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

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

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

Insider Activity

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

Institutional Investors Weigh In On MarineMax

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its holdings in MarineMax by 2.8% in the 4th quarter. American Century Companies Inc. now owns 2,032,468 shares of the specialty retailer’s stock worth $58,840,000 after acquiring an additional 55,592 shares in the last quarter. Vanguard Group Inc. boosted its stake in MarineMax by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 1,494,999 shares of the specialty retailer’s stock worth $43,280,000 after purchasing an additional 20,909 shares during the last quarter. Royce & Associates LP boosted its stake in MarineMax by 11.7% during the 4th quarter. Royce & Associates LP now owns 412,156 shares of the specialty retailer’s stock worth $11,932,000 after purchasing an additional 43,330 shares during the last quarter. Levin Capital Strategies L.P. boosted its stake in MarineMax by 1.3% during the 4th quarter. Levin Capital Strategies L.P. now owns 357,311 shares of the specialty retailer’s stock worth $10,344,000 after purchasing an additional 4,480 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in MarineMax by 17.3% during the 4th quarter. Invesco Ltd. now owns 347,481 shares of the specialty retailer’s stock worth $10,060,000 after purchasing an additional 51,352 shares during the last quarter. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Stock Up 3.5 %

HZO stock opened at $24.33 on Monday. The firm has a 50 day moving average of $28.00 and a 200 day moving average of $30.22. The stock has a market capitalization of $552.53 million, a PE ratio of 10.22 and a beta of 1.94. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. MarineMax has a 52 week low of $22.41 and a 52 week high of $38.20.

MarineMax (NYSE:HZO) last released its earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.31. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. Sell-side analysts forecast that MarineMax will post 2.41 earnings per share for the current year.

About MarineMax

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.