MarineMax (NYSE:HZO) Sets New 52-Week Low - Should You Sell?

MarineMax, Inc. (NYSE:HZO - Get Free Report) hit a new 52-week low on Friday . The company traded as low as $22.37 and last traded at $22.09, with a volume of 181571 shares. The stock had previously closed at $22.76.

Analyst Upgrades and Downgrades

HZO has been the topic of a number of recent research reports. Benchmark reiterated a "buy" rating and set a $40.00 target price on shares of MarineMax in a research note on Friday, January 24th. DA Davidson lowered their price objective on 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 upgraded MarineMax from a "sell" rating to a "hold" rating in a research note on Friday, January 24th. Finally, B. Riley upgraded MarineMax to a "strong-buy" rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $41.50.

MarineMax Stock Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.19. The company has a market cap of $526.08 million, a price-to-earnings ratio of 9.73 and a beta of 1.94. The company has a fifty day moving average of $27.41 and a two-hundred day moving average of $29.87.

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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 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%. Equities research analysts anticipate that MarineMax, Inc. will post 2.41 EPS for the current year.

Insider Activity at MarineMax

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HZO. Portolan Capital Management LLC acquired a new position in shares of MarineMax in the 3rd quarter valued at about $11,271,000. Divisadero Street Capital Management LP acquired a new position in shares of MarineMax in the 4th quarter valued at about $8,503,000. Algert Global LLC acquired a new position in shares of MarineMax in the 3rd quarter valued at about $4,949,000. Concentric Capital Strategies LP acquired a new position in shares of MarineMax in the 3rd quarter valued at about $4,832,000. Finally, First Eagle Investment Management LLC acquired a new position in shares of MarineMax in the 4th quarter valued at about $3,126,000. 92.85% of the stock is owned by institutional investors and hedge funds.

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.