MarineMax, Inc. (NYSE:HZO) Given Average Recommendation of “Buy” by Brokerages

Shares of MarineMax, Inc. (NYSE:HZO) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $41.50.

A number of research analysts have issued reports on HZO shares. Benchmark reissued a “buy” rating and issued a $40.00 target price on shares of MarineMax in a research note on Friday, January 24th. DA Davidson dropped their target price on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. B. Riley upgraded shares of MarineMax to a “strong-buy” rating in a report on Wednesday, February 12th. Finally, StockNews.com raised shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Friday, January 24th.

Insiders Place Their Bets

In related news, Director Clint Moore sold 4,100 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $30.63, for a total transaction of $125,583.00. Following the sale, the director now owns 23,560 shares in the company, valued at approximately $721,642.80. This represents a 14.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $31.06, for a total value of $124,240.00. Following the transaction, the chief accounting officer now directly owns 11,451 shares of the company’s stock, valued at $355,668.06. This trade represents a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HZO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of MarineMax by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,375 shares of the specialty retailer’s stock valued at $358,000 after buying an additional 532 shares in the last quarter. US Bancorp DE grew its position in shares of MarineMax by 49.6% in the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 585 shares during the period. Illinois Municipal Retirement Fund increased its stake in shares of MarineMax by 6.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 11,776 shares of the specialty retailer’s stock worth $341,000 after purchasing an additional 732 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of MarineMax by 8.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer’s stock valued at $413,000 after purchasing an additional 905 shares during the period. Finally, Empowered Funds LLC lifted its stake in MarineMax by 4.7% in the 4th quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer’s stock valued at $651,000 after purchasing an additional 1,006 shares during the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Stock Up 0.6 %

MarineMax stock opened at $23.36 on Friday. The firm has a market capitalization of $530.34 million, a price-to-earnings ratio of 9.81 and a beta of 1.94. The company’s 50 day simple moving average is $26.83 and its 200 day simple moving average is $29.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.24. MarineMax has a fifty-two week low of $22.08 and a fifty-two week high of $38.20.

MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.31. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. As a group, sell-side analysts anticipate that MarineMax will post 2.41 EPS for the current year.

MarineMax Company Profile

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.