MarineMax Inc (NYSE:HZO) VP Michael H. Mclamb sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $23.95, for a total transaction of $1,437,000.00. Following the completion of the sale, the vice president now owns 151,818 shares of the company’s stock, valued at $3,636,041.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of HZO traded up $1.01 during mid-day trading on Monday, reaching $25.85. The company’s stock had a trading volume of 519,795 shares, compared to its average volume of 313,257. The firm has a market cap of $670.32 million, a price-to-earnings ratio of 15.21 and a beta of 0.94. MarineMax Inc has a 52 week low of $16.40 and a 52 week high of $25.90.
MarineMax (NYSE:HZO) last announced its quarterly earnings data on Tuesday, October 30th. The specialty retailer reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.22. MarineMax had a net margin of 3.34% and a return on equity of 11.97%. The firm had revenue of $308.59 million during the quarter, compared to analyst estimates of $273.60 million. During the same period in the previous year, the business posted $0.22 EPS. The business’s quarterly revenue was up 23.1% on a year-over-year basis. Equities research analysts forecast that MarineMax Inc will post 1.92 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of HZO. JPMorgan Chase & Co. increased its stake in shares of MarineMax by 142.4% in the first quarter. JPMorgan Chase & Co. now owns 88,404 shares of the specialty retailer’s stock worth $1,720,000 after buying an additional 51,941 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of MarineMax in the second quarter worth $190,000. Janney Montgomery Scott LLC increased its stake in shares of MarineMax by 12.3% in the second quarter. Janney Montgomery Scott LLC now owns 33,984 shares of the specialty retailer’s stock worth $644,000 after buying an additional 3,722 shares during the period. Hodges Capital Management Inc. increased its stake in shares of MarineMax by 21.9% in the second quarter. Hodges Capital Management Inc. now owns 128,000 shares of the specialty retailer’s stock worth $2,426,000 after buying an additional 23,000 shares during the period. Finally, Algert Global LLC purchased a new position in shares of MarineMax in the second quarter worth $734,000. 88.95% of the stock is currently owned by institutional investors.
HZO has been the subject of a number of recent research reports. CL King lowered shares of MarineMax from a “buy” rating to a “neutral” rating in a report on Wednesday, October 31st. Citigroup lowered their price objective on shares of MarineMax from $28.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, August 15th. Ifs Securities restated a “buy” rating and issued a $31.00 price objective on shares of MarineMax in a report on Tuesday, October 30th. ValuEngine upgraded shares of MarineMax from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Finally, B. Riley upgraded shares of MarineMax from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $23.50 to $27.00 in a report on Friday, July 27th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $26.00.
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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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