Brokerages Set MarineMax Inc (NYSE:HZO) Price Target at $27.23

Shares of MarineMax Inc (NYSE:HZO) have received a consensus rating of “Buy” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $27.23.

A number of analysts have commented on HZO shares. Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, June 27th. ValuEngine upgraded shares of YPF from a “sell” rating to a “hold” rating in a report on Monday, June 24th. Northcoast Research reiterated a “buy” rating on shares of MarineMax in a report on Friday, April 26th. Finally, TheStreet upgraded shares of WillScot from a “d-” rating to a “c-” rating in a report on Wednesday, May 8th.

Shares of HZO traded up $0.10 during mid-day trading on Friday, hitting $17.00. 141,756 shares of the company were exchanged, compared to its average volume of 324,585. MarineMax has a 1-year low of $15.34 and a 1-year high of $26.11. The firm’s 50 day simple moving average is $16.40. The stock has a market cap of $460.94 million, a PE ratio of 10.00 and a beta of 0.88.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.08). The company had revenue of $303.59 million for the quarter, compared to analyst estimates of $290.24 million. MarineMax had a return on equity of 10.93% and a net margin of 3.22%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. Sell-side analysts anticipate that MarineMax will post 1.79 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of MarineMax by 6.5% in the 4th quarter. BlackRock Inc. now owns 3,731,742 shares of the specialty retailer’s stock valued at $68,327,000 after buying an additional 227,836 shares during the period. Eagle Asset Management Inc. boosted its position in shares of MarineMax by 1.1% during the 1st quarter. Eagle Asset Management Inc. now owns 2,736,659 shares of the specialty retailer’s stock worth $52,434,000 after purchasing an additional 30,540 shares during the period. Impala Asset Management LLC boosted its position in shares of MarineMax by 13.3% during the 1st quarter. Impala Asset Management LLC now owns 722,532 shares of the specialty retailer’s stock worth $13,844,000 after purchasing an additional 84,661 shares during the period. Global Alpha Capital Management Ltd. boosted its position in shares of MarineMax by 10.9% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 479,468 shares of the specialty retailer’s stock worth $9,187,000 after purchasing an additional 47,200 shares during the period. Finally, Cortina Asset Management LLC boosted its position in shares of MarineMax by 13.2% during the 2nd quarter. Cortina Asset Management LLC now owns 427,072 shares of the specialty retailer’s stock worth $7,021,000 after purchasing an additional 49,738 shares during the period. 91.93% of the stock is owned by institutional investors and hedge funds.

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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