MarineMax, Inc. (NYSE:HZO) Receives $41.50 Average Price Target from Analysts

Shares of MarineMax, Inc. (NYSE:HZO - Get Free Report) have earned an average rating of "Buy" from the six brokerages that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $41.50.

HZO has been the topic of a number of recent analyst reports. B. Riley upgraded MarineMax to a "strong-buy" rating in a research report on Wednesday, February 12th. Benchmark reaffirmed a "buy" rating and set a $40.00 target price on shares of MarineMax in a research note on Friday, January 24th. DA Davidson dropped their price target 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. Finally, StockNews.com upgraded shares of MarineMax from a "sell" rating to a "hold" rating in a research report on Friday, January 24th.

Insiders Place Their Bets

In other MarineMax news, CAO Anthony E. Jr. Cassella sold 4,000 shares of the business's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $31.06, for a total transaction of $124,240.00. Following the transaction, the chief accounting officer now owns 11,451 shares of the company's stock, valued at approximately $355,668.06. The trade was a 25.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Clint Moore sold 4,100 shares of the firm's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $30.63, for a total value of $125,583.00. Following the completion of the sale, the director now directly owns 23,560 shares of the company's stock, valued at $721,642.80. This trade represents a 14.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

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Institutional Investors Weigh In On MarineMax

A number of hedge funds have recently modified their holdings of the company. American Century Companies Inc. raised its stake in MarineMax by 2.8% during the fourth quarter. American Century Companies Inc. now owns 2,032,468 shares of the specialty retailer's stock worth $58,840,000 after purchasing an additional 55,592 shares during the period. Vanguard Group Inc. raised its position in shares of MarineMax by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 1,494,999 shares of the specialty retailer's stock valued at $43,280,000 after buying an additional 20,909 shares during the period. Royce & Associates LP lifted its holdings in MarineMax by 11.7% in the fourth quarter. Royce & Associates LP now owns 412,156 shares of the specialty retailer's stock valued at $11,932,000 after acquiring an additional 43,330 shares during the last quarter. Levin Capital Strategies L.P. grew its position in MarineMax by 1.3% in the fourth quarter. Levin Capital Strategies L.P. now owns 357,311 shares of the specialty retailer's stock worth $10,344,000 after acquiring an additional 4,480 shares during the period. Finally, Invesco Ltd. increased its stake in MarineMax by 17.3% during the fourth quarter. Invesco Ltd. now owns 347,481 shares of the specialty retailer's stock worth $10,060,000 after acquiring an additional 51,352 shares during the last quarter. Hedge funds and other institutional investors own 92.85% of the company's stock.

MarineMax Stock Performance

Shares of NYSE HZO traded up $0.15 during midday trading on Friday, reaching $21.65. 326,031 shares of the stock were exchanged, compared to its average volume of 294,898. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market cap of $491.54 million, a price-to-earnings ratio of 9.10 and a beta of 1.94. The firm has a 50-day simple moving average of $26.45 and a two-hundred day simple moving average of $29.24. MarineMax has a twelve month low of $21.00 and a twelve month high of $38.20.

MarineMax (NYSE:HZO - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of ($0.14) by $0.31. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. As a group, analysts anticipate that MarineMax will post 2.41 EPS for the current fiscal year.

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.