MarineMax (NYSE:HZO) PT Raised to $45.00


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MarineMax (NYSE:HZO) had its target price raised by equities research analysts at B. Riley from $40.00 to $45.00 in a research note issued on Tuesday, The Fly reports. The firm currently has a “buy” rating on the specialty retailer’s stock. B. Riley’s target price indicates a potential upside of 6.76% from the stock’s current price. B. Riley also issued estimates for MarineMax’s Q2 2021 earnings at $0.60 EPS, FY2021 earnings at $3.99 EPS, Q2 2022 earnings at $0.67 EPS and FY2022 earnings at $4.21 EPS. The analysts noted that the move was a valuation call.

Several other analysts have also issued reports on the company. Zacks Investment Research lowered MarineMax from a “buy” rating to a “hold” rating in a research note on Wednesday, January 6th. Raymond James upped their target price on MarineMax from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, January 4th. ValuEngine lowered MarineMax from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 1st. Wolfe Research initiated coverage on MarineMax in a research note on Tuesday, September 22nd. They set an “outperform” rating and a $29.00 price objective for the company. Finally, BidaskClub raised MarineMax from a “hold” rating to a “buy” rating in a research note on Thursday, January 7th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $33.67.

Shares of HZO opened at $42.15 on Tuesday. The firm has a market cap of $932.44 million, a P/E ratio of 12.58 and a beta of 1.78. The stock has a 50 day simple moving average of $35.01 and a two-hundred day simple moving average of $29.78. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.85 and a quick ratio of 0.75. MarineMax has a 1 year low of $7.24 and a 1 year high of $43.67.

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 Thomson Reuters’ consensus estimate of $0.41 by $0.78. The business had revenue of $398.80 million during the quarter, compared to analyst estimates of $347.53 million. MarineMax had a return on equity of 18.47% and a net margin of 4.94%. MarineMax’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share. On average, equities analysts anticipate that MarineMax will post 3.83 earnings per share for the current year.

In other MarineMax news, Director Charles R. Oglesby sold 25,000 shares of the stock in a transaction on Monday, December 28th. The stock was sold at an average price of $38.78, for a total value of $969,500.00. Following the completion of the transaction, the director now owns 12,838 shares in the company, valued at $497,857.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Anthony E. Jr. Cassella sold 5,000 shares of the stock in a transaction on Wednesday, November 18th. The stock was sold at an average price of $35.08, for a total value of $175,400.00. The disclosure for this sale can be found here. Insiders sold 98,183 shares of company stock valued at $3,509,232 in the last ninety days. 4.80% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC bought a new position in MarineMax in the second quarter worth $26,000. Public Employees Retirement System of Ohio raised its holdings in MarineMax by 85.8% in the second quarter. Public Employees Retirement System of Ohio now owns 1,206 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 557 shares in the last quarter. USA Financial Portformulas Corp bought a new position in MarineMax in the third quarter worth $34,000. Denali Advisors LLC bought a new position in MarineMax in the third quarter worth $100,000. Finally, Robeco Institutional Asset Management B.V. bought a new position in MarineMax in the third quarter worth $118,000.

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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Analyst Recommendations for MarineMax (NYSE:HZO)

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