MarineMax Inc (HZO) Receives $27.23 Consensus Target Price from Analysts

MarineMax Inc (NYSE:HZO) has been given an average rating of “Buy” by the eleven brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $27.23.

HZO has been the topic of several research reports. Zacks Investment Research cut shares of MarineMax from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. ValuEngine cut MarineMax from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. TheStreet raised MarineMax from a “c+” rating to a “b-” rating in a research note on Friday, January 18th. Northcoast Research reissued a “buy” rating on shares of MarineMax in a research note on Thursday, March 14th. Finally, Craig Hallum raised MarineMax from a “hold” rating to a “buy” rating and set a $18.39 price target on the stock in a research note on Friday, February 1st.

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

A number of large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 valued at $28,000 after buying an additional 831 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of MarineMax in the 4th quarter valued at approximately $84,000. Pacer Advisors Inc. bought a new stake in shares of MarineMax in the 3rd quarter valued at approximately $105,000. SG Americas Securities LLC bought a new stake in shares of MarineMax in the 3rd quarter valued at approximately $128,000. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in 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 purchasing an additional 6,067 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

MarineMax stock traded up $0.07 during midday trading on Wednesday, hitting $19.23. The company’s stock had a trading volume of 2,907 shares, compared to its average volume of 289,985. MarineMax has a 12 month low of $16.40 and a 12 month high of $26.11. The stock has a market cap of $437.56 million, a PE ratio of 11.30 and a beta of 0.90.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Wednesday, January 23rd. The specialty retailer reported $0.21 EPS for the quarter, topping the consensus estimate of $0.14 by $0.07. MarineMax had a net margin of 3.38% and a return on equity of 11.47%. The firm had revenue of $241.90 million for the quarter, compared to analysts’ expectations of $252.03 million. During the same period in the previous year, the business earned $0.19 earnings per share. MarineMax’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that MarineMax will post 1.95 EPS for the current fiscal year.

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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