MarineMax (NYSE:HZO) Upgraded at B. Riley

B. Riley upgraded shares of MarineMax (NYSE:HZO) to a strong-buy rating in a report published on Wednesday,Zacks.com reports.

A number of other analysts have also recently commented on the stock. DA Davidson lowered their price objective 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. Benchmark restated a “buy” rating and issued a $40.00 price objective on shares of MarineMax in a research report on Friday, January 24th. 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $41.50.

MarineMax Stock Performance

HZO stock opened at $27.98 on Wednesday. The business’s fifty day moving average is $29.23 and its 200-day moving average is $30.78. 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 company has a market cap of $635.27 million, a P/E ratio of 11.76 and a beta of 1.91. MarineMax has a twelve month low of $22.51 and a twelve month high of $38.20.

MarineMax (NYSE:HZO) last posted its quarterly earnings results 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 return on equity of 4.96% and a net margin of 2.33%. Equities research analysts forecast that MarineMax will post 2.45 EPS for the current year.

Insiders Place Their Bets

In other news, Director Clint Moore sold 4,100 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 23,560 shares in the company, valued at $721,642.80. This trade represents a 14.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the firm’s 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 transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On MarineMax

Several hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. lifted its stake in MarineMax by 134.3% in the 3rd 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. Algert Global LLC acquired a new stake in MarineMax in the 3rd quarter valued at about $4,949,000. Intech Investment Management LLC acquired a new stake in MarineMax in the 3rd quarter valued at about $912,000. Royce & Associates LP lifted its stake in MarineMax by 45.2% in the 3rd 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 during the last quarter. Finally, Oliver Luxxe Assets LLC acquired a new stake in MarineMax in the 4th quarter valued at about $1,316,000. 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.