MCBC (MCFT) Price Target Raised to $29.00 at Robert W. Baird

MCBC (NASDAQ:MCFT) had its target price hoisted by investment analysts at Robert W. Baird from $24.00 to $29.00 in a report issued on Friday. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 10.18% from the company’s previous close.

MCFT has been the topic of several other research reports. Zacks Investment Research raised MCBC from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. BidaskClub lowered MCBC from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. B. Riley boosted 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. Finally, ValuEngine raised MCBC from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $27.31.

MCBC (NASDAQ MCFT) traded up $4.07 during trading hours on Friday, hitting $26.32. The company’s stock had a trading volume of 691,970 shares, compared to its average volume of 186,020. The firm has a market cap of $424.93, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 0.96 and a beta of 1.25. MCBC has a 52-week low of $13.94 and a 52-week high of $26.75. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.51.

MCBC (NASDAQ:MCFT) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.09. The firm had revenue of $78.40 million for the quarter, compared to analyst estimates of $74.65 million. MCBC had a return on equity of 213.34% and a net margin of 8.43%. The business’s quarterly revenue was up 53.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 EPS. equities research analysts forecast that MCBC will post 1.58 EPS for the current year.

Several hedge funds have recently bought and sold shares of the stock. Royce & Associates LP increased its holdings in shares of MCBC by 18.8% during the 4th quarter. Royce & Associates LP now owns 753,689 shares of the company’s stock worth $16,747,000 after acquiring an additional 119,332 shares during the last quarter. BlackRock Inc. increased its holdings in shares of MCBC by 54.7% during the 4th quarter. BlackRock Inc. now owns 2,387,378 shares of the company’s stock worth $53,046,000 after acquiring an additional 843,953 shares during the last quarter. Hood River Capital Management LLC increased its holdings in shares of MCBC by 7.6% during the 4th quarter. Hood River Capital Management LLC now owns 459,278 shares of the company’s stock worth $10,205,000 after acquiring an additional 32,402 shares during the last quarter. Alambic Investment Management L.P. acquired a new position in shares of MCBC during the 4th quarter worth approximately $404,000. Finally, Wedge Capital Management L L P NC increased its holdings in shares of MCBC by 43.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 47,500 shares of the company’s stock worth $1,055,000 after acquiring an additional 14,400 shares during the last quarter. 96.63% of the stock is currently owned by institutional investors and hedge funds.

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MCBC Company Profile

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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