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

Shares of MarineMax, Inc. (NYSE:HZO) have received a consensus rating of “Buy” from the six ratings firms that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $41.50.

A number of equities analysts recently issued reports on HZO shares. B. Riley raised shares of MarineMax to a “strong-buy” rating in a research report on Wednesday, February 12th. StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of MarineMax in a research note on Friday, January 24th. Finally, DA Davidson reduced their price target on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd.

Insider Activity

In related news, Director Clint Moore sold 4,100 shares of MarineMax 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 directly owns 23,560 shares of the company’s stock, valued at approximately $721,642.80. This trade represents a 14.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $31.06, for a total transaction of $124,240.00. Following the completion of the transaction, the chief accounting officer now owns 11,451 shares in the company, valued at $355,668.06. This trade represents a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On MarineMax

Several institutional investors and hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its holdings in shares of MarineMax by 211.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock worth $43,000 after buying an additional 1,058 shares in the last quarter. 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. bought a new position in shares of MarineMax during the third quarter worth about $67,000. Aquatic Capital Management LLC acquired a new position in shares of MarineMax in the 4th quarter worth approximately $82,000. Finally, KLP Kapitalforvaltning AS acquired a new position in MarineMax in the fourth quarter valued at $113,000. Institutional investors own 92.85% of the company’s stock.

MarineMax Trading Down 5.4 %

Shares of NYSE HZO opened at $22.03 on Friday. The business has a 50-day moving average price of $26.71 and a two-hundred day moving average price of $29.40. MarineMax has a one year low of $21.64 and a one year high of $38.20. The firm has a market capitalization of $500.28 million, a PE ratio of 9.26 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.

MarineMax (NYSE:HZO) last released 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 net margin of 2.33% and a return on equity of 4.96%. As a group, analysts predict that MarineMax will post 2.41 earnings per share for the current fiscal year.

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.