Brokerages Set MarineMax, Inc. (NYSE:HZO) Price Target at $41.50

MarineMax, Inc. (NYSE:HZO) has been assigned an average rating of “Buy” from the six ratings firms that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target 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 research reports. DA Davidson reduced their target price on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. B. Riley upgraded shares of MarineMax to a “strong-buy” rating in a report on Wednesday, February 12th. Finally, Benchmark restated a “buy” rating and set a $40.00 price objective on shares of MarineMax in a report on Friday, January 24th.

MarineMax Price Performance

Shares of HZO stock opened at $22.03 on Friday. MarineMax has a twelve month low of $21.64 and a twelve month high of $38.20. The stock has a market cap of $500.28 million, a price-to-earnings ratio of 9.26 and a beta of 1.94. The business’s fifty day moving average is $26.71 and its 200 day moving average is $29.40. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

MarineMax (NYSE:HZO) last issued its earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.31. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. Research analysts expect that MarineMax will post 2.41 EPS for the current fiscal year.

Insider Activity at MarineMax

In other MarineMax news, Director Clint Moore sold 4,100 shares of the company’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 sale, the director now owns 23,560 shares of the company’s stock, valued at approximately $721,642.80. This represents a 14.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $31.06, for a total value of $124,240.00. Following the transaction, the chief accounting officer now directly 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. 4.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MarineMax

Large investors have recently bought and sold shares of the stock. Intech Investment Management LLC purchased a new position in MarineMax in the 3rd quarter valued at about $912,000. De Lisle Partners LLP increased its position in MarineMax by 19.5% in the third quarter. De Lisle Partners LLP now owns 134,149 shares of the specialty retailer’s stock worth $4,728,000 after buying an additional 21,921 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in MarineMax by 7.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,879 shares of the specialty retailer’s stock valued at $2,182,000 after purchasing an additional 4,548 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of MarineMax during the third quarter valued at approximately $67,000. Finally, Concentric Capital Strategies LP acquired a new position in MarineMax during the 3rd quarter worth $4,832,000. Hedge funds and other institutional investors 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.