MarineMax (NYSE:HZO) Stock Price Up 4.6%

MarineMax, Inc. (NYSE:HZO) shares traded up 4.6% during mid-day trading on Friday . The company traded as high as $28.13 and last traded at $27.92. 156,458 shares were traded during trading, a decline of 49% from the average session volume of 306,883 shares. The stock had previously closed at $26.68.

Analyst Upgrades and Downgrades

HZO has been the topic of several recent analyst reports. StockNews.com cut MarineMax from a “hold” rating to a “sell” rating in a report on Saturday, January 27th. Truist Financial lifted their price objective on MarineMax from $40.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Finally, DA Davidson reiterated a “buy” rating and set a $34.00 price objective on shares of MarineMax in a report on Friday, March 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, MarineMax currently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

MarineMax Stock Performance

The stock has a 50-day moving average of $30.69 and a 200-day moving average of $31.61. The firm has a market cap of $625.07 million, a price-to-earnings ratio of 6.94 and a beta of 1.69. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.35 and a current ratio of 1.28.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, January 25th. The specialty retailer reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). MarineMax had a net margin of 3.75% and a return on equity of 10.44%. The firm had revenue of $527.30 million during the quarter, compared to analyst estimates of $524.76 million. During the same period in the prior year, the business posted $1.24 EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, analysts anticipate that MarineMax, Inc. will post 3.33 EPS for the current fiscal year.

Insider Activity at MarineMax

In related news, EVP Charles A. Cashman sold 7,500 shares of MarineMax stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $29.76, for a total value of $223,200.00. Following the sale, the executive vice president now owns 63,981 shares of the company’s stock, valued at approximately $1,904,074.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other MarineMax news, Director Clint Moore sold 4,000 shares of the business’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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles A. Cashman sold 7,500 shares of the business’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 value of $223,200.00. Following the transaction, the executive vice president now directly owns 63,981 shares in the company, valued at approximately $1,904,074.56. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Beacon Pointe Advisors LLC increased its position in shares of MarineMax by 4.4% during the 1st quarter. Beacon Pointe Advisors LLC now owns 5,460 shares of the specialty retailer’s stock worth $220,000 after purchasing an additional 230 shares during the last quarter. Captrust Financial Advisors raised its stake in MarineMax by 10.4% in the 2nd quarter. Captrust Financial Advisors now owns 2,931 shares of the specialty retailer’s stock valued at $106,000 after acquiring an additional 275 shares during the period. Rhumbline Advisers raised its stake in MarineMax by 0.5% in the 1st quarter. Rhumbline Advisers now owns 66,536 shares of the specialty retailer’s stock valued at $2,679,000 after acquiring an additional 315 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in MarineMax by 5.1% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 7,767 shares of the specialty retailer’s stock valued at $265,000 after acquiring an additional 378 shares during the period. Finally, Osaic Holdings Inc. raised its stake in MarineMax by 8.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,642 shares of the specialty retailer’s stock valued at $159,000 after acquiring an additional 379 shares during the period. Institutional investors and hedge funds own 92.85% of the company’s stock.

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.