MarineMax, Inc. (NYSE:HZO) Receives Average Rating of “Buy” from Brokerages

MarineMax, Inc. (NYSE:HZO) has been given a consensus recommendation of “Buy” by the six brokerages that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have covered the stock in the last year is $41.50.

A number of brokerages have weighed in on HZO. StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Benchmark restated a “buy” rating and set a $40.00 price objective on shares of MarineMax in a research note on Friday, January 24th. Finally, DA Davidson lowered their price objective on MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd.

Insiders Place Their Bets

In related news, Director Clint Moore sold 4,100 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $30.63, for a total value of $125,583.00. Following the sale, the director now owns 23,560 shares of the company’s stock, valued at approximately $721,642.80. This trade represents a 14.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $31.06, for a total value of $124,240.00. Following the completion of the sale, the chief accounting officer now directly owns 11,451 shares in the company, valued at approximately $355,668.06. This trade represents a 25.89 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by company insiders.

Institutional Trading of MarineMax

Several hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. lifted its holdings in shares of MarineMax by 2.8% in the 4th quarter. American Century Companies Inc. now owns 2,032,468 shares of the specialty retailer’s stock worth $58,840,000 after purchasing an additional 55,592 shares during the last quarter. Vanguard Group Inc. raised its stake in MarineMax by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 1,494,999 shares of the specialty retailer’s stock valued at $43,280,000 after acquiring an additional 20,909 shares in the last quarter. Private Management Group Inc. increased its position in shares of MarineMax by 11.5% during the 3rd quarter. Private Management Group Inc. now owns 534,023 shares of the specialty retailer’s stock valued at $18,835,000 after purchasing an additional 55,033 shares during the period. Royce & Associates LP increased its position in shares of MarineMax by 11.7% during the 4th quarter. Royce & Associates LP now owns 412,156 shares of the specialty retailer’s stock valued at $11,932,000 after purchasing an additional 43,330 shares during the period. Finally, Levin Capital Strategies L.P. increased its position in shares of MarineMax by 1.3% during the 4th quarter. Levin Capital Strategies L.P. now owns 357,311 shares of the specialty retailer’s stock valued at $10,344,000 after purchasing an additional 4,480 shares during the period. Institutional investors own 92.85% of the company’s stock.

MarineMax Price Performance

Shares of NYSE HZO opened at $29.50 on Thursday. MarineMax has a fifty-two week low of $22.51 and a fifty-two week high of $38.20. The business has a 50 day moving average price of $29.34 and a two-hundred day moving average price of $30.81. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market cap of $669.95 million, a PE ratio of 12.40 and a beta of 1.91.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.31. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. Sell-side analysts expect that MarineMax will post 2.45 earnings per share for the current fiscal year.

About MarineMax

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.