MarineMax Inc (NYSE:HZO) Chairman William H. Mcgill, Jr. sold 10,322 shares of MarineMax stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $30.07, for a total value of $310,382.54. Following the transaction, the chairman now owns 319,093 shares of the company’s stock, valued at approximately $9,595,126.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
William H. Mcgill, Jr. also recently made the following trade(s):
- On Thursday, July 2nd, William H. Mcgill, Jr. sold 71,475 shares of MarineMax stock. The stock was sold at an average price of $23.17, for a total value of $1,656,075.75.
NYSE HZO opened at $27.74 on Friday. The company has a current ratio of 1.77, a quick ratio of 0.62 and a debt-to-equity ratio of 0.08. MarineMax Inc has a 1-year low of $7.24 and a 1-year high of $30.45. The company has a 50 day moving average of $23.56 and a 200-day moving average of $17.74. The company has a market cap of $600.02 million, a price-to-earnings ratio of 10.96 and a beta of 1.85.
MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.86. MarineMax had a net margin of 3.93% and a return on equity of 14.68%. The company had revenue of $498.30 million during the quarter, compared to the consensus estimate of $414.69 million. During the same period in the previous year, the business earned $0.84 earnings per share. The firm’s quarterly revenue was up 29.9% on a year-over-year basis. On average, equities research analysts forecast that MarineMax Inc will post 2.54 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comerica Bank grew its stake in shares of MarineMax by 8.2% in the second quarter. Comerica Bank now owns 22,511 shares of the specialty retailer’s stock worth $626,000 after purchasing an additional 1,698 shares during the last quarter. Vivid Financial Management Inc. bought a new stake in shares of MarineMax in the second quarter worth $346,000. UBS Group AG grew its stake in shares of MarineMax by 1,280.3% in the second quarter. UBS Group AG now owns 7,274 shares of the specialty retailer’s stock worth $163,000 after purchasing an additional 6,747 shares during the last quarter. Mackay Shields LLC grew its stake in shares of MarineMax by 15.8% in the second quarter. Mackay Shields LLC now owns 71,100 shares of the specialty retailer’s stock worth $1,592,000 after purchasing an additional 9,700 shares during the last quarter. Finally, Peregrine Capital Management LLC grew its stake in shares of MarineMax by 1.5% in the second quarter. Peregrine Capital Management LLC now owns 315,878 shares of the specialty retailer’s stock worth $7,073,000 after purchasing an additional 4,531 shares during the last quarter. Institutional investors own 83.16% of the company’s stock.
A number of equities research analysts have recently issued reports on the company. Raymond James boosted their price objective on MarineMax from $23.50 to $31.50 and gave the stock an “outperform” rating in a report on Friday, July 24th. ValuEngine upgraded MarineMax from a “strong sell” rating to a “sell” rating in a report on Thursday, July 23rd. B. Riley restated a “buy” rating and set a $28.00 price objective on shares of MarineMax in a report on Wednesday, July 1st. Craig Hallum boosted their price objective on MarineMax from $16.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Finally, Zacks Investment Research upgraded MarineMax from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Wednesday, June 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $24.30.
MarineMax Company Profile
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.
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