West Marine Inc. (NASDAQ:WMAR) – Equities researchers at B. Riley raised their Q3 2017 earnings per share (EPS) estimates for shares of West Marine in a research report issued on Tuesday. B. Riley analyst J. Baker now expects that the brokerage will post earnings of $0.19 per share for the quarter, up from their prior forecast of $0.18. B. Riley has a “Buy” rating and a $10.00 price target on the stock.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of West Marine from a “sell” rating to a “hold” rating in a report on Tuesday. Forward View reissued a “hold” rating on shares of West Marine in a research report on Friday, July 22nd. Finally, Sidoti downgraded shares of West Marine from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $9.30 to $9.00 in a research report on Thursday, September 8th.
West Marine (NASDAQ:WMAR) opened at 8.25 on Thursday. West Marine has a 12-month low of $7.70 and a 12-month high of $10.39. The company has a 50-day moving average price of $9.03 and a 200-day moving average price of $9.10. The firm has a market capitalization of $205.75 million, a PE ratio of 32.61 and a beta of 1.38.
West Marine (NASDAQ:WMAR) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by $0.06. West Marine had a net margin of 0.89% and a return on equity of 2.08%. The business earned $251.60 million during the quarter, compared to analyst estimates of $254.39 million. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s revenue was down .6% on a year-over-year basis.
Several large investors have recently added to or reduced their stakes in WMAR. Foundry Partners LLC increased its stake in shares of West Marine by 8.1% in the third quarter. Foundry Partners LLC now owns 137,345 shares of the company’s stock worth $1,136,000 after buying an additional 10,320 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of West Marine by 1.6% in the second quarter. Parametric Portfolio Associates LLC now owns 45,486 shares of the company’s stock worth $382,000 after buying an additional 709 shares in the last quarter. Teachers Advisors Inc. increased its stake in shares of West Marine by 7.3% in the second quarter. Teachers Advisors Inc. now owns 27,131 shares of the company’s stock worth $228,000 after buying an additional 1,856 shares in the last quarter. AXA increased its stake in shares of West Marine by 81.0% in the second quarter. AXA now owns 48,712 shares of the company’s stock worth $409,000 after buying an additional 21,802 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of West Marine by 4.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 812,088 shares of the company’s stock worth $6,813,000 after buying an additional 34,492 shares in the last quarter. 61.26% of the stock is owned by institutional investors.
West Marine Company Profile
West Marine, Inc is a waterlife outfitter for cruisers, sailors, anglers and paddlesports enthusiasts. The Company offers a selection of core boating and water recreation products, primarily serving the needs of boat owners and professionals providing services to them. It services its customers through physical stores and two e-commerce Websites.
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