Brokerages Set MarineMax, Inc. (NYSE:HZO) Price Target at $39.00

Shares of MarineMax, Inc. (NYSE:HZOGet Free Report) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $39.00.

Several research analysts recently weighed in on the stock. StockNews.com cut shares of MarineMax from a “hold” rating to a “sell” rating in a report on Saturday, January 27th. Truist Financial boosted their target price on shares of MarineMax from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Finally, DA Davidson reissued a “buy” rating and issued a $34.00 price target on shares of MarineMax in a research report on Friday, March 15th.

Get Our Latest Analysis on MarineMax

Insiders Place Their Bets

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

Institutional Investors Weigh In On MarineMax

Hedge funds have recently bought and sold shares of the business. Beacon Pointe Advisors LLC raised its stake in shares of MarineMax by 4.4% in the first quarter. Beacon Pointe Advisors LLC now owns 5,460 shares of the specialty retailer’s stock valued at $220,000 after acquiring an additional 230 shares during the period. Captrust Financial Advisors grew its holdings in shares of MarineMax by 10.4% in the second quarter. Captrust Financial Advisors now owns 2,931 shares of the specialty retailer’s stock worth $106,000 after purchasing an additional 275 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of MarineMax by 0.5% in the first quarter. Rhumbline Advisers now owns 66,536 shares of the specialty retailer’s stock worth $2,679,000 after purchasing an additional 315 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in MarineMax by 5.1% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 7,767 shares of the specialty retailer’s stock worth $265,000 after acquiring an additional 378 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in MarineMax by 8.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,642 shares of the specialty retailer’s stock worth $159,000 after acquiring an additional 379 shares in the last quarter. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Price Performance

Shares of NYSE HZO opened at $27.45 on Friday. MarineMax has a twelve month low of $25.60 and a twelve month high of $42.88. The firm has a fifty day simple moving average of $31.11 and a 200 day simple moving average of $31.80. The company has a market capitalization of $612.14 million, a PE ratio of 6.79 and a beta of 1.69. The company has a quick ratio of 0.35, a current ratio of 1.28 and a debt-to-equity ratio of 0.41.

MarineMax (NYSE:HZOGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The specialty retailer reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.37). The company had revenue of $527.30 million during the quarter, compared to the consensus estimate of $524.76 million. MarineMax had a net margin of 3.75% and a return on equity of 10.44%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $1.24 earnings per share. On average, sell-side analysts forecast that MarineMax will post 3.46 EPS for the current year.

About MarineMax

(Get Free Report

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.

Further Reading

Analyst Recommendations for MarineMax (NYSE:HZO)

Receive News & Ratings for MarineMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarineMax and related companies with MarketBeat.com's FREE daily email newsletter.