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

Shares of MarineMax, Inc. (NYSE:HZO) have earned an average rating of “Buy” from the six brokerages that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $41.50.

Several research analysts have commented on HZO shares. StockNews.com upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a report on Friday, January 24th. DA Davidson lowered their price target on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Finally, Benchmark reiterated a “buy” rating and set a $40.00 price target on shares of MarineMax in a report on Friday, January 24th.

MarineMax Price Performance

Shares of HZO opened at $30.56 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.24. The stock has a market cap of $694.04 million, a PE ratio of 12.84 and a beta of 1.91. The firm has a 50-day simple moving average of $29.57 and a two-hundred day simple moving average of $30.94. MarineMax has a 1-year low of $22.51 and a 1-year high of $38.20.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, beating 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%. As a group, analysts forecast that MarineMax will post 2.35 EPS for the current year.

Insider Activity

In other news, Director Clint Moore sold 4,100 shares of the company’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 transaction, the director now owns 23,560 shares in the company, valued at approximately $721,642.80. This represents a 14.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the 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 sale, the chief accounting officer now owns 11,451 shares of the company’s stock, valued at approximately $355,668.06. This represents a 25.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

Institutional Trading of MarineMax

A number of large investors have recently bought and sold shares of the business. Private Management Group Inc. boosted its stake in MarineMax by 11.5% during the 3rd quarter. Private Management Group Inc. now owns 534,023 shares of the specialty retailer’s stock worth $18,835,000 after purchasing an additional 55,033 shares during the period. Royce & Associates LP boosted its stake in MarineMax by 45.2% during the 3rd quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer’s stock worth $13,008,000 after purchasing an additional 114,880 shares during the period. 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 period. Portolan Capital Management LLC purchased a new position in MarineMax during the 3rd quarter worth $11,271,000. Finally, Peregrine Capital Management LLC raised its position in MarineMax by 30.8% during the 4th quarter. Peregrine Capital Management LLC now owns 154,605 shares of the specialty retailer’s stock worth $4,476,000 after buying an additional 36,411 shares during the last quarter. Institutional investors and hedge funds 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.