MarineMax Inc (NYSE:HZO) has been assigned a consensus rating of “Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $27.57.
Several equities research analysts have issued reports on the company. Citigroup increased their price target on MarineMax from $23.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, November 6th. B. Riley set a $30.00 price target on MarineMax and gave the stock a “buy” rating in a report on Monday, December 3rd. Raymond James increased their price target on MarineMax from $24.00 to $28.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 31st. ValuEngine downgraded MarineMax from a “hold” rating to a “sell” rating in a report on Friday, December 21st. Finally, TheStreet downgraded MarineMax from a “b” rating to a “c+” rating in a report on Wednesday, December 26th.
In other news, VP Michael H. Mclamb sold 60,000 shares of the company’s stock in a transaction dated 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 transaction, the vice president now directly owns 151,818 shares of the company’s stock, valued at $3,636,041.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Charles A. Cashman sold 6,000 shares of the company’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $24.84, for a total value of $149,040.00. The disclosure for this sale can be found here. Insiders have sold 142,800 shares of company stock valued at $3,492,588 over the last ninety days. 4.40% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC acquired a new position in MarineMax during the second quarter valued at approximately $2,626,000. WINTON GROUP Ltd boosted its position in MarineMax by 75.5% during the second quarter. WINTON GROUP Ltd now owns 458,925 shares of the specialty retailer’s stock valued at $8,697,000 after purchasing an additional 197,449 shares during the last quarter. Pacer Advisors Inc. acquired a new position in MarineMax during the third quarter valued at approximately $105,000. Eagle Asset Management Inc. boosted its position in MarineMax by 4.1% during the third quarter. Eagle Asset Management Inc. now owns 2,895,645 shares of the specialty retailer’s stock valued at $61,532,000 after purchasing an additional 113,830 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in MarineMax by 21.9% during the third quarter. Prudential Financial Inc. now owns 46,004 shares of the specialty retailer’s stock valued at $978,000 after purchasing an additional 8,260 shares during the last quarter. 90.08% of the stock is owned by hedge funds and other institutional investors.
NYSE HZO opened at $20.73 on Friday. The stock has a market capitalization of $573.66 million, a P/E ratio of 12.19 and a beta of 1.00. MarineMax has a 12 month low of $16.40 and a 12 month high of $26.11.
MarineMax (NYSE:HZO) last released its quarterly earnings data on Tuesday, October 30th. The specialty retailer reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.22. MarineMax had a return on equity of 11.97% and a net margin of 3.34%. The business had revenue of $308.59 million during the quarter, compared to the consensus estimate of $273.60 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The firm’s revenue was up 23.1% on a year-over-year basis. On average, equities analysts expect that MarineMax will post 1.92 EPS for the current fiscal year.
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.
See Also: Liquidity
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