TheStreet Lowers MarineMax, Inc. (NYSE:HZO) to C+
Several other research firms have also recently weighed in on HZO. Zacks Investment Research cut MarineMax from a buy rating to a hold rating in a research note on Wednesday, April 26th. B. Riley restated a buy rating and set a $26.00 target price on shares of MarineMax in a research note on Friday, April 28th. Citigroup Inc. restated a buy rating and set a $25.00 target price (down previously from $26.00) on shares of MarineMax in a research note on Monday, May 15th. Finally, BidaskClub cut MarineMax from a hold rating to a sell rating in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. MarineMax presently has a consensus rating of Hold and a consensus target price of $23.33.
MarineMax (NYSE HZO) opened at 14.85 on Wednesday. The company has a 50 day moving average of $18.21 and a 200 day moving average of $19.99. The stock has a market capitalization of $360.50 million, a price-to-earnings ratio of 14.85 and a beta of 1.04. MarineMax has a 12 month low of $13.80 and a 12 month high of $23.65.
MarineMax (NYSE:HZO) last posted its earnings results on Thursday, July 20th. The specialty retailer reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.68 by $0.11. The business had revenue of $329.80 million for the quarter, compared to analysts’ expectations of $383.01 million. MarineMax had a return on equity of 7.53% and a net margin of 2.45%. MarineMax’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS. On average, equities analysts predict that MarineMax will post $1.00 EPS for the current year.
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A number of large investors have recently modified their holdings of the stock. Texas Permanent School Fund boosted its stake in shares of MarineMax by 1.2% in the second quarter. Texas Permanent School Fund now owns 17,779 shares of the specialty retailer’s stock worth $348,000 after buying an additional 205 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of MarineMax by 293.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 34,920 shares of the specialty retailer’s stock worth $682,000 after buying an additional 26,040 shares in the last quarter. Thomson Horstmann & Bryant Inc. purchased a new stake in shares of MarineMax during the second quarter worth $6,165,000. Goldman Sachs Group Inc. boosted its stake in shares of MarineMax by 62.5% in the first quarter. Goldman Sachs Group Inc. now owns 84,106 shares of the specialty retailer’s stock worth $1,821,000 after buying an additional 32,364 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its stake in shares of MarineMax by 33.9% in the first quarter. Driehaus Capital Management LLC now owns 300,639 shares of the specialty retailer’s stock worth $6,509,000 after buying an additional 76,070 shares in the last quarter. Institutional investors own 90.91% of the company’s stock.
MarineMax Company Profile
MarineMax, Inc is a recreational boat and yacht dealer in the United States. Through 56 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas, the Company sold new and used recreational boats, including pleasure and fishing boats, as of September 30, 2016.
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