Northcoast Research reiterated their buy rating on shares of MarineMax (NYSE:HZO) in a research note published on Friday, April 26th, Zacks.com reports.
Other research analysts have also issued research reports about the stock. ValuEngine upgraded shares of MarineMax from a sell rating to a hold rating in a research report on Thursday, April 4th. TheStreet upgraded shares of MarineMax from a c+ rating to a b- rating in a research report on Friday, January 18th. Craig Hallum upgraded shares of MarineMax from a hold rating to a buy rating and set a $18.39 price target on the stock in a research report on Friday, February 1st. Finally, Zacks Investment Research lowered shares of MarineMax from a buy rating to a hold rating in a research report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. MarineMax presently has a consensus rating of Buy and a consensus price target of $26.34.
Shares of NYSE HZO traded down $0.26 during mid-day trading on Friday, reaching $16.62. 222,300 shares of the company traded hands, compared to its average volume of 354,893. MarineMax has a fifty-two week low of $15.51 and a fifty-two week high of $26.11. The firm has a market capitalization of $460.67 million, a PE ratio of 9.78 and a beta of 0.84.
MarineMax (NYSE:HZO) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.08). The company had revenue of $303.59 million for the quarter, compared to analyst estimates of $290.24 million. MarineMax had a net margin of 3.22% and a return on equity of 10.93%. MarineMax’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 EPS. Analysts forecast that MarineMax will post 1.82 EPS for the current year.
In related news, CEO W Brett Mcgill sold 5,061 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $20.03, for a total value of $101,371.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.40% of the company’s stock.
A number of institutional investors have recently bought and sold shares of HZO. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in MarineMax by 118.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,534 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 831 shares during the period. Cutler Group LP acquired a new position in MarineMax in the 1st quarter worth approximately $30,000. Manchester Capital Management LLC acquired a new position in MarineMax in the 1st quarter worth approximately $40,000. Quantamental Technologies LLC acquired a new position in MarineMax in the 4th quarter worth approximately $84,000. Finally, Cresset Asset Management LLC acquired a new position in MarineMax in the 1st quarter worth approximately $95,000. 91.55% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading: What does a bar chart mean for investors?
Receive News & Ratings for MarineMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarineMax and related companies with MarketBeat.com's FREE daily email newsletter.