MarineMax (NYSE:HZO) Trading Up 5% - Should You Buy?

Shares of MarineMax, Inc. (NYSE:HZO - Get Free Report) traded up 5% during mid-day trading on Thursday . The stock traded as high as $24.68 and last traded at $24.77. 47,738 shares changed hands during trading, a decline of 82% from the average session volume of 271,491 shares. The stock had previously closed at $23.58.

Wall Street Analyst Weigh In

Several analysts have weighed in on HZO shares. Benchmark reissued a "buy" rating and issued a $40.00 target price on shares of MarineMax in a report on Friday, January 24th. B. Riley raised shares of MarineMax to a "strong-buy" rating in a research note on Wednesday, February 12th. DA Davidson cut their target price on shares of MarineMax from $38.00 to $35.00 and set a "buy" rating for the company in a research report 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. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $41.50.

MarineMax Stock Up 3.5 %

The stock has a market cap of $552.53 million, a price-to-earnings ratio of 10.22 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. The firm's 50 day moving average is $28.00 and its two-hundred day moving average is $30.22.

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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, 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%. On average, sell-side analysts predict that MarineMax, Inc. will post 2.41 EPS for the current year.

Insider Transactions at MarineMax

In other MarineMax news, CAO Anthony E. Jr. Cassella sold 4,000 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were 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 $355,668.06. This trade represents a 25.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Clint Moore sold 4,100 shares of MarineMax stock in a transaction on Monday, January 27th. The shares were sold at an average price of $30.63, for a total transaction of $125,583.00. Following the completion of the transaction, the director now owns 23,560 shares in the company, valued at approximately $721,642.80. This trade represents a 14.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.00% of the company's stock.

Institutional Inflows and Outflows

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

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.