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

Shares of MarineMax, Inc. (NYSE:HZO) have been assigned a consensus rating of “Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $41.50.

Several analysts have recently issued reports on HZO shares. DA Davidson decreased their price target on MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. B. Riley upgraded MarineMax to a “strong-buy” rating in a research note on Wednesday, February 12th. StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Finally, Benchmark restated a “buy” rating and set a $40.00 target price on shares of MarineMax in a research note on Friday, January 24th.

MarineMax Trading Up 2.0 %

Shares of HZO stock opened at $23.72 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.19. MarineMax has a 1 year low of $22.41 and a 1 year high of $38.20. The stock has a fifty day moving average of $28.17 and a two-hundred day moving average of $30.32. The firm has a market capitalization of $538.52 million, a PE ratio of 9.96 and a beta of 1.91.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts expect that MarineMax will post 2.41 EPS for the current year.

Insider Buying and Selling at MarineMax

In other news, Director Clint Moore sold 4,100 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $30.63, for a total transaction of $125,583.00. Following the completion of the sale, the director now owns 23,560 shares in the company, valued at $721,642.80. The trade was a 14.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 11,451 shares of the company’s stock, valued at approximately $355,668.06. This represents a 25.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HZO. Smartleaf Asset Management LLC increased its holdings in MarineMax by 211.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 1,058 shares during the period. US Bancorp DE increased its holdings in MarineMax by 49.6% in the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock valued at $51,000 after purchasing an additional 585 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in MarineMax in the third quarter valued at $67,000. Aquatic Capital Management LLC acquired a new stake in MarineMax in the fourth quarter valued at $82,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in MarineMax in the fourth quarter valued at $113,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

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.