MarineMax (NYSE:HZO)‘s stock had its “buy” rating reissued by Northcoast Research in a research report issued to clients and investors on Thursday. Northcoast Research also issued estimates for MarineMax’s FY2020 earnings at $2.20 EPS.

Several other equities analysts have also recently issued reports on HZO. ValuEngine cut shares of MarineMax from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. B. Riley set a $30.00 price objective on shares of MarineMax and gave the company a “buy” rating in a research note on Monday, December 3rd. TheStreet cut shares of MarineMax from a “b” rating to a “c+” rating in a research note on Wednesday, December 26th. Zacks Investment Research cut shares of MarineMax from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Craig Hallum raised shares of MarineMax from a “hold” rating to a “buy” rating and set a $18.39 price objective on the stock in a research note on Friday, February 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $26.34.

Shares of MarineMax stock opened at $19.16 on Thursday. The firm has a market capitalization of $433.45 million, a PE ratio of 11.27 and a beta of 0.91. MarineMax has a 12 month low of $16.40 and a 12 month high of $26.11.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Wednesday, January 23rd. The specialty retailer reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.07. The company had revenue of $241.90 million for the quarter, compared to analysts’ expectations of $252.03 million. MarineMax had a net margin of 3.38% and a return on equity of 11.47%. MarineMax’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 EPS. Analysts predict that MarineMax will post 1.94 earnings per share for the current fiscal year.

In other MarineMax news, CEO W Brett Mcgill sold 5,061 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $20.03, for a total value of $101,371.83. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.50% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of MarineMax by 118.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,534 shares of the specialty retailer’s stock worth $28,000 after buying an additional 831 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of MarineMax in the 4th quarter worth about $84,000. Pacer Advisors Inc. purchased a new stake in shares of MarineMax in the 3rd quarter worth about $105,000. SG Americas Securities LLC purchased a new stake in shares of MarineMax in the 3rd quarter worth about $128,000. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of MarineMax by 355.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,773 shares of the specialty retailer’s stock worth $142,000 after buying an additional 6,067 shares in the last quarter. Institutional investors own 91.53% of the company’s stock.

About MarineMax

MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.

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Analyst Recommendations for MarineMax (NYSE:HZO)

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