Media coverage about MarineMax (NYSE:HZO) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MarineMax earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the specialty retailer an impact score of 47.6755659189456 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several research firms have weighed in on HZO. CL King began coverage on MarineMax in a report on Monday, November 13th. They issued a “neutral” rating on the stock. B. Riley set a $20.00 target price on MarineMax and gave the company a “buy” rating in a report on Wednesday, November 1st. Citigroup Inc. upped their target price on MarineMax from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, October 2nd. Ifs Securities reissued a “strong-buy” rating and issued a $20.00 target price on shares of MarineMax in a report on Thursday, August 24th. Finally, Craig Hallum set a $21.00 target price on MarineMax and gave the company a “buy” rating in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. MarineMax presently has an average rating of “Buy” and a consensus target price of $21.67.
MarineMax (HZO) traded up $0.45 on Friday, hitting $20.90. The company had a trading volume of 347,122 shares, compared to its average volume of 309,103. The firm has a market capitalization of $536.99, a price-to-earnings ratio of 20.74, a P/E/G ratio of 0.60 and a beta of 0.99. MarineMax has a fifty-two week low of $13.80 and a fifty-two week high of $23.65.
MarineMax (NYSE:HZO) last posted its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. The business had revenue of $250.62 million for the quarter, compared to analyst estimates of $231.96 million. MarineMax had a return on equity of 7.82% and a net margin of 2.24%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 earnings per share. research analysts predict that MarineMax will post 1.16 earnings per share for the current year.
MarineMax announced that its board has approved a share repurchase plan on Wednesday, August 2nd that authorizes the company to buyback 2,000,000 outstanding shares. This buyback authorization authorizes the specialty retailer to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
In other MarineMax news, Chairman William H. Mcgill, Jr. sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $21.03, for a total value of $736,050.00. Following the sale, the chairman now directly owns 281,640 shares of the company’s stock, valued at approximately $5,922,889.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Michael H. Mclamb sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $21.10, for a total value of $211,000.00. Following the completion of the sale, the vice president now directly owns 21,500 shares in the company, valued at $453,650. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,500 shares of company stock worth $1,114,550. Corporate insiders own 5.00% of the company’s stock.
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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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