Shares of MarineMax Inc (NYSE:HZO) have earned a consensus recommendation of “Buy” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $22.00.
A number of equities research analysts have commented on the company. CL King upgraded MarineMax from a “neutral” rating to a “buy” rating in a research note on Thursday, January 25th. Northcoast Research set a $26.00 price target on MarineMax and gave the company a “buy” rating in a research note on Wednesday, January 24th. Zacks Investment Research upgraded MarineMax from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Wednesday, January 24th. 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. Finally, TheStreet cut MarineMax from a “b” rating to a “c+” rating in a research note on Friday, January 5th.
Shares of MarineMax (HZO) opened at $21.50 on Tuesday. MarineMax has a 12 month low of $13.80 and a 12 month high of $24.30. The company has a market capitalization of $571.40, a PE ratio of 20.67, a price-to-earnings-growth ratio of 0.48 and a beta of 0.98.
MarineMax (NYSE:HZO) last released its quarterly earnings results on Wednesday, January 24th. The specialty retailer reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.24. MarineMax had a return on equity of 8.63% and a net margin of 2.36%. The company had revenue of $236.92 million during the quarter, compared to analysts’ expectations of $231.75 million. During the same period last year, the business posted $0.11 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. analysts expect that MarineMax will post 1.48 EPS for the current fiscal year.
In related news, EVP Paulee C. Day sold 5,000 shares of MarineMax stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $24.16, for a total transaction of $120,800.00. Following the completion of the transaction, the executive vice president now directly owns 29,675 shares in the company, valued at $716,948. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William H. Mcgill, Jr. sold 5,400 shares of MarineMax stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $22.00, for a total value of $118,800.00. Following the transaction, the chief executive officer now owns 262,142 shares of the company’s stock, valued at $5,767,124. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 105,400 shares of company stock valued at $2,403,250. Company insiders own 4.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its position in MarineMax by 61.7% during the second quarter. Ameriprise Financial Inc. now owns 209,829 shares of the specialty retailer’s stock valued at $4,102,000 after acquiring an additional 80,043 shares in the last quarter. Sei Investments Co. raised its position in MarineMax by 47.3% during the third quarter. Sei Investments Co. now owns 59,824 shares of the specialty retailer’s stock valued at $990,000 after acquiring an additional 19,208 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in MarineMax during the third quarter valued at approximately $4,065,000. Royce & Associates LP raised its position in MarineMax by 1,644.7% during the third quarter. Royce & Associates LP now owns 132,600 shares of the specialty retailer’s stock valued at $2,195,000 after acquiring an additional 125,000 shares in the last quarter. Finally, Impala Asset Management LLC raised its position in MarineMax by 23.1% during the third quarter. Impala Asset Management LLC now owns 2,209,749 shares of the specialty retailer’s stock valued at $36,571,000 after acquiring an additional 413,990 shares in the last quarter. Institutional investors own 87.80% of the company’s stock.
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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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