Shares of MarineMax Inc (NYSE:HZO) have earned a consensus recommendation of “Buy” from the ten analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $25.70.
A number of analysts recently weighed in on HZO shares. Northcoast Research restated a “buy” rating on shares of MarineMax in a report on Wednesday, July 22nd. Raymond James lifted their target price on MarineMax from $23.50 to $31.50 and gave the stock an “outperform” rating in a report on Friday, July 24th. ValuEngine raised MarineMax from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 22nd. B. Riley reiterated a “buy” rating and issued a $28.00 price target on shares of MarineMax in a research report on Wednesday, July 1st. Finally, Craig Hallum boosted their price objective on MarineMax from $16.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, June 29th.
Shares of HZO stock opened at $25.06 on Friday. The stock has a 50-day simple moving average of $28.70 and a 200 day simple moving average of $20.42. The stock has a market capitalization of $542.00 million, a P/E ratio of 9.91 and a beta of 1.91. MarineMax has a fifty-two week low of $7.24 and a fifty-two week high of $34.06.
MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $1.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.86. The company had revenue of $498.30 million during the quarter, compared to the consensus estimate of $414.69 million. MarineMax had a net margin of 3.93% and a return on equity of 14.68%. MarineMax’s revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.84 EPS. Sell-side analysts expect that MarineMax will post 2.54 EPS for the current year.
In related news, Chairman William H. Mcgill, Jr. sold 71,475 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $23.17, for a total transaction of $1,656,075.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Anthony E. Jr. Cassella sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $23.08, for a total transaction of $173,100.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 192,310 shares of company stock valued at $5,020,777. 4.80% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of HZO. Intrinsic Edge Capital Management LLC purchased a new position in shares of MarineMax during the 2nd quarter valued at $7,165,000. RK Capital Management LLC purchased a new position in MarineMax in the first quarter valued at about $2,835,000. Driehaus Capital Management LLC acquired a new position in MarineMax in the 2nd quarter worth about $6,092,000. Acadian Asset Management LLC increased its position in MarineMax by 13,399.8% in the 1st quarter. Acadian Asset Management LLC now owns 229,361 shares of the specialty retailer’s stock worth $2,388,000 after purchasing an additional 227,662 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of MarineMax by 5.4% during the 1st quarter. BlackRock Inc. now owns 4,010,382 shares of the specialty retailer’s stock worth $41,791,000 after purchasing an additional 204,029 shares in the last quarter.
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.
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