BidaskClub upgraded shares of West Marine, Inc. (NASDAQ:WMAR) from a sell rating to a hold rating in a report released on Wednesday, July 5th.

Several other equities analysts also recently weighed in on the company. Forward View raised West Marine from a sell rating to a hold rating in a research report on Friday, June 30th. Zacks Investment Research downgraded West Marine from a buy rating to a hold rating in a research report on Wednesday, June 28th. B. Riley reissued a buy rating and set a $12.00 target price on shares of West Marine in a research report on Tuesday, May 2nd. Finally, TheStreet raised West Marine from a c+ rating to a b rating in a research report on Thursday, April 27th. Five research analysts have rated the stock with a hold rating, The company currently has an average rating of Hold and a consensus target price of $9.99.

West Marine (NASDAQ WMAR) remained flat at $12.89 during mid-day trading on Wednesday. 73,909 shares of the company traded hands. The firm has a 50 day moving average of $11.70 and a 200-day moving average of $10.21. The company has a market cap of $324.40 million, a PE ratio of 38.48 and a beta of 1.31. West Marine has a 1-year low of $7.77 and a 1-year high of $13.01.

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A number of institutional investors have recently bought and sold shares of WMAR. State Street Corp boosted its position in West Marine by 7.2% in the fourth quarter. State Street Corp now owns 278,616 shares of the specialty retailer’s stock worth $2,916,000 after buying an additional 18,759 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in West Marine by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,097,189 shares of the specialty retailer’s stock worth $21,958,000 after buying an additional 5,265 shares during the last quarter. Renaissance Technologies LLC boosted its position in West Marine by 152.0% in the fourth quarter. Renaissance Technologies LLC now owns 289,301 shares of the specialty retailer’s stock worth $3,029,000 after buying an additional 174,501 shares during the last quarter. Menta Capital LLC acquired a new position in West Marine during the fourth quarter worth about $125,000. Finally, Teachers Advisors LLC boosted its position in West Marine by 8.1% in the fourth quarter. Teachers Advisors LLC now owns 34,502 shares of the specialty retailer’s stock worth $361,000 after buying an additional 2,583 shares during the last quarter. Institutional investors own 61.17% of the company’s stock.

About West Marine

West Marine, Inc is a waterlife outfitter for cruisers, sailors, anglers and paddlesports enthusiasts. The Company offers a selection of core boating and water recreation products, primarily serving the needs of boat owners and professionals providing services to them. It services its customers through physical stores and two e-commerce Websites.

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