Ifs Securities reiterated their buy rating on shares of MarineMax (NYSE:HZO) in a research report report published on Tuesday. The brokerage currently has a $31.00 price objective on the specialty retailer’s stock.
Several other research analysts have also weighed in on the company. Zacks Investment Research raised MarineMax from a hold rating to a buy rating and set a $23.00 price target on the stock in a research report on Thursday, October 18th. Citigroup dropped their price target on MarineMax from $28.00 to $23.00 and set a buy rating on the stock in a research report on Wednesday, August 15th. Wedbush dropped their price target on MarineMax from $24.00 to $21.00 and set a neutral rating on the stock in a research report on Friday, July 27th. B. Riley raised MarineMax from a neutral rating to a buy rating and upped their price target for the company from $23.50 to $27.00 in a research report on Friday, July 27th. Finally, ValuEngine raised MarineMax from a sell rating to a hold rating in a research report on Thursday, July 19th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $26.00.
Shares of NYSE HZO opened at $24.84 on Tuesday. MarineMax has a 12 month low of $16.40 and a 12 month high of $25.14. The firm has a market cap of $614.19 million, a PE ratio of 13.23 and a beta of 0.94.
MarineMax (NYSE:HZO) last announced its earnings results on Tuesday, October 30th. The specialty retailer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.23 by $0.22. The business had revenue of $308.59 million during the quarter, compared to the consensus estimate of $273.60 million. MarineMax had a return on equity of 11.97% and a net margin of 3.34%. MarineMax’s revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 earnings per share. As a group, sell-side analysts anticipate that MarineMax will post 1.92 EPS for the current year.
In other MarineMax news, Director Joseph Allen Watters sold 2,500 shares of the company’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $21.17, for a total value of $52,925.00. Following the transaction, the director now directly owns 62,413 shares of the company’s stock, valued at approximately $1,321,283.21. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.00% of the company’s stock.
Hedge funds have recently modified their holdings of the business. WINTON GROUP Ltd increased its position in MarineMax by 75.5% in the 2nd quarter. WINTON GROUP Ltd now owns 458,925 shares of the specialty retailer’s stock worth $8,697,000 after purchasing an additional 197,449 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of MarineMax by 121.8% during the 2nd quarter. Citadel Advisors LLC now owns 100,684 shares of the specialty retailer’s stock valued at $1,908,000 after acquiring an additional 55,293 shares during the last quarter. Hodges Capital Management Inc. increased its holdings in shares of MarineMax by 21.9% during the 2nd quarter. Hodges Capital Management Inc. now owns 128,000 shares of the specialty retailer’s stock valued at $2,426,000 after acquiring an additional 23,000 shares during the last quarter. Millennium Management LLC acquired a new position in shares of MarineMax during the 2nd quarter valued at about $2,626,000. Finally, Swiss National Bank increased its holdings in shares of MarineMax by 13.9% during the 2nd quarter. Swiss National Bank now owns 48,400 shares of the specialty retailer’s stock valued at $917,000 after acquiring an additional 5,900 shares during the last quarter. 89.20% of the stock is currently owned by institutional investors.
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; motor yachts; convertible yachts; pleasure boats; pontoon boats; fishing boats; ski boats; and jet boats.
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