State Street Corp increased its holdings in shares of MarineMax Inc (NYSE:HZO) by 10.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 787,188 shares of the specialty retailer’s stock after acquiring an additional 75,570 shares during the period. State Street Corp owned approximately 3.66% of MarineMax worth $8,202,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. BlackRock Inc. grew its position 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 valued at $41,791,000 after acquiring an additional 204,029 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in MarineMax in the 1st quarter valued at about $3,518,000. Morgan Stanley lifted its stake in MarineMax by 5.5% in the 1st quarter. Morgan Stanley now owns 337,015 shares of the specialty retailer’s stock valued at $3,512,000 after buying an additional 17,462 shares in the last quarter. Geode Capital Management LLC lifted its stake in MarineMax by 2.9% in the 1st quarter. Geode Capital Management LLC now owns 296,209 shares of the specialty retailer’s stock valued at $3,086,000 after buying an additional 8,240 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in MarineMax by 0.5% in the 4th quarter. Bank of New York Mellon Corp now owns 289,452 shares of the specialty retailer’s stock valued at $4,830,000 after buying an additional 1,575 shares in the last quarter. Hedge funds and other institutional investors own 83.16% of the company’s stock.
In other news, CAO Anthony E. Jr. Cassella sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $23.08, for a total transaction of $173,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman William H. Mcgill, Jr. sold 71,475 shares of MarineMax 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 disclosure for this sale can be found here. Insiders have sold a total of 168,611 shares of company stock valued at $4,149,755 in the last 90 days. Insiders own 4.40% of the company’s stock.
HZO opened at $27.74 on Friday. The company’s 50 day simple moving average is $23.56 and its two-hundred day simple moving average is $17.74. The firm has a market capitalization of $600.02 million, a price-to-earnings ratio of 10.96 and a beta of 1.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.77 and a quick ratio of 0.62. MarineMax Inc has a 1-year low of $7.24 and a 1-year high of $30.45.
MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.86. The business 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%. The business’s revenue was up 29.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 EPS. On average, equities analysts anticipate that MarineMax Inc will post 2.54 earnings per share for the current fiscal year.
HZO has been the topic of a number of research reports. TheStreet raised shares of MarineMax from a “c+” rating to a “b-” rating in a research note on Monday, July 20th. SunTrust Banks raised their price target on shares of MarineMax from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Northcoast Research reissued a “buy” rating on shares of MarineMax in a research note on Wednesday, July 22nd. Raymond James raised their target price on shares of MarineMax from $23.50 to $31.50 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, B. Riley reissued a “buy” rating and issued a $28.00 target price on shares of MarineMax in a research note on Wednesday, July 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. MarineMax has a consensus rating of “Buy” and an average target price of $24.30.
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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