News coverage about West Marine (NASDAQ:WMAR) has trended very positive recently, according to AlphaOne Sentiment. The research firm, a service of Accern, scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. West Marine earned a daily sentiment score of 0.69 on AlphaOne’s scale. AlphaOne also assigned news stories about the specialty retailer an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.

Insider Buying and Selling by Quarter for West Marine (NASDAQ:WMAR)

A number of equities research analysts recently issued reports on WMAR shares. B. Riley reiterated a “buy” rating and issued a $12.00 price objective on shares of West Marine in a report on Sunday, February 26th. Zacks Investment Research upgraded shares of West Marine from a “sell” rating to a “hold” rating and set a $10.00 price objective for the company in a report on Tuesday, February 28th. Finally, TheStreet raised shares of West Marine from a “c+” rating to a “b” rating in a research report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $9.75.

West Marine (WMAR) traded down 1.71% on Friday, reaching $9.77. 136,894 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $10.19 and its 200-day moving average is $9.79. West Marine has a 12 month low of $7.77 and a 12 month high of $11.72. The firm has a market cap of $245.88 million, a PE ratio of 29.16 and a beta of 1.40.

West Marine (NASDAQ:WMAR) last announced its quarterly earnings data on Wednesday, April 26th. The specialty retailer reported ($0.29) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.07. West Marine had a net margin of 1.19% and a return on equity of 2.70%. The company had revenue of $129.10 million during the quarter, compared to the consensus estimate of $130.88 million. During the same quarter last year, the firm posted ($0.37) EPS. The company’s quarterly revenue was down 1.0% on a year-over-year basis. On average, equities analysts forecast that West Marine will post $0.37 earnings per share for the current year.

The company also recently disclosed a special dividend, which was paid on Thursday, May 25th. Stockholders of record on Thursday, May 11th were given a $0.05 dividend. The ex-dividend date was Tuesday, May 9th. West Marine’s dividend payout ratio (DPR) is presently 60.61%.

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About West Marine

West Marine, Inc is a waterlife outfitter for cruisers, sailors, anglers and paddlesports enthusiasts. The Company offers a selection of core boating and water recreation products, primarily serving the needs of boat owners and professionals providing services to them. It services its customers through physical stores and two e-commerce Websites.

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