MarineMax, Inc. (NYSE:HZO) Receives Consensus Recommendation of “Buy” from Analysts

Shares of MarineMax, Inc. (NYSE:HZO) have been given a consensus rating of “Buy” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $41.50.

A number of equities analysts have recently issued reports on the stock. DA Davidson cut their price target on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. StockNews.com upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Finally, Benchmark reiterated a “buy” rating and issued a $40.00 price target on shares of MarineMax in a report on Friday, January 24th.

Insider Buying and Selling at MarineMax

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

Institutional Investors Weigh In On MarineMax

Several hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in shares of MarineMax by 5.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer’s stock worth $267,000 after purchasing an additional 408 shares during the last quarter. US Bancorp DE boosted its position in shares of MarineMax by 49.6% in the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 585 shares during the last quarter. Bfsg LLC boosted its position in shares of MarineMax by 19.1% in the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock worth $150,000 after acquiring an additional 681 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in shares of MarineMax by 6.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 11,776 shares of the specialty retailer’s stock worth $341,000 after acquiring an additional 732 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of MarineMax by 8.4% in the third quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer’s stock worth $413,000 after acquiring an additional 905 shares during the last quarter. 92.85% of the stock is owned by institutional investors and hedge funds.

MarineMax Stock Up 1.8 %

Shares of MarineMax stock opened at $30.56 on Thursday. The company has a market cap of $694.04 million, a P/E ratio of 12.84 and a beta of 1.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.19. MarineMax has a one year low of $22.51 and a one year high of $38.20. The firm has a fifty day moving average of $29.57 and a two-hundred day moving average of $30.94.

MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.31. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. On average, analysts forecast that MarineMax will post 2.35 earnings per share for the current 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.