MarineMax, Inc. (NYSE:HZO) Receives Consensus Rating of "Buy" from Brokerages

MarineMax, Inc. (NYSE:HZO - Get Free Report) has earned a consensus rating of "Buy" from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $41.50.

Several equities research analysts have recently weighed in on HZO shares. DA Davidson reduced their target price on shares of MarineMax from $38.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. StockNews.com raised shares of MarineMax from a "sell" rating to a "hold" rating in a research report on Friday, January 24th. Finally, Benchmark restated a "buy" rating and set a $40.00 target price on shares of MarineMax in a research report on Friday, January 24th.

MarineMax Trading Down 1.2 %

Shares of NYSE:HZO traded down $0.36 during trading on Thursday, reaching $30.05. The company's stock had a trading volume of 213,661 shares, compared to its average volume of 292,606. The stock has a market capitalization of $682.46 million, a PE ratio of 12.63 and a beta of 1.91. MarineMax has a 12 month low of $22.51 and a 12 month high of $38.20. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35. The firm's 50 day simple moving average is $29.40 and its two-hundred day simple moving average is $30.90.

MarineMax (NYSE:HZO - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.31. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. On average, research analysts predict that MarineMax will post 2.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Clint Moore sold 4,100 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $30.63, for a total transaction of $125,583.00. Following the transaction, the director now owns 23,560 shares of the company's stock, valued at approximately $721,642.80. This represents a 14.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of MarineMax stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $31.06, for a total value of $124,240.00. Following the completion of the sale, the chief accounting officer now owns 11,451 shares of the company's stock, valued at $355,668.06. The trade was a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.00% of the company's stock.

Institutional Investors Weigh In On MarineMax

Several hedge funds have recently modified their holdings of the business. Portolan Capital Management LLC bought a new position in MarineMax in the third quarter worth approximately $11,271,000. Algert Global LLC bought a new position in shares of MarineMax in the 3rd quarter worth $4,949,000. Concentric Capital Strategies LP purchased a new stake in shares of MarineMax during the 3rd quarter worth $4,832,000. Royce & Associates LP boosted its position in MarineMax by 45.2% during the third quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer's stock valued at $13,008,000 after purchasing an additional 114,880 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in MarineMax by 134.3% in the third quarter. Victory Capital Management Inc. now owns 129,416 shares of the specialty retailer's stock valued at $4,565,000 after purchasing an additional 74,173 shares during the last quarter. Hedge funds and other 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.