Shares of MarineMax Inc (NYSE:HZO) have been assigned an average recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $22.67.

Several research analysts have weighed in on the company. Longbow Research lowered MarineMax from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 30th. Zacks Investment Research raised MarineMax from a “sell” rating to a “hold” rating in a research report on Wednesday, January 1st. ValuEngine raised MarineMax from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $26.00 price target on shares of MarineMax in a research report on Friday.

Shares of NYSE:HZO traded down $0.47 during trading on Tuesday, hitting $21.62. 24,600 shares of the company were exchanged, compared to its average volume of 144,072. The stock has a market cap of $374.74 million, a price-to-earnings ratio of 13.65 and a beta of 0.91. MarineMax has a fifty-two week low of $13.73 and a fifty-two week high of $22.32. The firm has a fifty day moving average price of $16.79 and a two-hundred day moving average price of $15.93.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.34. The firm had revenue of $304.20 million for the quarter, compared to analyst estimates of $260.33 million. MarineMax had a return on equity of 10.24% and a net margin of 2.91%. The business’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 EPS. As a group, sell-side analysts predict that MarineMax will post 1.65 EPS for the current fiscal year.

In other news, Director Joseph Allen Watters sold 10,000 shares of MarineMax stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $16.12, for a total transaction of $161,200.00. Insiders own 4.40% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of HZO. Advisors Preferred LLC bought a new position in shares of MarineMax during the 4th quarter worth approximately $33,000. Bank of Montreal Can boosted its stake in MarineMax by 229.9% in the 2nd quarter. Bank of Montreal Can now owns 2,669 shares of the specialty retailer’s stock valued at $44,000 after purchasing an additional 1,860 shares during the period. State of Tennessee Treasury Department boosted its stake in MarineMax by 8.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 9,804 shares of the specialty retailer’s stock valued at $152,000 after purchasing an additional 771 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in MarineMax in the 3rd quarter valued at $158,000. Finally, Cubist Systematic Strategies LLC boosted its stake in MarineMax by 10.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 12,227 shares of the specialty retailer’s stock valued at $201,000 after purchasing an additional 1,144 shares during the period. Institutional investors own 83.16% 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.

Read More: What is an Initial Coin Offering (ICO)?

Analyst Recommendations for MarineMax (NYSE:HZO)

Receive News & Ratings for MarineMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarineMax and related companies with MarketBeat.com's FREE daily email newsletter.