MarineMax, Inc. (NYSE:HZO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of MarineMax, Inc. (NYSE:HZO) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $39.00.

A number of equities analysts have commented on the company. Truist Financial raised their price objective on MarineMax from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. DA Davidson reaffirmed a “buy” rating and set a $34.00 price objective on shares of MarineMax in a research report on Friday, March 15th. Finally, StockNews.com lowered shares of MarineMax from a “hold” rating to a “sell” rating in a report on Saturday, January 27th.

Insiders Place Their Bets

In related news, EVP Charles A. Cashman sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $29.76, for a total transaction of $223,200.00. Following the completion of the transaction, the executive vice president now directly owns 63,981 shares in the company, valued at approximately $1,904,074.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Clint Moore sold 4,000 shares of MarineMax stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $31.12, for a total transaction of $124,480.00. Following the sale, the director now directly owns 20,544 shares of the company’s stock, valued at $639,329.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Charles A. Cashman sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $29.76, for a total value of $223,200.00. Following the completion of the transaction, the executive vice president now directly owns 63,981 shares of the company’s stock, valued at approximately $1,904,074.56. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On MarineMax

Institutional investors have recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of MarineMax by 50.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 84,967 shares of the specialty retailer’s stock valued at $3,305,000 after buying an additional 28,467 shares during the last quarter. Vanguard Group Inc. boosted its holdings in MarineMax by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 1,439,518 shares of the specialty retailer’s stock valued at $55,997,000 after acquiring an additional 31,263 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in MarineMax during the 4th quarter valued at approximately $204,000. Barclays PLC raised its holdings in MarineMax by 81.9% during the 4th quarter. Barclays PLC now owns 200,865 shares of the specialty retailer’s stock worth $7,814,000 after purchasing an additional 90,419 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of MarineMax by 67.9% in the 4th quarter. Public Sector Pension Investment Board now owns 41,381 shares of the specialty retailer’s stock worth $1,610,000 after purchasing an additional 16,738 shares during the period. 92.85% of the stock is owned by institutional investors.

MarineMax Price Performance

Shares of NYSE HZO opened at $27.03 on Friday. The firm has a market cap of $602.66 million, a P/E ratio of 6.69 and a beta of 1.69. The business’s 50 day moving average is $30.96 and its 200-day moving average is $31.72. The company has a current ratio of 1.28, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41. MarineMax has a 1-year low of $25.60 and a 1-year high of $42.88.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, January 25th. The specialty retailer reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). MarineMax had a net margin of 3.75% and a return on equity of 10.44%. The business had revenue of $527.30 million during the quarter, compared to the consensus estimate of $524.76 million. During the same period in the previous year, the firm posted $1.24 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. Equities research analysts predict that MarineMax will post 3.46 earnings per share for the current year.

About MarineMax

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.