Shares of MCBC Holdings Inc (NASDAQ:MCFT) have received an average rating of “Hold” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $27.00.
MCFT has been the subject of several recent research reports. Aegis initiated coverage on shares of MCBC in a research report on Monday, October 2nd. They issued a “buy” rating and a $26.00 price objective for the company. B. Riley reissued a “buy” rating and issued a $24.00 price objective (up previously from $21.50) on shares of MCBC in a research report on Tuesday, October 3rd. Zacks Investment Research raised shares of MCBC from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, November 9th. Robert W. Baird reaffirmed a “buy” rating on shares of MCBC in a report on Friday, November 10th. Finally, ValuEngine lowered shares of MCBC from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
Shares of MCBC (MCFT) opened at $21.84 on Friday. MCBC has a 52-week low of $13.67 and a 52-week high of $23.99. The stock has a market cap of $402.71, a price-to-earnings ratio of 20.60, a PEG ratio of 0.91 and a beta of 1.25. The company has a quick ratio of 0.51, a current ratio of 0.78 and a debt-to-equity ratio of 1.54.
MCBC (NASDAQ:MCFT) last released its quarterly earnings data on Friday, November 10th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. MCBC had a net margin of 8.43% and a return on equity of 213.34%. The company had revenue of $65.00 million during the quarter, compared to analyst estimates of $62.84 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. research analysts forecast that MCBC will post 1.57 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MCFT. Russell Investments Group Ltd. grew its holdings in MCBC by 55.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 7,582 shares of the company’s stock valued at $154,000 after purchasing an additional 2,700 shares in the last quarter. Mesirow Financial Investment Management Inc. acquired a new stake in MCBC during the 2nd quarter valued at $223,000. Nationwide Fund Advisors grew its holdings in MCBC by 222.1% during the 2nd quarter. Nationwide Fund Advisors now owns 13,969 shares of the company’s stock valued at $273,000 after purchasing an additional 9,632 shares in the last quarter. Trexquant Investment LP acquired a new stake in MCBC during the 3rd quarter valued at $280,000. Finally, The Manufacturers Life Insurance Company grew its holdings in MCBC by 174.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,688 shares of the company’s stock valued at $326,000 after purchasing an additional 10,611 shares in the last quarter. 93.95% of the stock is 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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