MasterCraft Boat (NASDAQ:MCFT) Reaches New 52-Week High at $29.77

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT – Get Rating)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $29.77 and last traded at $29.61, with a volume of 39250 shares trading hands. The stock had previously closed at $29.20.

Analysts Set New Price Targets

Several equities analysts have recently commented on MCFT shares. B. Riley decreased their price target on MasterCraft Boat from $37.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, October 25th. Raymond James upped their price target on MasterCraft Boat from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday, November 10th. Stifel Nicolaus cut their price objective on MasterCraft Boat from $31.00 to $29.00 in a report on Thursday, October 20th. Finally, StockNews.com upgraded MasterCraft Boat from a “buy” rating to a “strong-buy” rating in a report on Friday, December 16th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $29.40.

MasterCraft Boat Price Performance

The company has a current ratio of 1.73, a quick ratio of 0.85 and a debt-to-equity ratio of 0.36. The stock has a market cap of $522.43 million, a PE ratio of 10.48 and a beta of 1.79. The company has a fifty day moving average of $26.48 and a 200-day moving average of $23.95.

MasterCraft Boat (NASDAQ:MCFT – Get Rating) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.10. MasterCraft Boat had a return on equity of 68.92% and a net margin of 7.08%. The company had revenue of $169.52 million for the quarter, compared to the consensus estimate of $165.46 million. Sell-side analysts expect that MasterCraft Boat Holdings, Inc. will post 4.2 EPS for the current fiscal year.

Institutional Investors Weigh In On MasterCraft Boat

Several large investors have recently bought and sold shares of MCFT. Coliseum Capital Management LLC increased its holdings in MasterCraft Boat by 30.5% during the 2nd quarter. Coliseum Capital Management LLC now owns 1,670,399 shares of the company’s stock worth $35,162,000 after purchasing an additional 390,188 shares during the period. Divisar Capital Management LLC increased its holdings in shares of MasterCraft Boat by 12.0% in the 1st quarter. Divisar Capital Management LLC now owns 1,213,023 shares of the company’s stock valued at $29,852,000 after acquiring an additional 130,333 shares during the last quarter. Millennium Management LLC increased its holdings in shares of MasterCraft Boat by 890.3% in the 2nd quarter. Millennium Management LLC now owns 121,142 shares of the company’s stock valued at $2,550,000 after acquiring an additional 108,909 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of MasterCraft Boat by 39.4% in the 1st quarter. Wellington Management Group LLP now owns 372,400 shares of the company’s stock valued at $9,165,000 after acquiring an additional 105,300 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of MasterCraft Boat in the 3rd quarter valued at about $1,689,000. Hedge funds and other institutional investors own 91.99% of the company’s stock.

MasterCraft Boat Company Profile

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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.