MarineMax Inc. (HZO) Downgraded to Hold at Zacks Investment Research
According to Zacks, “MarineMax, Inc. is a recreational boat dealer in the United States. Through retail locations, the company sells new and used recreational boats and fishing boats with a focus on premium brands in each segment. “
Several other analysts have also recently issued reports on the company. B. Riley reiterated a buy rating and issued a $22.50 price objective on shares of MarineMax in a research note on Monday, August 1st. Forward View upgraded MarineMax from a hold rating to a buy rating in a research note on Thursday, July 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $24.50.
MarineMax (NYSE:HZO) opened at 20.85 on Tuesday. MarineMax has a one year low of $13.56 and a one year high of $22.03. The firm has a market cap of $504.22 million, a PE ratio of 10.30 and a beta of 1.32. The stock has a 50 day moving average price of $20.28 and a 200 day moving average price of $18.74.
MarineMax (NYSE:HZO) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.12. The business had revenue of $345.60 million for the quarter, compared to analysts’ expectations of $268.34 million. MarineMax had a return on equity of 7.88% and a net margin of 5.55%. The company’s revenue for the quarter was up 49.1% compared to the same quarter last year. During the same period last year, the firm earned $0.52 earnings per share. Equities research analysts expect that MarineMax will post $0.90 EPS for the current year.
In other news, EVP Paulee C. Day sold 7,500 shares of MarineMax stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $20.08, for a total transaction of $150,600.00. Following the completion of the sale, the executive vice president now directly owns 18,411 shares in the company, valued at approximately $369,692.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP W Brett Mcgill sold 2,537 shares of MarineMax stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $21.48, for a total transaction of $54,494.76. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its stake in MarineMax by 97.7% in the second quarter. BNP Paribas Arbitrage SA now owns 7,555 shares of the company’s stock worth $128,000 after buying an additional 3,733 shares during the last quarter. Riverhead Capital Management LLC increased its stake in MarineMax by 506.9% in the second quarter. Riverhead Capital Management LLC now owns 11,682 shares of the company’s stock worth $160,000 after buying an additional 9,757 shares during the last quarter. Bank of Montreal Can bought a new stake in MarineMax during the second quarter worth about $179,000. Louisiana State Employees Retirement System increased its stake in MarineMax by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the company’s stock worth $183,000 after buying an additional 100 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in MarineMax by 4.8% in the second quarter. Thrivent Financial for Lutherans now owns 11,600 shares of the company’s stock worth $197,000 after buying an additional 530 shares during the last quarter.
MarineMax Company Profile
MarineMax, Inc is a recreational boat dealer in the United States. The Company engages in the retail sale, brokerage, and service of used boats, motors, trailers, marine parts and accessories and offers slip and storage accommodations in certain locations. It offers related boat financing, insurance and extended service contracts.
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