MarineMax Inc (NYSE:HZO) Receives Consensus Rating of “Buy” from Analysts

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Shares of MarineMax Inc (NYSE:HZO) have earned an average rating of “Buy” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $23.50.

A number of brokerages have weighed in on HZO. SunTrust Banks reissued a “buy” rating and set a $26.00 price target on shares of MarineMax in a research report on Friday, January 24th. TheStreet raised MarineMax from a “c+” rating to a “b” rating in a research report on Thursday, January 23rd. B. Riley reissued a “buy” rating and set a $24.00 price target on shares of MarineMax in a research report on Friday, January 24th. Longbow Research downgraded MarineMax from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 30th. Finally, ValuEngine downgraded MarineMax from a “hold” rating to a “sell” rating in a research report on Friday, January 24th.

In other news, CEO W Brett Mcgill sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $21.64, for a total transaction of $108,200.00. Following the completion of the sale, the chief executive officer now owns 51,308 shares in the company, valued at $1,110,305.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Charles A. Cashman sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $20.32, for a total value of $50,800.00. Following the sale, the executive vice president now owns 46,424 shares of the company’s stock, valued at approximately $943,335.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,156 shares of company stock valued at $377,968. Corporate insiders own 4.40% of the company’s stock.

Large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new stake in MarineMax in the fourth quarter valued at $270,000. Jane Street Group LLC acquired a new stake in MarineMax during the 4th quarter worth about $254,000. Jacobs Levy Equity Management Inc. acquired a new stake in MarineMax during the 4th quarter worth about $1,940,000. Marshall Wace LLP acquired a new stake in MarineMax during the 4th quarter worth about $660,000. Finally, Bank of New York Mellon Corp grew its holdings in MarineMax by 0.5% during the 4th quarter. Bank of New York Mellon Corp now owns 289,452 shares of the specialty retailer’s stock worth $4,830,000 after acquiring an additional 1,575 shares during the period. Institutional investors own 83.16% of the company’s stock.

Shares of NYSE HZO opened at $20.11 on Friday. The business’s 50 day moving average price is $18.59 and its two-hundred day moving average price is $16.39. The company has a market cap of $447.96 million, a PE ratio of 11.23 and a beta of 1.06. The company has a quick ratio of 0.20, a current ratio of 1.39 and a debt-to-equity ratio of 0.10. MarineMax has a twelve month low of $13.73 and a twelve month high of $23.15.

MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.34. The firm had revenue of $304.20 million for the quarter, compared to the consensus estimate of $260.33 million. MarineMax had a return on equity of 11.22% and a net margin of 3.09%. The business’s revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 earnings per share. As a group, research analysts anticipate that MarineMax will post 1.91 EPS for the current fiscal year.

About MarineMax

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, such as sport boats, sport cruisers, 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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