MarineMax Inc. (NYSE:HZO) Receives $24.50 Consensus Target Price from Brokerages
Shares of MarineMax Inc. (NYSE:HZO) have been assigned an average recommendation of “Buy” from the five analysts that are covering the company. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $24.75.
Several research firms have recently weighed in on HZO. B. Riley restated a “buy” rating and set a $22.50 price objective on shares of MarineMax in a research report on Monday, August 1st. Forward View reiterated a “hold” rating on shares of MarineMax in a research report on Saturday, May 28th. Finally, Zacks Investment Research upgraded shares of MarineMax from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Thursday, July 28th.
MarineMax (NYSE:HZO) opened at 19.41 on Tuesday. MarineMax has a one year low of $13.56 and a one year high of $22.03. The firm has a market cap of $469.39 million, a price-to-earnings ratio of 9.59 and a beta of 1.28. The stock’s 50 day moving average is $19.82 and its 200 day moving average is $18.38.
MarineMax (NYSE:HZO) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.12. The firm had revenue of $345.60 million for the quarter, compared to analysts’ expectations of $268.34 million. MarineMax had a net margin of 5.55% and a return on equity of 7.88%. The business’s quarterly revenue was up 49.1% on a year-over-year basis. During the same quarter last year, the company posted $0.52 EPS. On average, analysts predict that MarineMax will post $0.90 earnings per share for the current fiscal year.
In other MarineMax news, insider Anthony E. Jr. Cassella sold 7,499 shares of the firm’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $21.50, for a total value of $161,228.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Michael H. Mclamb sold 5,498 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $20.05, for a total transaction of $110,234.90. Following the completion of the sale, the vice president now directly owns 134,146 shares in the company, valued at approximately $2,689,627.30. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in HZO. Cortina Asset Management LLC raised its stake in shares of MarineMax by 180.5% in the second quarter. Cortina Asset Management LLC now owns 293,019 shares of the company’s stock worth $4,973,000 after buying an additional 188,547 shares during the period. Barclays PLC raised its stake in shares of MarineMax by 161.0% in the first quarter. Barclays PLC now owns 10,438 shares of the company’s stock worth $198,000 after buying an additional 6,438 shares during the period. Thomson Horstmann & Bryant Inc. raised its stake in shares of MarineMax by 49.2% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 472,980 shares of the company’s stock worth $9,208,000 after buying an additional 155,890 shares during the period. State Street Corp raised its stake in shares of MarineMax by 0.8% in the first quarter. State Street Corp now owns 616,336 shares of the company’s stock worth $12,002,000 after buying an additional 5,151 shares during the period. Finally, Friess Associates LLC purchased a new stake in shares of MarineMax during the first quarter worth about $613,000. 96.25% of the stock is currently owned by institutional investors and hedge funds.
MarineMax, Inc is a recreational boat dealer in the United States. The Company engages in the retail sale, brokerage, and service of used boats, motors, trailers, marine parts and accessories and offers slip and storage accommodations in certain locations. It offers related boat financing, insurance and extended service contracts.
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