Insider Selling: MarineMax Inc. (HZO) Director Sells 5,000 Shares of Stock

MarineMax Inc. (NYSE:HZO) Director Hilliard M. Eure sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $20.13, for a total value of $100,650.00. Following the completion of the transaction, the director now directly owns 6,500 shares in the company, valued at $130,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Several equities analysts have issued reports on HZO shares. B. Riley reissued a “buy” rating and issued a $25.00 price target on shares of MarineMax in a research note on Sunday, May 1st. Zacks Investment Research lowered MarineMax from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 6th. Finally, Forward View reaffirmed a “hold” rating on shares of MarineMax in a research report on Saturday, May 28th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. MarineMax presently has a consensus rating of “Buy” and an average target price of $23.90.

Shares of MarineMax Inc. (NYSE:HZO) traded down 1.48% during midday trading on Thursday, reaching $19.94. The company had a trading volume of 549,150 shares. The company has a market capitalization of $481.73 million and a P/E ratio of 9.85. The company has a 50-day moving average price of $17.69 and a 200 day moving average price of $17.51. MarineMax Inc. has a one year low of $13.56 and a one year high of $22.03.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.12. The company had revenue of $345.60 million for the quarter, compared to the consensus estimate of $268.34 million. During the same quarter in the previous year, the business earned $0.52 earnings per share. MarineMax’s revenue was up 49.1% compared to the same quarter last year. Equities analysts anticipate that MarineMax Inc. will post $0.82 earnings per share for the current fiscal year.

MarineMax, Inc is a recreational boat dealer in the United States. The Company engages in the retail sale, brokerage, and service of used boats, motors, trailers, marine parts and accessories and offers slip and storage accommodations in certain locations. It offers related boat financing, insurance and extended service contracts.