MarineMax (NYSE:HZO) had its price objective trimmed by B. Riley from $26.00 to $23.50 in a report published on Tuesday morning. The firm currently has a neutral rating on the specialty retailer’s stock.
A number of other equities research analysts have also issued reports on HZO. Zacks Investment Research lowered MarineMax from a strong-buy rating to a hold rating in a research report on Tuesday, April 3rd. ValuEngine lowered MarineMax from a hold rating to a sell rating in a research report on Saturday, April 21st. Finally, Craig Hallum set a $27.00 price objective on MarineMax and gave the stock a buy rating in a research report on Thursday, April 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $23.25.
HZO stock opened at $18.95 on Tuesday. The company has a market capitalization of $515.37 million, a PE ratio of 15.20 and a beta of 1.11. MarineMax has a 1 year low of $13.80 and a 1 year high of $25.05.
MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, April 26th. The specialty retailer reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.11. The business had revenue of $270.61 million during the quarter, compared to analyst estimates of $256.17 million. MarineMax had a return on equity of 9.61% and a net margin of 2.62%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share. sell-side analysts predict that MarineMax will post 1.56 EPS for the current fiscal year.
In related news, CAO Anthony E. Jr. Cassella sold 11,100 shares of the stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $22.80, for a total value of $253,080.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hilliard M. Eure sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $23.14, for a total value of $231,400.00. Following the completion of the transaction, the director now owns 21,500 shares of the company’s stock, valued at $497,510. The disclosure for this sale can be found here. Insiders sold 132,354 shares of company stock valued at $3,009,610 over the last quarter. 5.00% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. WINTON GROUP Ltd purchased a new position in shares of MarineMax during the first quarter worth $5,086,000. Harvest Capital Strategies LLC purchased a new position in shares of MarineMax during the first quarter worth $5,453,000. Global Alpha Capital Management Ltd. boosted its position in shares of MarineMax by 21.1% during the first quarter. Global Alpha Capital Management Ltd. now owns 223,268 shares of the specialty retailer’s stock worth $4,343,000 after buying an additional 38,900 shares during the period. Cortina Asset Management LLC boosted its position in shares of MarineMax by 2.1% during the first quarter. Cortina Asset Management LLC now owns 341,979 shares of the specialty retailer’s stock worth $6,651,000 after buying an additional 6,931 shares during the period. Finally, Citadel Advisors LLC boosted its position in shares of MarineMax by 271.5% during the first quarter. Citadel Advisors LLC now owns 45,391 shares of the specialty retailer’s stock worth $883,000 after buying an additional 33,174 shares during the period. Institutional investors and hedge funds own 93.33% of the company’s stock.
MarineMax Company Profile
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; motor yachts; convertible yachts; pleasure boats; pontoon boats; fishing boats; ski boats; and jet boats.
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