Brokerages Set MarineMax, Inc. (NYSE:HZO) Price Target at $38.50

MarineMax, Inc. (NYSE:HZO) has received an average rating of “Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $38.50.

Several brokerages recently commented on HZO. Benchmark reissued a “buy” rating and issued a $40.00 price target on shares of MarineMax in a report on Friday, January 24th. Truist Financial reduced their price target on shares of MarineMax from $38.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, April 14th. StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. DA Davidson decreased their target price on MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Finally, B. Riley upgraded MarineMax to a “strong-buy” rating in a research report on Wednesday, February 12th.

Insider Buying and Selling at MarineMax

In other news, Director Clint Moore sold 4,100 shares of MarineMax stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $30.63, for a total transaction of $125,583.00. Following the sale, the director now owns 23,560 shares of the company’s stock, valued at approximately $721,642.80. The trade was a 14.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $31.06, for a total value of $124,240.00. Following the completion of the transaction, the chief accounting officer now owns 11,451 shares of the company’s stock, valued at $355,668.06. The trade was a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. lifted its holdings in shares of MarineMax by 2.8% in the 4th quarter. American Century Companies Inc. now owns 2,032,468 shares of the specialty retailer’s stock worth $58,840,000 after acquiring an additional 55,592 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of MarineMax by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 1,494,999 shares of the specialty retailer’s stock worth $43,280,000 after buying an additional 20,909 shares during the period. Royce & Associates LP grew its stake in shares of MarineMax by 11.7% in the fourth quarter. Royce & Associates LP now owns 412,156 shares of the specialty retailer’s stock valued at $11,932,000 after buying an additional 43,330 shares in the last quarter. Levin Capital Strategies L.P. lifted 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 acquiring an additional 4,480 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of MarineMax by 17.3% during the fourth quarter. Invesco Ltd. now owns 347,481 shares of the specialty retailer’s stock worth $10,060,000 after purchasing an additional 51,352 shares in the last quarter. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Stock Up 17.4 %

HZO stock opened at $22.69 on Tuesday. MarineMax has a one year low of $16.85 and a one year high of $38.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.19. The firm’s fifty day moving average is $22.41 and its 200 day moving average is $27.37. The firm has a market cap of $515.22 million, a PE ratio of 9.53 and a beta of 1.83.

MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. On average, research analysts forecast that MarineMax will post 2.41 EPS for the current year.

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.