Shares of MCBC Holdings Inc (NASDAQ:MCFT) have received a consensus rating of “Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $40.33.

Several brokerages recently commented on MCFT. Raymond James upped their target price on MCBC from $36.00 to $44.00 and gave the company a “strong-buy” rating in a research report on Thursday, September 20th. BidaskClub upgraded MCBC from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 15th. Robert W. Baird upped their target price on MCBC from $38.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, September 11th. Zacks Investment Research upgraded MCBC from a “sell” rating to a “hold” rating in a research report on Saturday, September 1st. Finally, B. Riley upped their target price on MCBC from $36.50 to $44.00 and gave the company a “buy” rating in a research report on Monday, September 17th.

Shares of MCBC stock opened at $22.62 on Wednesday. MCBC has a one year low of $20.44 and a one year high of $39.50. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.37 and a current ratio of 0.77. The stock has a market cap of $444.45 million, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 0.59 and a beta of 1.26.

MCBC (NASDAQ:MCFT) last announced its earnings results on Friday, November 9th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. MCBC had a return on equity of 90.10% and a net margin of 11.37%. The company had revenue of $93.60 million for the quarter, compared to analyst estimates of $90.93 million. During the same quarter in the prior year, the company earned $0.40 EPS. The firm’s revenue for the quarter was up 44.0% compared to the same quarter last year. Equities research analysts expect that MCBC will post 2.69 earnings per share for the current fiscal year.

In other news, insider Terry D. Mcnew purchased 3,545 shares of the business’s stock in a transaction on Wednesday, November 14th. The shares were acquired at an average price of $28.14 per share, for a total transaction of $99,756.30. Following the completion of the acquisition, the insider now owns 320,062 shares in the company, valued at $9,006,544.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.79% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Jefferies Group LLC bought a new position in MCBC in the third quarter worth approximately $224,000. Voya Investment Management LLC bought a new position in MCBC in the second quarter worth approximately $201,000. Virtu Financial LLC bought a new position in MCBC in the third quarter worth approximately $252,000. Capital Fund Management S.A. bought a new position in MCBC in the second quarter worth approximately $208,000. Finally, Mackay Shields LLC bought a new position in MCBC in the second quarter worth approximately $226,000. Institutional investors and hedge funds own 91.75% of the company’s stock.

About MCBC

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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Analyst Recommendations for MCBC (NASDAQ:MCFT)

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