MarineMax (NYSE:HZO – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.
Several other equities research analysts have also recently weighed in on HZO. DA Davidson reduced their price target on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday. Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of MarineMax in a research note on Friday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.50.
Read Our Latest Stock Report on MarineMax
MarineMax Stock Down 4.8 %
MarineMax (NYSE:HZO – Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.31. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. Analysts forecast that MarineMax will post 2.25 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in shares of MarineMax in the 2nd quarter worth about $52,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in MarineMax in the third quarter worth about $67,000. Point72 Asset Management L.P. purchased a new position in shares of MarineMax during the third quarter valued at approximately $143,000. Bfsg LLC grew its stake in shares of MarineMax by 19.1% during the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock valued at $150,000 after buying an additional 681 shares during the last quarter. Finally, Systematic Financial Management LP purchased a new stake in shares of MarineMax in the third quarter worth approximately $183,000. Institutional investors own 92.85% of the company’s stock.
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.
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