MarineMax Inc (NYSE:HZO) Director Dean S. Woodman sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $25.97, for a total transaction of $259,700.00. Following the transaction, the director now owns 23,844 shares of the company’s stock, valued at $619,228.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
NYSE HZO opened at $24.46 on Friday. The firm has a market cap of $648.19 million, a P/E ratio of 13.97 and a beta of 0.94. MarineMax Inc has a 1 year low of $16.40 and a 1 year high of $26.11.
MarineMax (NYSE:HZO) last released its quarterly earnings data on Tuesday, October 30th. The specialty retailer reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.22. MarineMax had a net margin of 3.34% and a return on equity of 11.97%. The company had revenue of $308.59 million during the quarter, compared to analysts’ expectations of $273.60 million. During the same quarter in the previous year, the company earned $0.22 earnings per share. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. Equities analysts anticipate that MarineMax Inc will post 1.92 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in MarineMax in the third quarter valued at $128,000. Louisiana State Employees Retirement System purchased a new position in MarineMax in the second quarter valued at $190,000. Trexquant Investment LP purchased a new position in MarineMax in the second quarter valued at $202,000. Globeflex Capital L P purchased a new position in MarineMax in the third quarter valued at $259,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in MarineMax in the second quarter valued at $285,000. 88.95% of the stock is owned by institutional investors.
A number of research firms recently issued reports on HZO. Citigroup boosted their target price on shares of MarineMax from $23.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday. Raymond James boosted their target price on shares of MarineMax from $24.00 to $28.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 31st. Zacks Investment Research downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Wedbush decreased their target price on shares of MarineMax from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, July 27th. Finally, ValuEngine upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $27.00.
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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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