MarineMax (HZO) Given a $30.00 Price Target at B. Riley

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B. Riley set a $30.00 price objective on MarineMax (NYSE:HZO) in a research note issued to investors on Monday. The brokerage currently has a buy rating on the specialty retailer’s stock.

A number of other analysts have also commented on HZO. Zacks Investment Research raised MarineMax from a hold rating to a buy rating and set a $23.00 target price for the company in a research report on Thursday, October 18th. Citigroup decreased their price objective on MarineMax from $28.00 to $23.00 and set a buy rating for the company in a report on Wednesday, August 15th. ValuEngine raised MarineMax from a hold rating to a buy rating in a report on Wednesday, October 31st. Craig Hallum set a $22.00 price objective on MarineMax and gave the stock a hold rating in a report on Tuesday, October 30th. Finally, Ifs Securities reissued a buy rating and set a $31.00 price objective on shares of MarineMax in a report on Tuesday, October 30th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. MarineMax presently has an average rating of Buy and a consensus price target of $27.00.

Shares of MarineMax stock opened at $21.01 on Monday. MarineMax has a one year low of $16.40 and a one year high of $26.11. The stock has a market capitalization of $570.47 million, a P/E ratio of 12.36 and a beta of 0.91.

MarineMax (NYSE:HZO) last issued its earnings results on Tuesday, October 30th. The specialty retailer reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.22. MarineMax had a return on equity of 11.97% and a net margin of 3.34%. The business had revenue of $308.59 million during the quarter, compared to analyst estimates of $273.60 million. During the same period in the previous year, the company posted $0.22 EPS. The firm’s revenue was up 23.1% compared to the same quarter last year. On average, equities analysts anticipate that MarineMax will post 1.92 earnings per share for the current fiscal year.

In other MarineMax news, Director Joseph Allen Watters sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $21.17, for a total transaction of $52,925.00. Following the completion of the sale, the director now directly owns 62,413 shares of the company’s stock, valued at approximately $1,321,283.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William H. Mcgill, Jr. sold 8,525 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $26.06, for a total value of $222,161.50. Following the sale, the insider now directly owns 269,515 shares of the company’s stock, valued at $7,023,560.90. The disclosure for this sale can be found here. Insiders have sold a total of 145,300 shares of company stock valued at $3,545,513 over the last three months. Corporate insiders own 5.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in HZO. BlackRock Inc. boosted its stake in shares of MarineMax by 12.6% in the 3rd quarter. BlackRock Inc. now owns 3,503,906 shares of the specialty retailer’s stock worth $74,458,000 after buying an additional 393,107 shares during the last quarter. Intrinsic Edge Capital Management LLC boosted its stake in shares of MarineMax by 265.5% in the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 361,033 shares of the specialty retailer’s stock worth $6,842,000 after buying an additional 262,266 shares during the last quarter. Impala Asset Management LLC boosted its stake in shares of MarineMax by 18.1% in the 3rd quarter. Impala Asset Management LLC now owns 1,294,553 shares of the specialty retailer’s stock worth $27,509,000 after buying an additional 198,307 shares during the last quarter. WINTON GROUP Ltd boosted its stake in shares of MarineMax by 75.5% in the 2nd quarter. WINTON GROUP Ltd now owns 458,925 shares of the specialty retailer’s stock worth $8,697,000 after buying an additional 197,449 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its stake in shares of MarineMax by 58.3% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 392,168 shares of the specialty retailer’s stock worth $8,334,000 after buying an additional 144,400 shares during the last quarter. Hedge funds and other institutional investors own 91.21% of the company’s stock.

About MarineMax

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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Analyst Recommendations for MarineMax (NYSE:HZO)

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