MarineMax Inc (HZO) Receives Average Recommendation of “Buy” from Brokerages

MarineMax Inc (NYSE:HZO) has been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $27.23.

A number of analysts have recently commented on the stock. Zacks Investment Research lowered shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Northcoast Research restated a “buy” rating on shares of MarineMax in a report on Friday, April 26th. Craig Hallum upgraded shares of MarineMax from a “hold” rating to a “buy” rating and set a $18.39 target price on the stock in a report on Friday, February 1st. TheStreet downgraded shares of MarineMax from a “b-” rating to a “c+” rating in a report on Wednesday, May 8th. Finally, ValuEngine upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a report on Thursday, April 4th.

In related 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 filing with the SEC, which is available through this hyperlink. 4.40% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of MarineMax by 118.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,534 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 831 shares during the last quarter. Cutler Group LP acquired a new position in shares of MarineMax in the first quarter valued at $30,000. Manchester Capital Management LLC acquired a new position in shares of MarineMax in the first quarter valued at $40,000. Quantamental Technologies LLC acquired a new position in shares of MarineMax in the fourth quarter valued at $84,000. Finally, Cresset Asset Management LLC acquired a new position in shares of MarineMax in the first quarter valued at $95,000. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Shares of HZO stock traded up $0.16 during trading on Thursday, reaching $16.88. The company’s stock had a trading volume of 442,214 shares, compared to its average volume of 356,260. The firm has a market cap of $456.84 million, a PE ratio of 9.93 and a beta of 0.84. MarineMax has a one year low of $15.51 and a one year high of $26.11.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.08). The business had revenue of $303.59 million during the quarter, compared to the consensus estimate of $290.24 million. MarineMax had a return on equity of 10.93% and a net margin of 3.22%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. As a group, equities analysts predict that MarineMax will post 1.82 EPS for the current year.

MarineMax Company Profile

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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