MarineMax, Inc. (NYSE:HZO) Receives $41.50 Consensus PT from Brokerages

Shares of MarineMax, Inc. (NYSE:HZO) have received a consensus recommendation of “Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have covered the stock in the last year is $41.50.

A number of brokerages have recently weighed in on HZO. DA Davidson lowered their price target on MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Benchmark reiterated a “buy” rating and set a $40.00 price target on shares of MarineMax in a report on Friday, January 24th. Finally, StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating in a report on Friday, January 24th.

MarineMax Stock Performance

Shares of NYSE HZO opened at $29.50 on Thursday. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $669.95 million, a price-to-earnings ratio of 12.40 and a beta of 1.91. The stock’s fifty day simple moving average is $29.34 and its 200 day simple moving average is $30.81. MarineMax has a 52-week low of $22.51 and a 52-week high of $38.20.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.31. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. As a group, sell-side analysts forecast that MarineMax will post 2.45 earnings per share for the current fiscal year.

Insider Activity at MarineMax

In other MarineMax news, CAO Anthony E. Jr. Cassella sold 4,000 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $31.06, for a total value of $124,240.00. Following the completion of the sale, the chief accounting officer now owns 11,451 shares of the company’s stock, valued at $355,668.06. The trade was a 25.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Clint Moore sold 4,100 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $30.63, for a total value of $125,583.00. Following the completion of the sale, the director now directly owns 23,560 shares of the company’s stock, valued at $721,642.80. This represents a 14.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Institutional Trading of MarineMax

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its position in shares of MarineMax by 5.2% in the second quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer’s stock worth $267,000 after buying an additional 408 shares during the last quarter. US Bancorp DE lifted its position in shares of MarineMax by 49.6% in the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock worth $51,000 after buying an additional 585 shares during the last quarter. Bfsg LLC lifted its position in shares of MarineMax by 19.1% in the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock worth $150,000 after buying an additional 681 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of MarineMax by 6.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 11,776 shares of the specialty retailer’s stock worth $341,000 after buying an additional 732 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of MarineMax by 8.4% in the third quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer’s stock worth $413,000 after purchasing an additional 905 shares during the period. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Company Profile

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.