MarineMax, Inc. (NYSE:HZO) – B. Riley increased their Q1 2021 EPS estimates for MarineMax in a research note issued on Tuesday, January 12th. B. Riley analyst E. Wold now forecasts that the specialty retailer will post earnings per share of $0.70 for the quarter, up from their prior estimate of $0.54. B. Riley currently has a “Buy” rating and a $45.00 price target on the stock. B. Riley also issued estimates for MarineMax’s Q1 2022 earnings at $0.71 EPS, Q3 2022 earnings at $1.69 EPS and Q4 2022 earnings at $1.13 EPS.
HZO has been the topic of several other research reports. Wolfe Research initiated coverage on MarineMax in a research report on Tuesday, September 22nd. They set an “outperform” rating and a $29.00 target price on the stock. Raymond James increased their target price on MarineMax from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, January 4th. BidaskClub upgraded MarineMax from a “hold” rating to a “buy” rating in a research report on Thursday, January 7th. Zacks Investment Research upgraded MarineMax from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Wednesday. Finally, ValuEngine downgraded MarineMax from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 1st. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.67.
MarineMax (NYSE:HZO) last issued its earnings results on Wednesday, October 28th. The specialty retailer reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.78. MarineMax had a return on equity of 18.47% and a net margin of 4.94%. The business had revenue of $398.80 million during the quarter, compared to analysts’ expectations of $347.53 million. During the same quarter in the previous year, the business earned $0.38 EPS. The company’s revenue for the quarter was up 29.5% on a year-over-year basis.
In related news, Chairman William H. Mcgill, Jr. sold 25,888 shares of MarineMax stock in a transaction dated Wednesday, November 18th. The shares were sold at an average price of $34.40, for a total transaction of $890,547.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles R. Oglesby sold 25,000 shares of MarineMax stock in a transaction dated Monday, December 28th. The shares were sold at an average price of $38.78, for a total transaction of $969,500.00. Following the sale, the director now owns 12,838 shares in the company, valued at $497,857.64. The disclosure for this sale can be found here. Insiders have sold 98,183 shares of company stock valued at $3,509,232 in the last three months. Corporate insiders own 4.80% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC bought a new position in shares of MarineMax in the 3rd quarter valued at $1,601,000. First Trust Advisors LP bought a new position in shares of MarineMax during the third quarter worth about $745,000. Sei Investments Co. grew its position in shares of MarineMax by 187.8% during the third quarter. Sei Investments Co. now owns 114,030 shares of the specialty retailer’s stock worth $2,927,000 after acquiring an additional 74,407 shares during the last quarter. Jane Street Group LLC bought a new position in shares of MarineMax during the second quarter worth about $313,000. Finally, Voloridge Investment Management LLC bought a new position in shares of MarineMax during the third quarter worth about $2,135,000.
MarineMax Company Profile
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, boats, and sport cruisers; mega-yachts, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.
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