MarineMax (NYSE:HZO) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b” rating in a research report issued on Thursday.

HZO has been the topic of a number of other research reports. Ifs Securities restated a “strong-buy” rating and set a $20.00 price target on shares of MarineMax in a report on Thursday, August 24th. CL King assumed coverage on shares of MarineMax in a report on Monday, November 13th. They set a “neutral” rating on the stock. B. Riley restated a “buy” rating and set a $19.75 price target on shares of MarineMax in a report on Wednesday, September 20th. Craig Hallum set a $21.00 price target on shares of MarineMax and gave the company a “buy” rating in a report on Tuesday, October 31st. Finally, Citigroup boosted their price target on shares of MarineMax from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $21.67.

MarineMax (NYSE HZO) traded up $0.10 during mid-day trading on Thursday, hitting $21.70. 188,741 shares of the stock were exchanged, compared to its average volume of 256,822. MarineMax has a twelve month low of $13.80 and a twelve month high of $23.65. The firm has a market capitalization of $572.41, a price-to-earnings ratio of 21.39, a P/E/G ratio of 0.62 and a beta of 1.04.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Tuesday, October 31st. The specialty retailer reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.11. MarineMax had a net margin of 2.24% and a return on equity of 7.82%. The business had revenue of $250.62 million for the quarter, compared to analyst estimates of $231.96 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. equities research analysts predict that MarineMax will post 1.16 EPS for the current fiscal year.

In related news, CEO William H. Mcgill, Jr. sold 5,400 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $22.00, for a total transaction of $118,800.00. Following the transaction, the chief executive officer now directly owns 262,142 shares of the company’s stock, valued at $5,767,124. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman William H. Mcgill, Jr. sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $22.03, for a total transaction of $771,050.00. Following the transaction, the chairman now directly owns 262,142 shares in the company, valued at $5,774,988.26. The disclosure for this sale can be found here. Insiders have sold 101,900 shares of company stock worth $2,165,940 over the last ninety days. 5.00% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA grew its position in MarineMax by 58.1% during the second quarter. BNP Paribas Arbitrage SA now owns 7,348 shares of the specialty retailer’s stock valued at $144,000 after purchasing an additional 2,699 shares in the last quarter. Boothbay Fund Management LLC purchased a new position in MarineMax during the third quarter valued at approximately $182,000. CAPROCK Group Inc. bought a new stake in MarineMax in the third quarter worth approximately $213,000. Crossmark Global Holdings Inc. bought a new stake in MarineMax in the third quarter worth approximately $232,000. Finally, Gabelli Funds LLC bought a new stake in MarineMax in the third quarter worth approximately $248,000. 98.81% of the stock is currently owned by hedge funds and other institutional investors.

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MarineMax Company Profile

MarineMax, Inc is a recreational boat and yacht dealer in the United States. Through 56 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas, the Company sold new and used recreational boats, including pleasure and fishing boats, as of September 30, 2016.

Analyst Recommendations for MarineMax (NYSE:HZO)

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