MarineMax (NYSE:HZO) Now Covered by StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of MarineMax (NYSE:HZO – Get Rating) in a report released on Thursday. The brokerage set a “hold” rating on the specialty retailer’s stock.

HZO has been the subject of a number of other reports. Raymond James reduced their price objective on shares of MarineMax from $55.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 27th. B. Riley upgraded shares of MarineMax from a “neutral” rating to a “buy” rating and cut their target price for the company from $53.00 to $52.00 in a research note on Tuesday, February 21st. Citigroup cut their target price on shares of MarineMax from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, January 27th. Stifel Nicolaus initiated coverage on shares of MarineMax in a research note on Wednesday, December 14th. They issued a “buy” rating and a $40.00 target price for the company. Finally, DA Davidson cut their target price on shares of MarineMax from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, January 30th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $42.33.

MarineMax Price Performance

HZO opened at $28.16 on Thursday. The stock has a market cap of $615.30 million, a P/E ratio of 3.45 and a beta of 1.48. The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 0.51. MarineMax has a 12 month low of $27.14 and a 12 month high of $47.36. The company has a fifty day simple moving average of $32.43 and a 200 day simple moving average of $32.02.

MarineMax (NYSE:HZO – Get Rating) last announced its earnings results on Thursday, January 26th. The specialty retailer reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.27). The company had revenue of $507.90 million during the quarter, compared to analyst estimates of $509.59 million. MarineMax had a return on equity of 25.61% and a net margin of 7.76%. MarineMax’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 earnings per share. On average, research analysts expect that MarineMax will post 6.81 EPS for the current year.

Insider Buying and Selling at MarineMax

In other news, EVP Charles A. Cashman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $34.92, for a total transaction of $349,200.00. Following the transaction, the executive vice president now directly owns 35,499 shares of the company’s stock, valued at $1,239,625.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Charles A. Cashman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $34.92, for a total transaction of $349,200.00. Following the transaction, the executive vice president now directly owns 35,499 shares of the company’s stock, valued at $1,239,625.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anthony E. Jr. Cassella sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $31.02, for a total transaction of $155,100.00. Following the transaction, the chief accounting officer now directly owns 8,060 shares in the company, valued at $250,021.20. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of MarineMax by 0.4% during the 1st quarter. BlackRock Inc. now owns 4,159,070 shares of the specialty retailer’s stock worth $167,445,000 after acquiring an additional 16,515 shares in the last quarter. American Century Companies Inc. boosted its position in MarineMax by 6.4% in the fourth quarter. American Century Companies Inc. now owns 2,141,002 shares of the specialty retailer’s stock valued at $66,842,000 after buying an additional 129,139 shares in the last quarter. Vanguard Group Inc. boosted its position in MarineMax by 1.9% in the third quarter. Vanguard Group Inc. now owns 1,789,622 shares of the specialty retailer’s stock valued at $53,313,000 after buying an additional 34,189 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in MarineMax by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,740,957 shares of the specialty retailer’s stock valued at $54,353,000 after buying an additional 10,768 shares in the last quarter. Finally, State Street Corp boosted its position in MarineMax by 7.5% in the second quarter. State Street Corp now owns 821,472 shares of the specialty retailer’s stock valued at $29,672,000 after buying an additional 57,396 shares in the last quarter. 95.93% of the stock is owned by institutional investors.

MarineMax Company Profile

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MarineMax, Inc engages in the provision of boating-related activities. The firm sells used and new sport boats, sport cruisers, sport yachts and fishing boats through retail stores. It also provides maintenance, repair, slip and storage services. The company was founded in January 1998 and is headquartered in Clearwater, FL.