MarineMax (NYSE:HZO) Sets New 52-Week Low – Should You Sell?

MarineMax, Inc. (NYSE:HZO) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $22.47 and last traded at $22.47, with a volume of 58820 shares traded. The stock had previously closed at $23.25.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HZO shares. B. Riley upgraded MarineMax to a “strong-buy” rating in a report on Wednesday, February 12th. Benchmark reaffirmed a “buy” rating and issued a $40.00 price target on shares of MarineMax in a research report on Friday, January 24th. DA Davidson cut their price objective on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Finally, StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating in a report on Friday, January 24th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $41.50.

MarineMax Trading Up 0.5 %

The company’s 50 day simple moving average is $28.27 and its two-hundred day simple moving average is $30.36. 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 company has a market capitalization of $530.53 million, a price-to-earnings ratio of 9.81 and a beta of 1.91.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.31. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. As a group, research analysts anticipate that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of MarineMax

Several institutional investors and hedge funds have recently bought and sold shares of HZO. Smartleaf Asset Management LLC raised its holdings in shares of MarineMax by 211.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 1,058 shares during the last quarter. US Bancorp DE lifted its holdings in shares of MarineMax by 49.6% in the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 585 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of MarineMax in the third quarter worth about $67,000. Aquatic Capital Management LLC acquired a new stake in MarineMax during the fourth quarter worth about $82,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in MarineMax in the 4th quarter worth approximately $113,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Company Profile

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.