MarineMax (HZO) Downgraded by TheStreet

TheStreet lowered shares of MarineMax (NYSE:HZO) from a b- rating to a c+ rating in a research report released on Wednesday, TheStreetRatingsTable reports.

A number of other equities analysts have also weighed in on HZO. Zacks Investment Research upgraded shares of MarineMax from a hold rating to a strong-buy rating and set a $21.00 price objective for the company in a report on Saturday, January 26th. ValuEngine lowered shares of MarineMax from a hold rating to a sell rating in a report on Tuesday, January 29th. Craig Hallum upgraded shares of MarineMax from a hold rating to a buy rating and set a $18.39 price objective for the company in a report on Friday, February 1st. Finally, Northcoast Research restated a buy rating on shares of MarineMax in a report on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and an average target price of $26.34.

Shares of NYSE HZO opened at $16.62 on Wednesday. MarineMax has a twelve month low of $15.51 and a twelve month high of $26.11. The company has a market capitalization of $451.10 million, a P/E ratio of 9.78 and a beta of 0.84.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). MarineMax had a return on equity of 10.93% and a net margin of 3.22%. The firm had revenue of $303.59 million during the quarter, compared to analysts’ expectations of $290.24 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. MarineMax’s revenue was up 12.2% on a year-over-year basis. As a group, analysts anticipate that MarineMax will post 1.82 earnings per share for the current 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 transaction of $101,371.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.40% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Gotham Asset Management LLC raised its stake in MarineMax by 20.3% during the 4th quarter. Gotham Asset Management LLC now owns 19,316 shares of the specialty retailer’s stock valued at $354,000 after buying an additional 3,258 shares during the last quarter. Man Group plc raised its stake in MarineMax by 245.2% during the 3rd quarter. Man Group plc now owns 97,047 shares of the specialty retailer’s stock valued at $2,063,000 after buying an additional 68,930 shares during the last quarter. MetLife Investment Advisors LLC raised its stake in MarineMax by 47.8% during the 3rd quarter. MetLife Investment Advisors LLC now owns 18,763 shares of the specialty retailer’s stock valued at $399,000 after buying an additional 6,067 shares during the last quarter. Arizona State Retirement System raised its stake in MarineMax by 7.8% during the 4th quarter. Arizona State Retirement System now owns 35,198 shares of the specialty retailer’s stock valued at $644,000 after buying an additional 2,541 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in MarineMax by 119.7% during the 4th quarter. Prudential Financial Inc. now owns 101,083 shares of the specialty retailer’s stock valued at $1,851,000 after buying an additional 55,079 shares during the last quarter. Institutional investors and hedge funds own 91.51% 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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