New insider activity at MasterCraft Boat Holdings ( (MCFT) ) has taken place on April 18, 2025.
Significant shareholder Forager Fund, L.P. has made a notable acquisition by purchasing 27,246 shares of MasterCraft Boat Holdings stock, valued at $422,839.
Recent Updates on MCFT stock
In the past 24 hours, MasterCraft Boat Holdings has experienced notable developments impacting its stock. Truist lowered its price target for MasterCraft from $22 to $16, maintaining a Hold rating due to ongoing tariff concerns and macroeconomic uncertainties affecting the Recreation & Leisure sector. The firm highlighted potential further downside if a deeper consumer downturn occurs. Meanwhile, Texas Capital initiated coverage with a Hold rating and a $17 price target, citing the need for continued inventory destocking and risks from the pontoon segment affecting financial results. Additionally, MasterCraft announced the retirement of CFO Tim Oxley, with Scott Kent set to succeed him, reflecting strategic succession planning to support growth and shareholder value. Despite these changes, MasterCraft’s stock shows financial stability but faces challenges in profitability and sales, with technical indicators suggesting neutral momentum.
Spark’s Take on MCFT Stock
According to Spark, TipRanks’ AI Analyst, MCFT is a Neutral.
MasterCraft Boat Holdings faces key challenges, including declining revenue and profitability, as well as a negative P/E ratio, reflecting financial and operational inefficiencies. Despite a strong balance sheet with zero debt, the stock is under technical pressure with a bearish trend. The absence of dividend yield also impacts the stock’s valuation negatively. The company’s ability to address these issues and leverage its strong balance sheet will be crucial for future performance.
To see Spark’s full report on MCFT stock, click here.
More about MasterCraft Boat Holdings
YTD Price Performance: -16.68%
Average Trading Volume: 89,699
Technical Sentiment Signal: Buy
Current Market Cap: $254.1M