MarineMax Inc (NYSE:HZO) CEO W Brett Mcgill sold 5,000 shares of MarineMax stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $28.57, for a total transaction of $142,850.00. Following the completion of the sale, the chief executive officer now directly owns 46,308 shares in the company, valued at approximately $1,323,019.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NYSE HZO opened at $29.75 on Friday. The company’s 50 day moving average is $23.41 and its 200-day moving average is $17.67. MarineMax Inc has a 12-month low of $7.24 and a 12-month high of $30.45. The company has a quick ratio of 0.62, a current ratio of 1.77 and a debt-to-equity ratio of 0.08. The firm has a market cap of $639.11 million, a P/E ratio of 11.36 and a beta of 1.85.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.86. MarineMax had a net margin of 3.93% and a return on equity of 14.68%. The company had revenue of $498.30 million for the quarter, compared to analyst estimates of $414.69 million. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. Equities analysts expect that MarineMax Inc will post 2.54 EPS for the current year.

Several brokerages have commented on HZO. TheStreet raised shares of MarineMax from a “c+” rating to a “b-” rating in a research report on Monday, July 20th. Northcoast Research reaffirmed a “buy” rating on shares of MarineMax in a research report on Wednesday, July 22nd. Craig Hallum lifted their price objective on shares of MarineMax from $16.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Zacks Investment Research raised shares of MarineMax from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Wednesday, June 3rd. Finally, Raymond James lifted their price objective on shares of MarineMax from $23.50 to $31.50 and gave the stock an “outperform” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. MarineMax has a consensus rating of “Buy” and an average target price of $24.30.

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Quadrant L P CA bought a new stake in shares of MarineMax in the first quarter valued at approximately $57,000. SG Americas Securities LLC purchased a new position in MarineMax during the second quarter valued at approximately $172,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in MarineMax during the first quarter valued at approximately $112,000. Cornerstone Investment Partners LLC purchased a new position in MarineMax during the first quarter valued at approximately $137,000. Finally, Aigen Investment Management LP grew its stake in MarineMax by 719.4% during the first quarter. Aigen Investment Management LP now owns 14,635 shares of the specialty retailer’s stock valued at $153,000 after acquiring an additional 12,849 shares in the last quarter. 83.16% of the stock is currently owned by institutional investors.

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.

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Insider Buying and Selling by Quarter for MarineMax (NYSE:HZO)

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