According to Zacks, “MarineMax, Inc. is a recreational boat dealer in the United States. Through retail locations, the company sells new and used recreational boats and fishing boats with a focus on premium brands in each segment. “
A number of other brokerages also recently weighed in on HZO. B. Riley reaffirmed a buy rating and set a $22.50 price objective on shares of MarineMax in a research report on Monday, August 1st. Forward View upgraded shares of MarineMax from a hold rating to a buy rating in a research report on Thursday, July 28th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. MarineMax currently has a consensus rating of Buy and an average target price of $24.50.
Shares of MarineMax (NYSE:HZO) opened at 20.85 on Tuesday. MarineMax has a 52-week low of $13.56 and a 52-week high of $22.03. The firm has a market capitalization of $504.22 million, a P/E ratio of 10.30 and a beta of 1.32. The stock’s 50 day moving average is $20.28 and its 200-day moving average is $18.74.
MarineMax (NYSE:HZO) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.12. MarineMax had a net margin of 5.55% and a return on equity of 7.88%. The business earned $345.60 million during the quarter, compared to the consensus estimate of $268.34 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The company’s revenue for the quarter was up 49.1% compared to the same quarter last year. On average, equities analysts forecast that MarineMax will post $0.90 earnings per share for the current fiscal year.
In other MarineMax news, VP Michael H. Mclamb sold 6,337 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $20.62, for a total value of $130,668.94. Following the transaction, the vice president now owns 131,185 shares in the company, valued at approximately $2,705,034.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Anthony E. Jr. Cassella sold 7,499 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $21.50, for a total transaction of $161,228.50. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its position in MarineMax by 97.7% in the second quarter. BNP Paribas Arbitrage SA now owns 7,555 shares of the company’s stock valued at $128,000 after buying an additional 3,733 shares in the last quarter. Riverhead Capital Management LLC raised its position in MarineMax by 506.9% in the second quarter. Riverhead Capital Management LLC now owns 11,682 shares of the company’s stock valued at $160,000 after buying an additional 9,757 shares in the last quarter. Bank of Montreal Can bought a new position in MarineMax during the second quarter valued at $179,000. Louisiana State Employees Retirement System raised its position in MarineMax by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the company’s stock valued at $183,000 after buying an additional 100 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in MarineMax by 4.8% in the second quarter. Thrivent Financial for Lutherans now owns 11,600 shares of the company’s stock valued at $197,000 after buying an additional 530 shares in the last quarter.
MarineMax Company Profile
MarineMax, Inc is a recreational boat dealer in the United States. The Company engages in the retail sale, brokerage, and service of used boats, motors, trailers, marine parts and accessories and offers slip and storage accommodations in certain locations. It offers related boat financing, insurance and extended service contracts.
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