought a new position in Mastercraft Boat in the 2nd quarter worth $2,065,000. JPMorgan Chase & Co. raised its holdings in Mastercraft Boat by 1,252.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 112,930 shares of the company’s stock worth $2,423,000 after purchasing an additional 104,577 shares in the last quarter. Ellsworth Advisors LLC bought a new position in Mastercraft Boat in the 4th quarter worth $523,000. Royce & Associates LP raised its holdings in Mastercraft Boat by 11.4% in the 3rd quarter. Royce & Associates LP now owns 256,702 shares of the company’s stock worth $5,509,000 after purchasing an additional 26,186 shares in the last quarter. Finally, Redmont Wealth Advisors LLC bought a new position in Mastercraft Boat in the 3rd quarter worth $596,000. 97.64% of the stock is currently owned by institutional investors.
Mastercraft Boat Stock Up 6.3%
Shares of MCFT opened at $23.40 on Tuesday. The stock has a market capitalization of $380.95 million, a P/E ratio of 24.38 and a beta of 1.06. The firm has a fifty day simple moving average of $21.59 and a two-hundred day simple moving average of $20.73. Mastercraft Boat has a twelve month low of $15.74 and a twelve month high of $26.49.
Mastercraft Boat (NASDAQ:MCFT – Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.13. The business had revenue of $71.76 million during the quarter, compared to analysts’ expectations of $68.79 million. Mastercraft Boat had a net margin of 5.27% and a return on equity of 9.51%. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 EPS. Mastercraft Boat has set its Q3 2026 guidance at 0.350-0.350 EPS and its FY 2026 guidance at 1.450-1.600 EPS. Sell-side analysts expect that Mastercraft Boat will post 0.62 EPS for the current fiscal 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.