MarineMax (NYSE:HZO) Cut to Sell at StockNews.com

StockNews.com cut shares of MarineMax (NYSE:HZO) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

Separately, Benchmark assumed coverage on shares of MarineMax in a research report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price target for the company. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat.com, MarineMax has a consensus rating of “Moderate Buy” and a consensus target price of $41.83.

MarineMax Trading Down 1.0 %

HZO opened at $26.50 on Wednesday. The company has a market cap of $598.77 million, a P/E ratio of 16.06 and a beta of 1.89. The company has a fifty day moving average price of $30.16 and a two-hundred day moving average price of $31.44. The company has a current ratio of 1.19, a quick ratio of 0.34 and a debt-to-equity ratio of 0.36. MarineMax has a 1-year low of $22.51 and a 1-year high of $38.20.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. The business had revenue of $563.10 million for the quarter, compared to the consensus estimate of $576.49 million. During the same period in the prior year, the business earned $0.69 EPS. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. Analysts predict that MarineMax will post 2.33 EPS for the current fiscal year.

Institutional Investors Weigh In On MarineMax

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its holdings in shares of MarineMax by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 185,880 shares of the specialty retailer’s stock valued at $6,017,000 after purchasing an additional 3,867 shares during the last quarter. Victory Capital Management Inc. increased its stake in MarineMax by 60.0% in the 2nd quarter. Victory Capital Management Inc. now owns 55,243 shares of the specialty retailer’s stock valued at $1,788,000 after buying an additional 20,724 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of MarineMax by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer’s stock worth $46,767,000 after buying an additional 110,601 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of MarineMax in the 2nd quarter worth approximately $52,000. Finally, Public Sector Pension Investment Board grew its holdings in shares of MarineMax by 7.9% in the second quarter. Public Sector Pension Investment Board now owns 44,654 shares of the specialty retailer’s stock valued at $1,445,000 after acquiring an additional 3,273 shares in the last quarter. 92.85% of the stock is owned by hedge funds and other institutional investors.

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.