CL King Begins Coverage on MarineMax (HZO)

CL King started coverage on shares of MarineMax (NYSE:HZO) in a research report released on Monday, November 13th, Marketbeat Ratings reports. The firm issued a neutral rating on the specialty retailer’s stock.

A number of other research analysts have also weighed in on HZO. B. Riley reaffirmed a buy rating and issued a $19.75 price objective on shares of MarineMax in a research note on Monday, September 25th. Citigroup increased their target price on shares of MarineMax from $18.00 to $20.00 and gave the company a buy rating in a report on Monday, October 2nd. BidaskClub downgraded shares of MarineMax from a hold rating to a sell rating in a report on Tuesday, July 25th. Ifs Securities reiterated a strong-buy rating and issued a $20.00 target price on shares of MarineMax in a report on Thursday, August 24th. Finally, Craig Hallum set a $21.00 target price on shares of MarineMax and gave the company a buy rating in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. MarineMax has an average rating of Buy and a consensus price target of $21.67.

Shares of MarineMax (HZO) traded up $0.05 during midday trading on Monday, reaching $21.40. 206,527 shares of the company traded hands, compared to its average volume of 401,003. The company has a market capitalization of $561.93, a price-to-earnings ratio of 21.14, a PEG ratio of 0.61 and a beta of 0.99. MarineMax has a fifty-two week low of $13.80 and a fifty-two week high of $23.65.

MarineMax (NYSE:HZO) last issued its earnings results on Tuesday, October 31st. The specialty retailer reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.11. The business had revenue of $250.62 million for the quarter, compared to analyst estimates of $231.96 million. MarineMax had a net margin of 2.24% and a return on equity of 7.82%. MarineMax’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 earnings per share. analysts predict that MarineMax will post 1.16 EPS for the current fiscal year.

In other news, Chairman William H. Mcgill, Jr. sold 35,000 shares of MarineMax stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $21.03, for a total value of $736,050.00. Following the completion of the transaction, the chairman now owns 281,640 shares in the company, valued at $5,922,889.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael H. Mclamb sold 9,000 shares of MarineMax stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $21.56, for a total transaction of $194,040.00. The disclosure for this sale can be found here. Insiders have sold 61,500 shares of company stock valued at $1,276,090 in the last 90 days. 5.00% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of HZO. Impala Asset Management LLC boosted its position in shares of MarineMax by 23.1% in the third quarter. Impala Asset Management LLC now owns 2,209,749 shares of the specialty retailer’s stock valued at $36,571,000 after acquiring an additional 413,990 shares during the period. American Century Companies Inc. boosted its position in shares of MarineMax by 51.7% in the third quarter. American Century Companies Inc. now owns 1,208,999 shares of the specialty retailer’s stock valued at $20,009,000 after acquiring an additional 412,038 shares during the period. Thomson Horstmann & Bryant Inc. bought a new position in shares of MarineMax in the second quarter valued at approximately $6,165,000. Kennedy Capital Management Inc. boosted its position in shares of MarineMax by 855.1% in the second quarter. Kennedy Capital Management Inc. now owns 331,000 shares of the specialty retailer’s stock valued at $6,471,000 after acquiring an additional 296,343 shares during the period. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of MarineMax in the third quarter valued at approximately $4,065,000. Hedge funds and other institutional investors own 98.71% of the company’s stock.

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About MarineMax

MarineMax, Inc is a recreational boat and yacht dealer in the United States. Through 56 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas, the Company sold new and used recreational boats, including pleasure and fishing boats, as of September 30, 2016.

Analyst Recommendations for MarineMax (NYSE:HZO)

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