Divisar Capital Management LLC recently announced the acquisition of new stake in MasterCraft Boat Holdings Inc. (NASDAQ:MCFT). The institutional investor has increased its shareholding in the Consumer Cyclical company by 1.86% to 1.28 million shares with purchase of 23388.0 shares. This fresh investment now brings its stake to 7.20% valued currently at $33.14 million. In addition, Forager Capital Management LLC raised its holdings by 13112.0 to 1.15 million shares. And Wasatch Advisors, Inc. has lifted its position by 15.28% or 87609.0 shares – to 0.66 million shares.
With over 0.12 million MasterCraft Boat Holdings Inc. (MCFT) shares trading Monday and a closing price of $29.40 on the day, the dollar volume was approximately $3.61 million. The shares have shown a positive half year performance of 25.11% and its price on 01/23/23 gained nearly 0.68%. Currently, there are 17.95M common shares owned by the public and among those 17.34M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for MCFT have a consensus price objective of $28.60. The analysts have set the share’s price value over the next 12 months at a high of $31.00 and a low of $22.00. The average price target is -2.8% below its recent price level and a downside to the estimated low will see the stock lose -33.64% over that period. But an upside of 5.16% will see the stock hit the forecast high price target while median target price for the stock is $30.00.
Insiders at the company have transacted a total of 27 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 14 of these insider trades were purchases, accounting for 106,271 shares. Insider sales of the common stock occurred on 13 occasions, with total insider shares sold totaling 17,725 shares.
The top 3 mutual fund holders in MasterCraft Boat Holdings Inc. are Wasatch Micro Cap Fund, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF. Wasatch Micro Cap Fund owns 0.64 million shares of the company’s stock, all valued at over $16.43 million. The company bought an additional 82523.0 shares recently to bring their total holdings to about 3.57% of the shares outstanding. iShares Russell 2000 ETF sold 4087.0 shares to bring its total holdings to over 0.39 million shares at a value of $10.18 million. iShares Russell 2000 ETF now owns shares totaling to 2.21% of the shares outstanding.
Shares of MasterCraft Boat Holdings Inc. (NASDAQ: MCFT) opened at $29.29, up $0.09 from a prior closing price of $29.20. However, the script later moved the day high at 29.77, up 0.68%. The company’s stock has a 5-day price change of 2.40% and 44.54% over the past three months. MCFT shares are trading 13.65% year to date (YTD), with the 12-month market performance up to 21.44% higher. It has a 12-month low price of $18.49 and touched a high of $29.69 over the same period. MCFT has an average intraday trading volume of 95.62K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.20%, 12.54%, and 24.82% respectively.
Institutional ownership of MasterCraft Boat Holdings Inc. (NASDAQ: MCFT) shares accounts for 94.90% of the company’s 17.95M shares outstanding. Mutual fund holders own 31.37%, while other institutional holders and individual stakeholders account for 62.24% and 12.84% respectively.
It has a market capitalization of $510.97M and a beta (3y monthly) value of 1.80. The stock’s trailing 12-month PE ratio is 7.45, while the earnings-per-share (ttm) stands at $3.95. The company has a PEG of 0.75 and a Quick Ratio of 0.80 with the debt-to-equity ratio at 0.39. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.96% over the week and 2.53% over the month.
Analysts forecast that MasterCraft Boat Holdings Inc. (MCFT) will achieve an EPS of $1.29 for the current quarter, $0.93 for the next quarter and $4.18 for 2024. The lowest estimate earnings-per-share for the quarter is $1.26 while analysts give the company a high EPS estimate of $1.31. Comparatively, EPS for the current quarter was $0.67 a year ago. Earnings per share for the fiscal year are expected to increase by 5.40%, and -2.20% over the next financial year. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 24.30% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate MasterCraft Boat Holdings Inc. (MCFT) as a “Strong Buy” at a consensus score of 1.80. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 1 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the MCFT, a number of firms have released research notes about the stock. Stifel stated their Buy rating for the stock in a research note on August 19, 2022, with the firm’s price target at $35. B. Riley Securities coverage for the MasterCraft Boat Holdings Inc. (MCFT) stock in a research note released on March 28, 2022 offered a Buy rating with a price target of $47. B. Riley Securities was of a view on November 12, 2020 that the stock is Buy, while Robert W. Baird gave the stock Outperform rating on September 22, 2020, issuing a price target of $22. B. Riley FBR on their part issued Buy rating on June 08, 2020.