MarineMax (NYSE:HZO) Reaches New 1-Year Low - Should You Sell?

MarineMax, Inc. (NYSE:HZO - Get Free Report)'s share price reached a new 52-week low on Friday . The company traded as low as $22.02 and last traded at $22.06, with a volume of 42448 shares changing hands. The stock had previously closed at $23.30.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HZO shares. StockNews.com upgraded shares of MarineMax from a "sell" rating to a "hold" rating in a report on Friday, January 24th. B. Riley upgraded MarineMax to a "strong-buy" rating in a research note on Wednesday, February 12th. DA Davidson lowered their price objective on MarineMax from $38.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Finally, Benchmark reaffirmed a "buy" rating and set a $40.00 target price on shares of MarineMax in a research report on Friday, January 24th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $41.50.

MarineMax Stock Performance

The company's 50-day simple moving average is $26.59 and its 200 day simple moving average is $29.33. The stock has a market cap of $491.54 million, a P/E ratio of 9.10 and a beta of 1.94. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35.

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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 for the quarter, topping 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%. As a group, sell-side analysts expect that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of MarineMax

Institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC raised its holdings in MarineMax by 211.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer's stock valued at $43,000 after acquiring an additional 1,058 shares during the period. US Bancorp DE lifted its holdings in MarineMax by 49.6% during the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer's stock worth $51,000 after purchasing an additional 585 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in MarineMax in the 3rd quarter worth about $67,000. Aquatic Capital Management LLC purchased a new position in MarineMax during the 4th quarter valued at about $82,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of MarineMax during the fourth quarter valued at about $113,000. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

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.