Brokerages Set MarineMax Inc (HZO) PT at $27.57

Shares of MarineMax Inc (NYSE:HZO) have earned a consensus rating of “Buy” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $27.57.

A number of equities analysts have commented on HZO shares. Zacks Investment Research upgraded MarineMax from a “sell” rating to a “hold” rating in a research note on Wednesday, September 26th. Ifs Securities restated a “buy” rating and set a $31.00 price objective on shares of MarineMax in a research note on Tuesday, October 30th. Craig Hallum set a $22.00 price objective on MarineMax and gave the stock a “hold” rating in a research note on Tuesday, October 30th. ValuEngine upgraded MarineMax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Finally, CL King lowered MarineMax from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 31st.

In related news, VP Michael H. Mclamb sold 60,000 shares of the firm’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $23.95, for a total transaction of $1,437,000.00. Following the sale, the vice president now owns 151,818 shares of the company’s stock, valued at approximately $3,636,041.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO W Brett Mcgill sold 15,000 shares of the firm’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $25.81, for a total value of $387,150.00. Following the sale, the chief executive officer now directly owns 51,344 shares in the company, valued at approximately $1,325,188.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,800 shares of company stock worth $3,492,588. Company insiders own 4.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. grew its holdings in MarineMax by 3.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 114,694 shares of the specialty retailer’s stock worth $2,174,000 after acquiring an additional 3,576 shares during the period. Swiss National Bank boosted its position in shares of MarineMax by 13.9% in the 2nd quarter. Swiss National Bank now owns 48,400 shares of the specialty retailer’s stock valued at $917,000 after purchasing an additional 5,900 shares during the period. BlackRock Inc. boosted its position in shares of MarineMax by 6.3% in the 2nd quarter. BlackRock Inc. now owns 3,110,799 shares of the specialty retailer’s stock valued at $58,949,000 after purchasing an additional 183,082 shares during the period. BlueMountain Capital Management LLC acquired a new position in shares of MarineMax in the 2nd quarter valued at $451,000. Finally, Laurion Capital Management LP acquired a new position in shares of MarineMax in the 2nd quarter valued at $871,000. 90.08% of the stock is currently owned by institutional investors.

MarineMax stock opened at $20.73 on Friday. MarineMax has a one year low of $16.40 and a one year high of $26.11. The firm has a market cap of $573.66 million, a price-to-earnings ratio of 12.19 and a beta of 1.00.

MarineMax (NYSE:HZO) last posted its quarterly earnings data on Tuesday, October 30th. The specialty retailer reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.22. MarineMax had a return on equity of 11.97% and a net margin of 3.34%. The firm had revenue of $308.59 million for the quarter, compared to analyst estimates of $273.60 million. During the same quarter last year, the company earned $0.22 EPS. The company’s revenue was up 23.1% on a year-over-year basis. On average, equities analysts forecast that MarineMax will post 1.92 earnings per share for the current year.

MarineMax Company Profile

MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.

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Analyst Recommendations for MarineMax (NYSE:HZO)

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