MCBC Holdings, Inc. (MCFT) Earns Buy Rating from B. Riley
B. Riley reaffirmed their buy rating on shares of MCBC Holdings, Inc. (NASDAQ:MCFT) in a research report sent to investors on Friday. B. Riley currently has a $24.00 price target on the stock. B. Riley also issued estimates for MCBC Holdings’ Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.46 EPS, FY2018 earnings at $1.60 EPS, Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.51 EPS and FY2019 earnings at $1.86 EPS.
A number of other research firms have also recently weighed in on MCFT. Zacks Investment Research upgraded shares of MCBC Holdings from a hold rating to a buy rating and set a $25.00 target price on the stock in a research note on Thursday. Aegis assumed coverage on shares of MCBC Holdings in a report on Monday, October 2nd. They issued a buy rating and a $26.00 price target on the stock. BidaskClub downgraded shares of MCBC Holdings from a strong-buy rating to a buy rating in a report on Monday, July 24th. TheStreet upgraded shares of MCBC Holdings from a d+ rating to a b- rating in a report on Thursday, September 7th. Finally, KeyCorp assumed coverage on shares of MCBC Holdings in a report on Wednesday, August 30th. They issued an overweight rating on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $25.00.
Shares of MCBC Holdings (MCFT) traded down $0.40 during mid-day trading on Friday, reaching $21.49. 301,300 shares of the company traded hands, compared to its average volume of 144,945. MCBC Holdings has a 52 week low of $12.73 and a 52 week high of $23.42. The company has a quick ratio of 0.27, a current ratio of 0.59 and a debt-to-equity ratio of 2.62. The stock has a market capitalization of $401.40, a PE ratio of 19.36, a P/E/G ratio of 0.88 and a beta of 1.27.
MCBC Holdings (NASDAQ:MCFT) last issued its earnings results on Friday, November 10th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. The company had revenue of $65.00 million for the quarter, compared to analysts’ expectations of $62.84 million. MCBC Holdings had a net margin of 8.43% and a return on equity of 313.55%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company posted $0.41 earnings per share. analysts predict that MCBC Holdings will post 1.62 EPS for the current year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in MCFT. Russell Investments Group Ltd. increased its holdings in MCBC Holdings by 55.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 7,582 shares of the company’s stock valued at $154,000 after acquiring an additional 2,700 shares during the last quarter. Mesirow Financial Investment Management Inc. bought a new stake in shares of MCBC Holdings in the 2nd quarter worth about $223,000. Nationwide Fund Advisors increased its holdings in shares of MCBC Holdings by 222.1% in the 2nd quarter. Nationwide Fund Advisors now owns 13,969 shares of the company’s stock worth $273,000 after buying an additional 9,632 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of MCBC Holdings in the 3rd quarter worth about $280,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of MCBC Holdings by 174.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,688 shares of the company’s stock worth $326,000 after buying an additional 10,611 shares during the last quarter. Institutional investors own 93.38% of the company’s stock.
About MCBC Holdings
MCBC Holdings, Inc (MCBC) is a holding company. The Company is a designer and manufacturer of inboard tournament ski boats and V-drive runabouts under the MasterCraft brand. The Company operates through two segments: MasterCraft and Hydra-Sports. The MasterCraft product brand consists of recreational performance boats primarily used for water skiing, wakeboarding and wake surfing, and general recreational boating.
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