MarineMax (NYSE:HZO) PT Lowered to $35.00

MarineMax (NYSE:HZO) had its target price reduced by Truist Financial from $40.00 to $35.00 in a research note released on Friday morning, Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

HZO has been the subject of a number of other research reports. DA Davidson reissued a buy rating and issued a $34.00 target price on shares of MarineMax in a research note on Friday, March 15th. StockNews.com lowered MarineMax from a hold rating to a sell rating in a research note on Saturday, January 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $36.75.

MarineMax Trading Down 0.9 %

Shares of HZO stock opened at $25.37 on Friday. The company has a quick ratio of 0.35, a current ratio of 1.24 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $30.20 and a two-hundred day moving average price of $31.43. MarineMax has a 12-month low of $22.51 and a 12-month high of $42.88. The firm has a market cap of $565.75 million, a P/E ratio of 9.19 and a beta of 1.69.

MarineMax (NYSE:HZO) last released its earnings results on Thursday, April 25th. The specialty retailer reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.55). MarineMax had a net margin of 2.56% and a return on equity of 7.66%. The company had revenue of $582.90 million during the quarter, compared to the consensus estimate of $590.19 million. During the same period last year, the firm posted $1.23 EPS. The company’s revenue was up 2.2% on a year-over-year basis. Equities analysts anticipate that MarineMax will post 3.09 EPS for the current fiscal year.

Insider Buying and Selling at MarineMax

In other MarineMax news, Director Clint Moore sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $31.12, for a total transaction of $124,480.00. Following the completion of the transaction, the director now owns 20,544 shares of the company’s stock, valued at approximately $639,329.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other MarineMax news, EVP Charles A. Cashman sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $29.76, for a total transaction of $223,200.00. Following the transaction, the executive vice president now owns 63,981 shares in the company, valued at approximately $1,904,074.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Clint Moore sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $31.12, for a total value of $124,480.00. Following the transaction, the director now owns 20,544 shares in the company, valued at approximately $639,329.28. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

Institutional Trading of MarineMax

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. grew its stake in shares of MarineMax by 31.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 73,707 shares of the specialty retailer’s stock worth $2,419,000 after buying an additional 17,579 shares during the last quarter. Bfsg LLC purchased a new stake in shares of MarineMax in the 4th quarter worth approximately $133,000. Jump Financial LLC grew its stake in shares of MarineMax by 101.8% in the 3rd quarter. Jump Financial LLC now owns 33,507 shares of the specialty retailer’s stock worth $1,100,000 after buying an additional 16,907 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of MarineMax by 438.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 56,500 shares of the specialty retailer’s stock worth $1,854,000 after buying an additional 46,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of MarineMax by 7.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 424,845 shares of the specialty retailer’s stock worth $13,943,000 after buying an additional 28,539 shares during the last quarter. Hedge funds and other institutional investors own 92.85% of the company’s stock.

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.