MarineMax (NYSE:HZO) Reaches New 52-Week Low – Here’s Why

MarineMax, Inc. (NYSE:HZO) reached a new 52-week low on Friday . The stock traded as low as $22.37 and last traded at $22.09, with a volume of 181571 shares. The stock had previously closed at $22.76.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HZO shares. DA Davidson cut their target price on MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Benchmark restated a “buy” rating and set a $40.00 target price on shares of MarineMax in a research note on Friday, January 24th. StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Finally, B. Riley upgraded MarineMax to a “strong-buy” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $41.50.

MarineMax Stock Down 0.0 %

The company has a market capitalization of $516.79 million, a P/E ratio of 9.56 and a beta of 1.94. The stock has a 50 day moving average price of $27.50 and a 200 day moving average price of $29.94. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35.

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

Insider Activity at MarineMax

In other MarineMax news, CAO Anthony E. Jr. Cassella sold 4,000 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $31.06, for a total transaction of $124,240.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Clint Moore sold 4,100 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $30.63, for a total value of $125,583.00. Following the sale, the director now owns 23,560 shares of the company’s stock, valued at approximately $721,642.80. The trade was a 14.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by company insiders.

Institutional Trading of MarineMax

Large investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its holdings in MarineMax by 211.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock worth $43,000 after acquiring an additional 1,058 shares during the period. US Bancorp DE boosted its position in shares of MarineMax by 49.6% during the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock worth $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 3rd quarter worth about $67,000. Aquatic Capital Management LLC bought a new position in shares of MarineMax during the 4th quarter worth about $82,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of MarineMax during the 4th quarter worth about $113,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

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.