Craig Hallum Reiterates $22.00 Price Target for MarineMax (NYSE:HZO)

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Craig Hallum set a $22.00 price target on MarineMax (NYSE:HZO) in a report released on Tuesday, October 30th. The brokerage currently has a hold rating on the specialty retailer’s stock.

Other research analysts have also recently issued reports about the company. Wedbush cut their price objective on MarineMax from $24.00 to $21.00 and set a neutral rating for the company in a report on Friday, July 27th. Citigroup cut their price objective on MarineMax from $28.00 to $23.00 and set a buy rating for the company in a report on Wednesday, August 15th. ValuEngine raised MarineMax from a sell rating to a hold rating in a report on Thursday, July 19th. Ifs Securities reaffirmed a buy rating and issued a $31.00 price target on shares of MarineMax in a report on Tuesday, October 30th. Finally, Zacks Investment Research raised MarineMax from a hold rating to a buy rating and set a $23.00 price target for the company in a report on Thursday, October 18th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. MarineMax has a consensus rating of Buy and an average target price of $27.00.

Shares of HZO stock opened at $20.98 on Tuesday. The company has a market cap of $565.08 million, a price-to-earnings ratio of 12.34 and a beta of 0.94. MarineMax has a 12 month low of $16.40 and a 12 month high of $26.11.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Tuesday, October 30th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.22. The business had revenue of $308.59 million for the quarter, compared to the consensus estimate of $273.60 million. MarineMax had a net margin of 3.34% and a return on equity of 11.97%. MarineMax’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the company posted $0.22 earnings per share. Equities research analysts forecast that MarineMax will post 1.92 EPS for the current year.

In other news, VP Anthony E. Jr. Cassella sold 8,200 shares of MarineMax stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $24.01, for a total transaction of $196,882.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider William H. Mcgill, Jr. sold 8,525 shares of MarineMax stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $26.06, for a total value of $222,161.50. Following the transaction, the insider now owns 269,515 shares in the company, valued at approximately $7,023,560.90. The disclosure for this sale can be found here. Insiders have sold a total of 145,300 shares of company stock valued at $3,545,513 over the last 90 days. Corporate insiders own 5.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. lifted its stake in MarineMax by 3.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 111,118 shares of the specialty retailer’s stock valued at $2,162,000 after acquiring an additional 3,188 shares in the last quarter. American International Group Inc. raised its stake in shares of MarineMax by 20.4% during the 3rd quarter. American International Group Inc. now owns 20,016 shares of the specialty retailer’s stock worth $425,000 after purchasing an additional 3,397 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of MarineMax by 12.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 33,984 shares of the specialty retailer’s stock worth $644,000 after purchasing an additional 3,722 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of MarineMax by 9.0% during the 3rd quarter. Teachers Advisors LLC now owns 54,614 shares of the specialty retailer’s stock worth $1,161,000 after purchasing an additional 4,532 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new stake in shares of MarineMax during the 3rd quarter worth approximately $105,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

MarineMax Company Profile

MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; motor yachts; convertible yachts; pleasure boats; pontoon boats; fishing boats; ski boats; and jet boats.

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Analyst Recommendations for MarineMax (NYSE:HZO)

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