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.
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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