MarineMax (NYSE:HZO) Stock Price Up 4.6%

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HZO shares. DA Davidson restated a “buy” rating and set a $34.00 price objective on shares of MarineMax in a research report on Friday, March 15th. StockNews.com downgraded MarineMax from a “hold” rating to a “sell” rating in a research report on Saturday, January 27th. Finally, Truist Financial raised their price objective on MarineMax from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

MarineMax Stock Up 5.1 %

The firm 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 quick ratio of 0.35, a current ratio of 1.28 and a debt-to-equity ratio of 0.41.

MarineMax (NYSE:HZO) last released its earnings results on Thursday, January 25th. The specialty retailer reported $0.19 EPS 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 business had revenue of $527.30 million for the quarter, compared to analyst estimates of $524.76 million. During the same period in the prior year, the business earned $1.24 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, sell-side analysts predict that MarineMax, Inc. will post 3.33 earnings per share for the current year.

Insider Buying and Selling at MarineMax

In other MarineMax news, Director Clint Moore sold 4,000 shares of the firm’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 value of $124,480.00. Following the completion of the sale, the director now owns 20,544 shares of the company’s stock, valued at $639,329.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other MarineMax news, EVP Charles A. Cashman sold 7,500 shares of the firm’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 completion of the sale, the executive vice president now owns 63,981 shares of the company’s stock, valued at $1,904,074.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Clint Moore sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $31.12, for a total value of $124,480.00. Following the completion of the sale, the director now directly owns 20,544 shares of the company’s stock, valued at approximately $639,329.28. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp boosted its position in shares of MarineMax by 442.3% during the third quarter. Fifth Third Bancorp now owns 770 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 628 shares during the last quarter. US Bancorp DE boosted its position in shares of 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 during the last quarter. Amundi purchased a new position in shares of MarineMax during the fourth quarter valued at approximately $46,000. Spire Wealth Management boosted its position in shares of MarineMax by 58.3% during the third quarter. Spire Wealth Management now owns 1,496 shares of the specialty retailer’s stock valued at $49,000 after buying an additional 551 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of MarineMax by 10.4% during the second quarter. Captrust Financial Advisors now owns 2,931 shares of the specialty retailer’s stock valued at $106,000 after buying an additional 275 shares during the last quarter. Hedge funds and other institutional investors 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.