MCBC Holdings Inc (MCFT) is Reiterated by Wunderlich to Buy, Lowers Price Target to $ 18

MCBC Holdings Inc (MCFT) was Reiterated by Wunderlich to “Buy” while Lowering the Price Target of the company shares to $ 18 from a previous price target of $20 . Wunderlich advised their investors in a research report released on May 27, 2016.

On the company’s financial health, MCBC Holdings Inc reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.28. The company had revenue of $57.00 million for the quarter, compared to analysts expectations of $55.66 million. The company’s revenue was up 5.0% compared to the same quarter last year.

MCBC Holdings Inc opened for trading at $13.05 and hit $13.49 on the upside on Wednesday, eventually ending the session at $13.29, with a gain of 2.07% or 0.27 points. The heightened volatility saw the trading volume jump to 26,688 shares. Company has a market cap of $247 M.

In a different news, on Feb 23, 2016, Timothy M. Oxley (Chief Financial Officer) sold 44,642 shares at $11.37 per share price. According to the SEC, on Feb 23, 2016, Terry D. Mcnew (President & CEO) sold 244,276 shares at $11.37 per share price. On Feb 12, 2016, Shane Chittum (Chief Operating Officer) sold 10,033 shares at $11.48 per share price, according to the Form-4 filing with the securities and exchange commission.

MCBC Holdings Inc. (MCBC) is a holding company. The Company through its wholly owned subsidiaries is engaged in designing manufacturing and marketing of sport boats. The Company also designs and manufactures inboard tournament ski boats and V-drive runabouts. It has dealers in over 40 countries around the world. The Company’s MasterCraft product brand consists of recreational boats which are used for water skiing wakeboarding and wake surfing and general recreational boating. In addition the Company offers various accessories including trailers and aftermarket parts. Its MasterCraft brands’ portfolio consists of Star Series XSeries and NXT boats. Its Star Series product line consists of ProStar and XStar models. The Company’s wholly owned subsidiaries include MasterCraft Boat Company LLC MCBC Hydra Boats LLC MasterCraft Services Inc. MasterCraft Parts Limited and MasterCraft International Sales Administration Inc.

MCBC Holdings Inc

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