MCBC (MCFT) Rating Increased to Buy at BidaskClub

MCBC (NASDAQ:MCFT) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday.

A number of other analysts also recently issued reports on the company. Zacks Investment Research upgraded MCBC from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. B. Riley raised their price target on MCBC from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. ValuEngine downgraded MCBC from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Robert W. Baird restated a “buy” rating on shares of MCBC in a research report on Friday, November 10th. Finally, Aegis began coverage on MCBC in a research report on Monday, October 2nd. They issued a “buy” rating and a $26.00 price target for the company. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $26.33.

MCBC (MCFT) traded down $0.62 during mid-day trading on Friday, hitting $24.13. 182,955 shares of the company were exchanged, compared to its average volume of 172,757. MCBC has a 1 year low of $13.67 and a 1 year high of $24.89. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.51 and a current ratio of 0.78. The stock has a market capitalization of $439.42 and a price-to-earnings ratio of 22.98.

MCBC (NASDAQ:MCFT) last issued its quarterly earnings results on Friday, November 10th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. The company had revenue of $65.00 million during the quarter, compared to the consensus estimate of $62.84 million. MCBC had a return on equity of 213.34% and a net margin of 8.43%. MCBC’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the company earned $0.41 earnings per share. research analysts anticipate that MCBC will post 1.58 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in MCBC by 13.1% in the second quarter. Vanguard Group Inc. now owns 1,064,876 shares of the company’s stock worth $20,818,000 after buying an additional 123,082 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of MCBC by 32.6% during the second quarter. Renaissance Technologies LLC now owns 772,900 shares of the company’s stock worth $15,110,000 after purchasing an additional 189,900 shares during the last quarter. Divisar Capital Management LLC lifted its position in shares of MCBC by 18.3% during the second quarter. Divisar Capital Management LLC now owns 705,100 shares of the company’s stock worth $13,785,000 after purchasing an additional 108,912 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of MCBC by 7.0% during the third quarter. Wells Fargo & Company MN now owns 529,091 shares of the company’s stock worth $10,783,000 after purchasing an additional 34,401 shares during the last quarter. Finally, Hood River Capital Management LLC lifted its position in shares of MCBC by 2.2% during the third quarter. Hood River Capital Management LLC now owns 426,876 shares of the company’s stock worth $8,700,000 after purchasing an additional 9,147 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

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About MCBC

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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