MarineMax, Inc. (NYSE:HZO) Receives Average Rating of “Moderate Buy” from Brokerages

MarineMax, Inc. (NYSE:HZO) has been given a consensus recommendation of “Moderate Buy” by the five analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $39.00.

Several equities research analysts have weighed in on the company. Truist Financial increased their target price on MarineMax from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. StockNews.com lowered MarineMax from a “hold” rating to a “sell” rating in a research report on Saturday, January 27th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $34.00 target price on shares of MarineMax in a research report on Friday, March 15th.

Insider Activity

In other news, EVP Charles A. Cashman sold 7,500 shares of the firm’s stock in a transaction 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 directly owns 63,981 shares of the company’s stock, valued at $1,904,074.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Clint Moore sold 4,000 shares of the firm’s stock in a transaction dated 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 $639,329.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles A. Cashman sold 7,500 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were 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 of the company’s stock, valued at approximately $1,904,074.56. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HZO. Envestnet Asset Management Inc. boosted its stake in MarineMax by 12.8% during the first quarter. Envestnet Asset Management Inc. now owns 5,816 shares of the specialty retailer’s stock valued at $234,000 after buying an additional 662 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in MarineMax by 166.2% during the first quarter. JPMorgan Chase & Co. now owns 99,900 shares of the specialty retailer’s stock valued at $4,022,000 after buying an additional 62,369 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in MarineMax by 479.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 24,797 shares of the specialty retailer’s stock valued at $998,000 after buying an additional 20,518 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in MarineMax by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 230,123 shares of the specialty retailer’s stock valued at $9,265,000 after buying an additional 1,293 shares in the last quarter. Finally, US Bancorp DE boosted its stake in MarineMax by 149.0% during the first quarter. US Bancorp DE now owns 757 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 453 shares in the last quarter. Institutional investors own 92.85% of the company’s stock.

MarineMax Stock Performance

HZO stock opened at $27.55 on Friday. MarineMax has a 12-month low of $25.60 and a 12-month high of $42.88. The company has a current ratio of 1.28, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41. The stock’s 50 day simple moving average is $31.19 and its 200 day simple moving average is $31.83. The firm has a market cap of $614.37 million, a P/E ratio of 6.82 and a beta of 1.69.

MarineMax (NYSE:HZO) last issued its earnings results on Thursday, January 25th. The specialty retailer reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.37). MarineMax had a return on equity of 10.44% and a net margin of 3.75%. The company 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 earned $1.24 earnings per share. MarineMax’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, equities research analysts predict that MarineMax will post 3.46 EPS for the current year.

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.