Robert W. Baird Cuts Mastercraft Boat (NASDAQ:MCFT) Price Target to $26.00

Mastercraft Boat (NASDAQ:MCFT) had its target price reduced by Robert W. Baird from $30.00 to $26.00 in a report issued on Friday morning, Marketbeat reports. They currently have a neutral rating on the stock.

Other equities analysts have also issued research reports about the company. Weiss Ratings upgraded Mastercraft Boat from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Zacks Research lowered shares of Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Finally, Truist Financial increased their target price on shares of Mastercraft Boat from $25.00 to $28.00 and gave the stock a “hold” rating in a report on Monday, July 6th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $25.00.

Mastercraft Boat Price Performance

Shares of NASDAQ:MCFT opened at $19.64 on Friday. Mastercraft Boat has a 52-week low of $17.19 and a 52-week high of $28.44. The stock has a market cap of $319.74 million, a P/E ratio of -981.51 and a beta of 1.07. The business’s 50 day moving average is $24.21 and its 200 day moving average is $23.14.

Mastercraft Boat (NASDAQ:MCFT) last issued its earnings results on Thursday, September 10th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. The business had revenue of $129.94 million during the quarter, compared to analyst estimates of $101.79 million. Mastercraft Boat had a positive return on equity of 11.08% and a negative net margin of 0.48%.Mastercraft Boat’s revenue was up 63.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS. On average, sell-side analysts anticipate that Mastercraft Boat will post 1.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Mastercraft Boat

A number of large investors have recently made changes to their positions in the business. Pillsbury Lake Capital LLC purchased a new position in Mastercraft Boat during the 2nd quarter worth $12,886,943. Polar Asset Management Partners Inc. purchased a new stake in Mastercraft Boat in the second quarter valued at about $10,073,000. Lazard Asset Management LLC purchased a new stake in Mastercraft Boat in the first quarter valued at about $2,248,000. BlackRock Inc. acquired a new stake in Mastercraft Boat in the second quarter worth about $36,896,000. Finally, De Lisle Partners LLP acquired a new stake in Mastercraft Boat in the second quarter worth about $5,573,000. 97.64% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Mastercraft Boat

Here are the key news stories impacting Mastercraft Boat this week:

• Positive Sentiment: Fiscal fourth-quarter revenue rose 63.4% year over year to $129.94 million, well above the $101.79 million analyst estimate. Adjusted earnings were $0.67 per share, exceeding consensus estimates of $0.61–$0.63 and rising from $0.40 a year earlier. MasterCraft Boat Holdings, Inc. Reports Fiscal 2026 Results
• Positive Sentiment: Management highlighted a record-breaking quarter, while the Marine Products acquisition provided a substantial boost to reported sales and expanded the company’s business mix. MasterCraft Sales Get Big Boost From Marine Products Acquisition
• Neutral Sentiment: MasterCraft outlined $287 million to $291 million of net sales and $0.66 to $0.76 of adjusted EPS for a six-month transition period. The outlook incorporates expected retail demand declines of approximately 5% to 10%, making near-term results dependent on integration and market conditions. MasterCraft transition-period outlook
• Negative Sentiment: Robert W. Baird lowered its price target from $30 to $26 and maintained a neutral rating. Although the new target implies considerable upside from the recently cited $19.64 share price, the reduction signals less confidence in valuation or near-term operating momentum. Baird price-target update

About Mastercraft Boat

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.