MarineMax (NYSE:HZO) Price Target Lowered to $35.00 at Truist Financial

MarineMax (NYSE:HZO) had its target price trimmed by Truist Financial from $40.00 to $35.00 in a report published on Friday morning, Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

HZO has been the topic of a number of other reports. StockNews.com downgraded MarineMax from a hold rating to a sell rating in a research note on Saturday, January 27th. DA Davidson reaffirmed a buy rating and set a $34.00 price target on shares of MarineMax in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $35.40.

MarineMax Stock Down 0.9 %

Shares of MarineMax stock opened at $25.38 on Friday. MarineMax has a one year low of $22.51 and a one year high of $42.88. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.24 and a quick ratio of 0.35. The stock’s 50-day moving average is $30.20 and its 200 day moving average is $31.44. The firm has a market cap of $565.97 million, a price-to-earnings ratio of 9.20 and a beta of 1.69.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $0.18 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.55). MarineMax had a net margin of 2.56% and a return on equity of 7.66%. The business had revenue of $582.90 million for the quarter, compared to the consensus estimate of $590.19 million. During the same quarter in the previous year, the company earned $1.23 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts anticipate that MarineMax will post 3.09 EPS for the current year.

Insider Transactions at MarineMax

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

Institutional Trading of MarineMax

Institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. increased its position in shares of MarineMax by 31.3% during the third quarter. Assenagon Asset Management S.A. now owns 73,707 shares of the specialty retailer’s stock valued at $2,419,000 after acquiring an additional 17,579 shares during the last quarter. Bfsg LLC purchased a new stake in shares of MarineMax during the fourth quarter valued at approximately $133,000. Jump Financial LLC increased its position in shares of MarineMax by 101.8% during the third quarter. Jump Financial LLC now owns 33,507 shares of the specialty retailer’s stock valued at $1,100,000 after acquiring an additional 16,907 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of MarineMax by 438.1% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 56,500 shares of the specialty retailer’s stock valued at $1,854,000 after acquiring an additional 46,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of MarineMax by 7.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 424,845 shares of the specialty retailer’s stock valued at $13,943,000 after acquiring an additional 28,539 shares during the last quarter. 92.85% of the stock is owned by hedge funds and other institutional investors.

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.