MarineMax (NYSE:HZO) Trading Up 2.7%

MarineMax, Inc. (NYSE:HZO) traded up 2.7% during mid-day trading on Thursday . The stock traded as high as $27.44 and last traded at $27.12. 53,671 shares were traded during trading, a decline of 83% from the average session volume of 318,719 shares. The stock had previously closed at $26.40.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. StockNews.com cut MarineMax from a “hold” rating to a “sell” rating in a research note on Saturday, January 27th. DA Davidson reaffirmed a “buy” rating and issued a $34.00 price target on shares of MarineMax in a research note on Friday, March 15th. Truist Financial cut their target price on shares of MarineMax from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Finally, Stifel Nicolaus lowered their price target on shares of MarineMax from $37.00 to $35.00 and set a “buy” rating for the company in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $36.75.

MarineMax Stock Up 0.2 %

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.24 and a quick ratio of 0.34. The stock has a market capitalization of $589.84 million, a PE ratio of 9.57 and a beta of 1.78. The company has a 50 day moving average price of $28.31 and a 200-day moving average price of $31.08.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.55). The company had revenue of $582.90 million for the quarter, compared to analysts’ expectations of $590.19 million. MarineMax had a net margin of 2.56% and a return on equity of 7.66%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.23 earnings per share. As a group, analysts forecast that MarineMax, Inc. will post 2.46 earnings per share for the current fiscal year.

Insider Activity at MarineMax

In other MarineMax news, Director Clint Moore sold 4,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $31.12, for a total transaction of $124,480.00. Following the completion of the transaction, the director now 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 this link. 4.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Levin Capital Strategies L.P. boosted its holdings in shares of MarineMax by 140.6% during the 1st quarter. Levin Capital Strategies L.P. now owns 1,045,514 shares of the specialty retailer’s stock valued at $34,774,000 after acquiring an additional 610,994 shares during the last quarter. Broad Bay Capital Management LP increased its position in MarineMax by 34.1% in the fourth quarter. Broad Bay Capital Management LP now owns 704,034 shares of the specialty retailer’s stock worth $27,387,000 after buying an additional 179,034 shares in the last quarter. Barclays PLC raised its stake in shares of MarineMax by 386.0% in the third quarter. Barclays PLC now owns 110,446 shares of the specialty retailer’s stock worth $3,625,000 after buying an additional 87,722 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of MarineMax by 438.1% during the 3rd 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 buying an additional 46,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of MarineMax by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 456,701 shares of the specialty retailer’s stock valued at $17,766,000 after acquiring an additional 31,856 shares during the period. Institutional investors own 92.85% of the company’s stock.

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.