MarineMax Inc (NYSE:HZO) – Equities researchers at B. Riley decreased their Q4 2020 earnings per share estimates for MarineMax in a note issued to investors on Monday, March 23rd. B. Riley analyst E. Wold now expects that the specialty retailer will post earnings per share of $0.21 for the quarter, down from their prior forecast of $0.32. B. Riley has a “Buy” rating and a $13.50 price objective on the stock.

A number of other brokerages have also recently commented on HZO. ValuEngine raised MarineMax from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. TheStreet raised MarineMax from a “c+” rating to a “b” rating in a research report on Thursday, January 23rd. Raymond James raised MarineMax from a “market perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a research report on Tuesday, February 18th. SunTrust Banks reissued a “buy” rating and issued a $26.00 price target on shares of MarineMax in a research report on Friday, January 24th. Finally, Zacks Investment Research raised MarineMax from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $21.08.

Shares of HZO opened at $9.48 on Wednesday. The company has a quick ratio of 0.20, a current ratio of 1.39 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average price is $16.04 and its 200-day moving average price is $16.43. MarineMax has a 52 week low of $7.24 and a 52 week high of $23.15. The stock has a market cap of $169.45 million, a P/E ratio of 5.30 and a beta of 1.16.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.34. MarineMax had a return on equity of 11.22% and a net margin of 3.09%. The firm had revenue of $304.20 million for the quarter, compared to analysts’ expectations of $260.33 million. During the same period in the previous year, the firm posted $0.21 EPS. The business’s revenue for the quarter was up 25.8% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently made changes to their positions in HZO. Monarch Partners Asset Management LLC purchased a new position in MarineMax in the 4th quarter worth approximately $3,540,000. Jacobs Levy Equity Management Inc. purchased a new stake in MarineMax during the 4th quarter valued at $1,940,000. Goldman Sachs Group Inc. raised its stake in MarineMax by 219.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 168,584 shares of the specialty retailer’s stock valued at $2,813,000 after buying an additional 115,815 shares during the last quarter. Nuveen Asset Management LLC raised its stake in MarineMax by 45.9% during the 4th quarter. Nuveen Asset Management LLC now owns 174,469 shares of the specialty retailer’s stock valued at $2,912,000 after buying an additional 54,913 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in MarineMax during the 4th quarter valued at $751,000. Institutional investors own 83.16% of the company’s stock.

In related news, CEO W Brett Mcgill sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $21.64, for a total value of $108,200.00. Following the completion of the transaction, the chief executive officer now directly owns 51,308 shares in the company, valued at approximately $1,110,305.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Charles A. Cashman sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $20.32, for a total transaction of $50,800.00. Following the completion of the transaction, the executive vice president now owns 46,424 shares of the company’s stock, valued at $943,335.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,156 shares of company stock valued at $216,768. 4.80% of the stock is owned by company insiders.

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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Earnings History and Estimates for MarineMax (NYSE:HZO)

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