Shares of MarineMax Inc (NYSE:HZO) have been given an average rating of “Buy” by the ten analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $22.00.
A number of research analysts recently commented on HZO shares. CL King upgraded shares of MarineMax from a “neutral” rating to a “buy” rating in a research note on Thursday, January 25th. TheStreet upgraded shares of MarineMax from a “c+” rating to a “b” rating in a research note on Thursday, December 7th. Zacks Investment Research upgraded shares of MarineMax from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Wednesday, January 24th. Northcoast Research set a $26.00 price target on shares of MarineMax and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, B. Riley reiterated a “buy” rating and issued a $22.00 price target on shares of MarineMax in a research note on Monday, January 22nd.
In other MarineMax news, Chairman William H. Mcgill, Jr. sold 50,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $23.60, for a total transaction of $1,180,000.00. Following the transaction, the chairman now owns 231,742 shares in the company, valued at approximately $5,469,111.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph Allen Watters sold 2,500 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $21.20, for a total transaction of $53,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,500 shares of company stock worth $1,566,400. Company insiders own 4.40% of the company’s stock.
Large investors have recently made changes to their positions in the business. Boothbay Fund Management LLC acquired a new position in shares of MarineMax during the 3rd quarter worth approximately $182,000. Landscape Capital Management L.L.C. acquired a new position in shares of MarineMax during the 4th quarter worth approximately $192,000. Louisiana State Employees Retirement System acquired a new position in shares of MarineMax during the 4th quarter worth approximately $193,000. BNP Paribas Arbitrage SA grew its position in shares of MarineMax by 69.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 12,442 shares of the specialty retailer’s stock worth $206,000 after purchasing an additional 5,094 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of MarineMax during the 3rd quarter worth approximately $232,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.
MarineMax (NYSE:HZO) traded down $0.30 during trading on Friday, hitting $20.30. 112,128 shares of the stock traded hands, compared to its average volume of 347,818. The firm has a market cap of $550.14, a price-to-earnings ratio of 19.66, a PEG ratio of 0.47 and a beta of 1.04. MarineMax has a one year low of $13.80 and a one year high of $24.30.
MarineMax (NYSE:HZO) last announced its quarterly earnings results on Wednesday, January 24th. The specialty retailer reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.24. MarineMax had a net margin of 2.36% and a return on equity of 8.63%. The business had revenue of $236.92 million for the quarter, compared to analyst estimates of $231.75 million. During the same quarter in the prior year, the business earned $0.11 EPS. MarineMax’s quarterly revenue was up 4.4% on a year-over-year basis. equities research analysts predict that MarineMax will post 1.48 EPS for the current year.
MarineMax Company Profile
MarineMax, Inc is a recreational boat and yacht dealer in the United States. Through 56 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas, the Company sold new and used recreational boats, including pleasure and fishing boats, as of September 30, 2016.
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