Paulee C. Day Sells 5,000 Shares of MarineMax Inc (HZO) Stock

MarineMax Inc (NYSE:HZO) EVP Paulee C. Day sold 5,000 shares of MarineMax stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $24.16, for a total transaction of $120,800.00. Following the completion of the sale, the executive vice president now owns 29,675 shares in the company, valued at approximately $716,948. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

MarineMax Inc (HZO) opened at $23.80 on Monday. The firm has a market cap of $631.71, a PE ratio of 21.06, a PEG ratio of 0.53 and a beta of 1.05. MarineMax Inc has a 52 week low of $13.80 and a 52 week high of $24.30.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Wednesday, January 24th. The specialty retailer reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.24. The firm had revenue of $236.92 million for the quarter, compared to the consensus estimate of $231.75 million. MarineMax had a net margin of 2.36% and a return on equity of 8.63%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $0.11 earnings per share. analysts anticipate that MarineMax Inc will post 1.49 EPS for the current fiscal year.

HZO has been the topic of several research analyst reports. TheStreet upgraded shares of MarineMax from a “c+” rating to a “b” rating in a research report on Thursday, December 7th. B. Riley reiterated a “buy” rating and issued a $19.75 target price on shares of MarineMax in a research report on Thursday, October 26th. Citigroup lifted their target price on shares of MarineMax from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, October 2nd. Craig Hallum set a $21.00 target price on shares of MarineMax and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, Zacks Investment Research upgraded shares of MarineMax from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $22.00.

Large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its stake in shares of MarineMax by 58.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,348 shares of the specialty retailer’s stock worth $144,000 after buying an additional 2,699 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of MarineMax in the fourth quarter worth about $193,000. Boothbay Fund Management LLC purchased a new position in shares of MarineMax in the third quarter worth about $182,000. CAPROCK Group Inc. purchased a new position in shares of MarineMax in the third quarter worth about $213,000. Finally, Voya Investment Management LLC lifted its stake in shares of MarineMax by 17.0% in the second quarter. Voya Investment Management LLC now owns 12,935 shares of the specialty retailer’s stock worth $253,000 after buying an additional 1,881 shares in the last quarter. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Insider Buying and Selling by Quarter for MarineMax (NYSE:HZO)

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