Shares of MarineMax, Inc. (NYSE:HZO) have earned a consensus recommendation of “Buy” from the eight research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $21.00.
Several research firms have recently commented on HZO. B. Riley raised their target price on shares of MarineMax from $19.75 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Craig Hallum set a $21.00 price target on shares of MarineMax and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Forward View lowered shares of MarineMax from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Citigroup Inc. increased their price target on shares of MarineMax from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. Finally, Ifs Securities reiterated a “strong-buy” rating and issued a $20.00 price target on shares of MarineMax in a research note on Thursday, August 24th.
In other news, Chairman William H. Mcgill, Jr. sold 35,000 shares of MarineMax stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $21.03, for a total value of $736,050.00. Following the completion of the sale, the chairman now directly owns 281,640 shares in the company, valued at $5,922,889.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael H. Mclamb sold 10,000 shares of MarineMax stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $21.10, for a total transaction of $211,000.00. Following the completion of the sale, the vice president now owns 21,500 shares of the company’s stock, valued at $453,650. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,500 shares of company stock valued at $1,114,550. 5.00% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Eagle Asset Management Inc. grew its stake in shares of MarineMax by 4.6% in the second quarter. Eagle Asset Management Inc. now owns 3,330,527 shares of the specialty retailer’s stock worth $65,111,000 after acquiring an additional 146,127 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of MarineMax by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,206,573 shares of the specialty retailer’s stock worth $43,138,000 after buying an additional 9,452 shares during the last quarter. Impala Asset Management LLC boosted its holdings in shares of MarineMax by 18.6% in the second quarter. Impala Asset Management LLC now owns 1,795,759 shares of the specialty retailer’s stock worth $35,107,000 after buying an additional 282,017 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of MarineMax by 4.1% in the second quarter. Vanguard Group Inc. now owns 1,349,327 shares of the specialty retailer’s stock worth $26,380,000 after buying an additional 53,443 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of MarineMax by 51.7% in the third quarter. American Century Companies Inc. now owns 1,208,999 shares of the specialty retailer’s stock worth $20,009,000 after buying an additional 412,038 shares during the last quarter. Hedge funds and other institutional investors own 90.57% of the company’s stock.
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Shares of MarineMax (NYSE:HZO) opened at $20.30 on Friday. The firm has a market cap of $481.82, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 0.58 and a beta of 0.99. MarineMax has a 12-month low of $13.80 and a 12-month high of $23.65.
MarineMax (NYSE:HZO) last announced its quarterly earnings results on Tuesday, October 31st. The specialty retailer reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.11. MarineMax had a net margin of 2.24% and a return on equity of 7.82%. The business had revenue of $250.62 million during the quarter, compared to analysts’ expectations of $231.96 million. During the same quarter in the prior year, the company posted $0.18 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. analysts anticipate that MarineMax will post 1.16 earnings per share for the current year.
MarineMax announced that its board has authorized a share repurchase plan on Wednesday, August 2nd that permits the company to buyback 2,000,000 shares. This buyback authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
MarineMax, Inc is a recreational boat and yacht dealer in the United States. Through 56 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas, the Company sold new and used recreational boats, including pleasure and fishing boats, as of September 30, 2016.
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