MCBC (NASDAQ:MCFT) had its target price upped by Robert W. Baird from $38.00 to $42.00 in a research report report published on Tuesday, September 11th. They currently have an outperform rating on the stock.
Several other analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of MCBC from a sell rating to a hold rating in a research note on Saturday, September 1st. ValuEngine cut shares of MCBC from a buy rating to a hold rating in a research note on Wednesday, July 4th. B. Riley boosted their price objective on shares of MCBC from $28.00 to $36.50 and gave the company a buy rating in a research note on Friday, September 7th. BidaskClub raised shares of MCBC from a hold rating to a buy rating in a research note on Friday, May 18th. Finally, SunTrust Banks reissued a hold rating and set a $26.00 price objective on shares of MCBC in a research note on Friday, July 20th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $39.67.
MCFT stock traded down $0.11 during midday trading on Tuesday, hitting $34.14. The stock had a trading volume of 175,387 shares, compared to its average volume of 169,197. The stock has a market capitalization of $671.90 million, a P/E ratio of 16.82, a PEG ratio of 1.01 and a beta of 1.04. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.33 and a current ratio of 0.73. MCBC has a 12-month low of $20.13 and a 12-month high of $39.50.
MCBC (NASDAQ:MCFT) last released its earnings results on Thursday, September 6th. The company reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.15. The firm had revenue of $95.43 million during the quarter, compared to analysts’ expectations of $89.29 million. MCBC had a net margin of 11.92% and a return on equity of 108.42%. MCBC’s revenue for the quarter was up 63.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. Research analysts forecast that MCBC will post 2.38 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of MCFT. Millennium Management LLC lifted its holdings in shares of MCBC by 186.9% during the 1st quarter. Millennium Management LLC now owns 393,045 shares of the company’s stock valued at $9,905,000 after acquiring an additional 256,038 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of MCBC by 212.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 297,377 shares of the company’s stock valued at $7,494,000 after acquiring an additional 202,284 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of MCBC by 14.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,463,800 shares of the company’s stock valued at $42,377,000 after acquiring an additional 187,200 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of MCBC by 42.9% during the 2nd quarter. Wells Fargo & Company MN now owns 598,381 shares of the company’s stock valued at $17,324,000 after acquiring an additional 179,691 shares in the last quarter. Finally, Columbus Circle Investors acquired a new position in shares of MCBC during the 1st quarter valued at $4,131,000. Institutional investors and hedge funds own 93.79% of the company’s stock.
MCBC Holdings, Inc, through its subsidiaries, innovates, designs, manufactures, and markets sport boats and outboard boats in North America and internationally. The company's boats are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating. It also provides various accessories, such as trailers and aftermarket parts.
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