Robert W. Baird Reaffirms “Buy” Rating for MCBC (MCFT)

MCBC (NASDAQ:MCFT)‘s stock had its “buy” rating reissued by research analysts at Robert W. Baird in a note issued to investors on Thursday.

A number of other research firms also recently commented on MCFT. BidaskClub upgraded shares of MCBC from a “hold” rating to a “buy” rating in a report on Friday, January 26th. B. Riley reiterated a “buy” rating on shares of MCBC in a report on Monday, January 29th. ValuEngine downgraded shares of MCBC from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research raised shares of MCBC from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. MCBC has an average rating of “Buy” and an average price target of $27.31.

Shares of MCBC (MCFT) opened at $26.32 on Thursday. 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 has a fifty-two week low of $13.94 and a fifty-two week high of $26.75. The company has a market cap of $424.93, a P/E ratio of 24.83, a P/E/G ratio of 0.96 and a beta of 1.25.

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

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of MCBC by 54.7% in the fourth 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 in the last quarter. Vanguard Group Inc. increased its position in shares of 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 acquiring an additional 123,082 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of MCBC by 32.6% in the second quarter. Renaissance Technologies LLC now owns 772,900 shares of the company’s stock worth $15,110,000 after acquiring an additional 189,900 shares in the last quarter. Royce & Associates LP increased its position in shares of MCBC by 18.8% in the fourth 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 in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of MCBC by 7.0% in the third quarter. Wells Fargo & Company MN now owns 529,091 shares of the company’s stock worth $10,783,000 after acquiring an additional 34,401 shares in 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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