MarineMax, Inc. (NYSE:HZO) Given Consensus Recommendation of “Buy” by Analysts

MarineMax, Inc. (NYSE:HZO) has received an average rating of “Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $41.50.

Several brokerages recently weighed in on HZO. B. Riley raised shares of MarineMax to a “strong-buy” rating in a report on Wednesday, February 12th. StockNews.com upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. DA Davidson reduced their price objective on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Finally, Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of MarineMax in a research report on Friday, January 24th.

Insiders Place Their Bets

In other news, CAO Anthony E. Jr. Cassella sold 4,000 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $31.06, for a total transaction of $124,240.00. Following the transaction, the chief accounting officer now directly owns 11,451 shares in the company, valued at approximately $355,668.06. This trade represents a 25.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Clint Moore sold 4,100 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $30.63, for a total transaction of $125,583.00. Following the transaction, the director now owns 23,560 shares in the company, valued at approximately $721,642.80. This represents a 14.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On MarineMax

Hedge funds and other institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its stake in shares of MarineMax by 211.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 1,058 shares in the last quarter. US Bancorp DE boosted its stake in shares of MarineMax by 49.6% during the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock valued at $51,000 after purchasing an additional 585 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of MarineMax during the third quarter valued at approximately $67,000. Aquatic Capital Management LLC bought a new position in shares of MarineMax during the fourth quarter valued at approximately $82,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of MarineMax during the fourth quarter valued at approximately $113,000. 92.85% of the stock is currently owned by institutional investors.

MarineMax Trading Down 0.6 %

Shares of HZO stock opened at $25.39 on Monday. MarineMax has a 1 year low of $22.51 and a 1 year high of $38.20. The firm has a fifty day moving average price of $28.45 and a 200-day moving average price of $30.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.24. The company has a market cap of $576.42 million, a price-to-earnings ratio of 10.67 and a beta of 1.91.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.31. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. As a group, equities analysts predict that MarineMax will post 2.41 earnings per share for the current year.

MarineMax Company Profile

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.