D.A. Davidson Reaffirms Their Hold Rating on MasterCraft Boat Holdings (MCFT)

In a report released today, Brandon Rolle from D.A. Davidson maintained a Hold rating on MasterCraft Boat Holdings (MCFT – Research Report), with a price target of $20.00. The company’s shares closed yesterday at $19.79.

Rolle covers the Consumer Cyclical sector, focusing on stocks such as Harley-Davidson, Camping World Holdings, and LCI Industries. According to TipRanks, Rolle has an average return of -4.7% and a 39.22% success rate on recommended stocks.

Currently, the analyst consensus on MasterCraft Boat Holdings is a Moderate Buy with an average price target of $22.67.

Based on MasterCraft Boat Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $99.48 million and a net profit of $5.89 million. In comparison, last year the company earned a revenue of $159.19 million and had a net profit of $19.68 million

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MCFT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

MasterCraft Boat Holdings (MCFT) Company Description:

Mastercraft Boat Holdings, Inc. engages in the design, manufacture, and sale of boats. It operates through the MasterCraft, NauticStar, Crest segment. The MasterCraft segment offers recreational performance boats used for water skiing, wakeboarding, and wake surfing activities. The NauticStar segment includes recreational boats primarily used for salt water fishing, and general recreational boating. The Crest segment produces pontoon boats and are primarily used for general recreational boating. The company was founded in 1968 and is headquartered in Vonore, TN.