MCFT

Analyst Coverage: Eric Wold from Texas Capital Securities has initiated coverage of MasterCraft Boat Holdings with a Hold rating and a price target of $17.00, while the stock closed at $15.80. The general analyst consensus also suggests a Hold rating with an average price target of $20.75.

Insider Activity: Recent corporate insider activity indicates positive sentiment towards MasterCraft, with insiders increasing their share purchases, including CEO Bradley Nelson buying 5,000 shares for $83,600.

Texas Capital's Rating on MasterCraft: Texas Capital has initiated coverage of MasterCraft Boat (MCFT) with a Hold rating and a price target of $17, citing the need for continued inventory destocking which may delay production restarts and negatively impact financial results.

Management Changes at MasterCraft: MasterCraft has appointed Scott Kent as the new CFO following Tim Oxley's retirement, amidst ongoing strategic transitions within the company.

CFO Retirement Announcement: Tim Oxley, Chief Financial Officer of MasterCraft Boat Holdings, Inc., will retire on December 31, 2025, with Scott Kent set to succeed him as CFO starting July 1, 2025. Oxley will assist in the transition until his retirement.

Leadership Transition and Company Outlook: Scott Kent, who has extensive experience in the marine industry, is expected to drive value creation for MasterCraft as the company prepares for market recovery, reflecting confidence in its strategic direction and leadership.

Analyst Downgrades: Citigroup downgraded Nordstrom and Eastman Chemical, while Baird cut price targets for BRP Inc., LCI Industries, and MasterCraft Boat Holdings, reflecting a generally negative outlook on these stocks.

Analyst Upgrades: Barclays upgraded ADT Inc. and Rosenblatt upgraded Coherent Corp., indicating some positive sentiment in the market despite the overall downgrades.

Leadership Change at MasterCraft: Mike O'Connell has been appointed as President of the Pontoon Segment at MasterCraft Boat Holdings, succeeding George Steinbarger, who has left the company. O'Connell brings nearly 40 years of marine industry experience to the role.

Company Outlook and Strategy: MasterCraft aims to leverage its Crest and Balise brands for growth in the upcoming summer selling season, with O'Connell expressing enthusiasm for leading the Pontoon segment during a challenging retail environment.

Price Target Adjustment: B. Riley has raised the price target for MasterCraft Boat (MCFT) from $18 to $19 while maintaining a Neutral rating, reflecting improved sentiment despite ongoing demand challenges in the marine sector.

Investment Insights: The firm is cautious about the marine industry but is looking for opportunities to become more positive as demand visibility improves, encouraging investors to leverage data-driven tools for informed decisions.

New Dealer Partnership: MasterCraft Boat Company has partnered with Action Water Sports to become the authorized dealer in the Dallas-Fort Worth area, enhancing local access to their high-performance towboats and superior customer service.

Commitment to Quality: This collaboration aims to provide Dallas-area boaters with exceptional boating experiences through on-water demos and comprehensive support, reinforcing MasterCraft's position as a leading brand in the towboat market.

MasterCraft Dealer Announcement: MasterCraft Boat Company has appointed Action Water Sports as its latest authorized dealer in the Dallas-Fort Worth area.

Financial Insights: TipRanks offers a Smart Score tool to assist investors in identifying high-performing stocks and tracking their investments against Wall Street analysts' recommendations.

Analyst Rating and Price Target: Truist Financial analyst Michael Swartz has maintained a Hold rating on MasterCraft Boat Holdings (MCFT) with a price target of $22.00, while the stock closed at $21.18. The overall analyst consensus for MCFT is also a Hold, with an average price target of $21.00.

Company Performance and Insider Activity: MasterCraft reported a quarterly revenue of $63.37 million and a net profit of $2.75 million, down from last year's figures. Positive insider sentiment is noted, with recent purchases by insiders indicating confidence in the stock's future performance.

Financial Performance: MasterCraft Boat Holdings reported a 29.4% decline in net sales for Q2 fiscal 2025, totaling $63.4 million, with income from continuing operations at $0.4 million compared to $8.7 million in the previous year. Adjusted EBITDA also decreased significantly to $3.5 million from $12.9 million.

Future Outlook: The company has narrowed its full-year guidance, expecting consolidated net sales between $275 million and $295 million, driven by strong demand for its new XStar lineup, while maintaining a focus on strategic growth initiatives and share repurchase programs.

Earnings Performance: MasterCraft Boat Holdings reported Q2 2025 net sales of $63.4 million, a decline due to lower production volumes, but exceeded expectations with strong demand for the new XStar product line and effective inventory management.

Future Outlook: The company narrowed its fiscal 2025 guidance, projecting improved performance in the second half of the year driven by increased XStar production and strategic initiatives, despite facing challenges such as elevated dealer inventories and macroeconomic uncertainties.

MasterCraft's New Flagship Model: MasterCraft Boat Company will unveil its redesigned XStar model at the Barrett-Jackson Auction in Scottsdale, Arizona, showcasing both a 23-foot and an all-new 25-foot version, alongside a new partnership with Chevrolet featuring the Silverado as the "Official Truck & Tow Vehicle."

Innovative Features of the XStar: The XStar lineup boasts significant upgrades including the MAAX audio system, a redesigned helm, and the powerful Ilmor Supercharged 6.2L engine, promising enhanced performance and luxury for boating enthusiasts.

Paramount Global and Gamco Investors: Gamco Investors increased its stake in Paramount Global to 11.7% while raising concerns about the fairness of a merger with Skydance, urging the board to consider a competing cash offer. Shares have dropped over 25% since the start of 2024.

FIGS and Bamco's Opposition: Bamco transitioned to an activist investor role by filing a 13D and opposing FIGS' proposed buyout by Story3 Capital Partners, arguing it would negatively impact growth and quality. Bamco now holds a 19.1% stake in FIGS, with shares down approximately 12.1% in 2024.

New XStar Models Launch: MasterCraft Boat Company has unveiled the all-new 23-foot and 25-foot XStar models, featuring a complete redesign that includes advanced audio systems, a new Z100 tower, luxurious interiors, and a supercharged engine, setting a new standard for performance and innovation in towboats.

Enhanced Technology and Comfort: The XStar lineup introduces cutting-edge technology such as a 4-Camera Visibility System and customizable audio zones, alongside sophisticated design elements and practical features aimed at providing an unparalleled on-water experience.

Recent Insider Trading Activity: Capital Management, LLC Coliseum increased its stake in $MCFT by purchasing 53,853 shares, bringing their total ownership to 3,426,523 shares. In the past six months, insiders have made three purchases of $MCFT stock with no sales reported.

Institutional Investor Movements: In the latest quarter, 51 institutional investors added shares of $MCFT to their portfolios while 56 reduced their positions, indicating mixed sentiment among institutional stakeholders.

U.S. Stock Market Trends: U.S. stock futures are down, with the Dow futures dropping over 50 points; several companies, including Axsome Therapeutics and Intchains Group, saw significant pre-market declines in their share prices.

Notable Stock Movements: Axsome Therapeutics shares fell 8.9% after Phase 3 clinical results for AXS-05, while other stocks like MRC Global and Tesla also experienced notable decreases ahead of upcoming earnings reports and program changes.

Partnership Announcement: MasterCraft Boat Company has partnered with General Motors, naming the Chevrolet Silverado as its "Official Truck & Tow Vehicle" for 2025, enhancing brand presence and customer engagement through various events and initiatives.

Engine Technology Collaboration: The partnership emphasizes shared engineering between MasterCraft boats and Chevrolet Silverado, featuring a marine-adapted version of the 5.3L GDI HO engine that showcases advanced performance and reliability for both land and water activities.

Exclusive Partnership Announcement: MasterCraft Boat Company has partnered with General Motors, naming Chevrolet Silverado as its "Official Truck & Tow Vehicle" for 2025, enhancing brand presence and customer engagement through various events and initiatives.

Shared Commitment to Innovation: The collaboration emphasizes advanced engineering and performance, particularly through the integration of GM's marine technology in MasterCraft boats, showcasing a seamless connection between land and water vehicles.

Growth of Electric Boat Market: The Global Electric Boat market is projected to grow significantly from USD 7.96 billion in 2024 to USD 20.22 billion by 2032, driven by consumer demand for eco-friendly transportation and advancements in battery technology.

Vision Marine Technologies Partnership: Vision Marine Technologies has partnered with Smoker Craft Inc. to produce innovative electric pontoons, aiming to enhance the electric boating experience and meet increasing market demand for sustainable marine solutions.

Electric Boat Market Growth: The Global Electric Boat market is projected to grow significantly, from approximately USD 7.96 billion in 2024 to USD 20.22 billion by 2032, driven by increasing demand for eco-friendly transportation and advancements in battery technology.

Vision Marine Technologies Partnership: Vision Marine Technologies has partnered with Smoker Craft Inc. to produce high-performance electric pontoons, aiming to meet rising market demand and enhance the electric boating experience for commercial and rental operations.