MarineMax, Inc. (NYSE:HZO) CFO Michael H. Mclamb sold 5,000 shares of the firm’s stock in a transaction on Monday, January 11th. The shares were sold at an average price of $40.08, for a total transaction of $200,400.00. Following the sale, the chief financial officer now directly owns 73,002 shares of the company’s stock, valued at $2,925,920.16. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Michael H. Mclamb also recently made the following trade(s):

  • On Thursday, December 24th, Michael H. Mclamb sold 3,900 shares of MarineMax stock. The shares were sold at an average price of $38.06, for a total transaction of $148,434.00.
  • On Monday, December 28th, Michael H. Mclamb sold 5,000 shares of MarineMax stock. The shares were sold at an average price of $38.12, for a total transaction of $190,600.00.

HZO stock traded down $1.10 during mid-day trading on Wednesday, hitting $42.15. 361,909 shares of the company were exchanged, compared to its average volume of 517,764. The firm has a fifty day simple moving average of $34.83 and a 200 day simple moving average of $29.68. The company has a current ratio of 1.85, a quick ratio of 0.75 and a debt-to-equity ratio of 0.02. MarineMax, Inc. has a twelve month low of $7.24 and a twelve month high of $43.67. The company has a market capitalization of $932.44 million, a PE ratio of 12.58 and a beta of 1.78.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Wednesday, October 28th. The specialty retailer reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.78. MarineMax had a net margin of 4.94% and a return on equity of 18.47%. The company had revenue of $398.80 million for the quarter, compared to the consensus estimate of $347.53 million. During the same period last year, the firm posted $0.38 EPS. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. As a group, sell-side analysts anticipate that MarineMax, Inc. will post 3.83 earnings per share for the current year.

A number of equities research analysts recently weighed in on HZO shares. Wolfe Research started coverage on shares of MarineMax in a report on Tuesday, September 22nd. They set an “outperform” rating and a $29.00 price target for the company. B. Riley raised their price target on shares of MarineMax from $40.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday. They noted that the move was a valuation call. ValuEngine lowered shares of MarineMax from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 1st. Raymond James raised their price objective on shares of MarineMax from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, January 4th. Finally, Zacks Investment Research lowered shares of MarineMax from a “buy” rating to a “hold” rating in a report on Wednesday, January 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $31.17.

Several institutional investors have recently bought and sold shares of the company. State Street Corp lifted its position in shares of MarineMax by 5.2% in the 3rd quarter. State Street Corp now owns 808,288 shares of the specialty retailer’s stock worth $20,749,000 after buying an additional 39,829 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of MarineMax by 239.6% in the 3rd quarter. Acadian Asset Management LLC now owns 694,108 shares of the specialty retailer’s stock worth $17,820,000 after buying an additional 489,743 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of MarineMax by 426.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 397,701 shares of the specialty retailer’s stock worth $10,209,000 after buying an additional 322,167 shares during the last quarter. Morgan Stanley lifted its position in shares of MarineMax by 5.5% in the 1st quarter. Morgan Stanley now owns 337,015 shares of the specialty retailer’s stock worth $3,512,000 after buying an additional 17,462 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of MarineMax by 38.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 285,606 shares of the specialty retailer’s stock worth $7,332,000 after buying an additional 78,629 shares during the last quarter.

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, boats, and sport cruisers; mega-yachts, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.

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