MarineMax, Inc. (NYSE:HZO) CFO Michael H. Mclamb Sells 5,000 Shares


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MarineMax, Inc. (NYSE:HZO) CFO Michael H. Mclamb sold 5,000 shares of the company’s stock in a transaction dated Monday, January 11th. The stock was sold at an average price of $40.08, for a total value of $200,400.00. Following the sale, the chief financial officer now owns 73,002 shares in the company, valued at approximately $2,925,920.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Michael H. Mclamb also recently made the following trade(s):

  • On Thursday, December 24th, Michael H. Mclamb sold 3,900 shares of MarineMax stock. The stock was sold at an average price of $38.06, for a total value of $148,434.00.
  • On Monday, December 28th, Michael H. Mclamb sold 5,000 shares of MarineMax stock. The stock was sold at an average price of $38.12, for a total value of $190,600.00.

MarineMax stock opened at $42.15 on Thursday. MarineMax, Inc. has a twelve month low of $7.24 and a twelve month high of $43.67. The stock has a 50 day moving average of $35.01 and a two-hundred day moving average of $29.78. The company has a current ratio of 1.85, a quick ratio of 0.75 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $932.44 million, a price-to-earnings ratio of 12.58 and a beta of 1.78.

MarineMax (NYSE:HZO) last issued its earnings results on Wednesday, October 28th. The specialty retailer reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.78. The business had revenue of $398.80 million during the quarter, compared to the consensus estimate of $347.53 million. MarineMax had a return on equity of 18.47% and a net margin of 4.94%. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 EPS. Equities analysts predict that MarineMax, Inc. will post 3.83 earnings per share for the current year.

Several equities research analysts have weighed in on HZO shares. ValuEngine downgraded MarineMax from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 1st. Wolfe Research assumed coverage on MarineMax in a research report on Tuesday, September 22nd. They set an “outperform” rating and a $29.00 price objective for the company. Raymond James upped their price objective on MarineMax from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, January 4th. B. Riley upped their price objective on MarineMax from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday. They noted that the move was a valuation call. Finally, Zacks Investment Research raised MarineMax from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $33.67.

Several hedge funds have recently modified their holdings of HZO. Private Advisor Group LLC purchased a new position in MarineMax in the 2nd quarter valued at approximately $26,000. Public Employees Retirement System of Ohio increased its stake in MarineMax by 85.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,206 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 557 shares in the last quarter. USA Financial Portformulas Corp purchased a new position in MarineMax in the 3rd quarter valued at approximately $34,000. Denali Advisors LLC purchased a new position in MarineMax in the 3rd quarter valued at approximately $100,000. Finally, Robeco Institutional Asset Management B.V. purchased a new position in MarineMax in the 3rd quarter valued at approximately $118,000.

About MarineMax

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, boats, and sport cruisers; mega-yachts, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.

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