MarineMax, Inc. (NYSE:HZO – Get Rating) has earned an average recommendation of “Moderate Buy” from the seven brokerages that currently cover the company, Marketbeat Ratings reports. Two research analysts rated the stock with a hold recommendation and four gave the company a buy recommendation. The 12-month average target price among brokers who updated their coverage on the stock in the past year is $51.60.
Several research companies have recently weighed in on HZO. Northcoast Research reaffirmed a “buy” rating on MarineMax shares in a Tuesday, May 17 research report. B. Riley downgraded MarineMax from a “buy” rating to a “neutral” rating and lowered its price target for the stock from $84.00 to $44.00 in a Tuesday, June 21 research note .
MarineMax is trading down 3.0%
NYSE HZO opened at $40.34 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.78 and a debt ratio of 0.06. MarineMax has a 12-month low of $35.10 and a 12-month high of $61.06. The company has a market capitalization of $868.68 million, a PE ratio of 4.70 and a beta of 1.61. The stock’s 50-day moving average is $39.66 and its 200-day moving average is $41.43.
MarineMax (NYSE:HZO – Get Rating) last released its quarterly results on Thursday, July 28. The specialty retailer reported earnings per share of $3.17 for the quarter, beating the consensus estimate of $3.08 by $0.09. MarineMax had a return on equity of 29.10% and a net margin of 8.62%. The company posted revenue of $688.50 million for the quarter, versus analyst estimates of $768.21 million. In the same period a year earlier, the company posted earnings per share of $2.59. The company’s revenue increased 3.3% year-over-year. Research analysts expect MarineMax to post earnings per share of 8.29 for the current fiscal year.
Insider Activity at MarineMax
Separately, director Joseph Allen Watters sold 10,000 shares of the company in a trade on Tuesday, August 16. The stock was sold at an average price of $42.45, for a total transaction of $424,500.00. Following the completion of the sale, the administrator now owns 89,410 shares of the company, valued at $3,795,454.50. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. 2.60% of the shares are held by insiders of the company.
MarineMax Institutional Trading
Hedge funds and other institutional investors have recently been buying and selling stocks. Pacer Advisors Inc. bought a new position in shares of MarineMax in the first quarter for a value of approximately $12,296,000. Victory Capital Management Inc. increased its stake in MarineMax shares by 276.7% in the first quarter. Victory Capital Management Inc. now owns 283,925 shares of the specialty retailer worth $11,578,000 after acquiring an additional 208,545 shares during the period. Millennium Management LLC increased its stake in MarineMax shares by 57.4% in the fourth quarter. Millennium Management LLC now owns 464,444 shares of the specialty retailer worth $27,421,000 after acquiring an additional 169,288 shares during the period. Lawson Kroeker Investment Management Inc. NE bought a new position in MarineMax stock in the second quarter worth approximately $4,685,000. Finally, Cubist Systematic Strategies LLC increased its stake in MarineMax shares by 279.5% in the second quarter. Cubist Systematic Strategies LLC now owns 153,142 shares of the specialty retailer worth $5,531,000 after acquiring an additional 112,792 shares during the period. Hedge funds and other institutional investors own 97.68% of the company’s shares.
Marine Max Company Profile
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MarineMax, Inc operates as a pleasure boat and yacht retailer and superyacht service company in the United States. It operates through two segments, Retail Operations and Product Manufacturing. The Company sells new and used pleasure boats, including pleasure and fishing boats, mega-yachts, yachts, sports cruisers, motor yachts, pontoon boats, ski boats, jets and other pleasure craft.
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