MarineMax, Inc. (NYSE:HZO) Receives Average Recommendation of "Buy" from Analysts

MarineMax, Inc. (NYSE:HZO - Get Free Report) has received an average rating of "Buy" from the six research firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $38.50.

A number of equities analysts have recently weighed in on HZO shares. StockNews.com raised MarineMax from a "sell" rating to a "hold" rating in a report on Friday, January 24th. Benchmark restated a "buy" rating and issued a $40.00 price target on shares of MarineMax in a report on Friday, January 24th. DA Davidson decreased their price objective on shares of 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. Finally, Truist Financial decreased their price objective on shares of MarineMax from $38.00 to $26.00 and set a "buy" rating for the company in a research report on Monday, April 14th.

Insider Activity at MarineMax

In other MarineMax news, CAO Anthony E. Jr. Cassella sold 4,000 shares of MarineMax stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $31.06, for a total transaction of $124,240.00. Following the sale, the chief accounting officer now directly owns 11,451 shares of the company's stock, valued at approximately $355,668.06. The trade was a 25.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Clint Moore sold 4,100 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $721,642.80. The trade was a 14.82 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in MarineMax by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,375 shares of the specialty retailer's stock worth $358,000 after acquiring an additional 532 shares in the last quarter. US Bancorp DE boosted its stake in shares of MarineMax by 49.6% during the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer's stock worth $51,000 after buying an additional 585 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of MarineMax by 6.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 11,776 shares of the specialty retailer's stock valued at $341,000 after acquiring an additional 732 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of MarineMax by 8.4% in the third quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer's stock valued at $413,000 after acquiring an additional 905 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in MarineMax by 4.7% during the fourth quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer's stock worth $651,000 after acquiring an additional 1,006 shares in the last quarter. Institutional investors own 92.85% of the company's stock.

MarineMax Stock Up 1.4 %

Shares of NYSE HZO traded up $0.32 during midday trading on Tuesday, hitting $22.99. The company's stock had a trading volume of 407,896 shares, compared to its average volume of 303,847. MarineMax has a 1 year low of $16.85 and a 1 year high of $38.20. The business's fifty day simple moving average is $22.30 and its two-hundred day simple moving average is $27.29. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.24. The firm has a market capitalization of $522.03 million, a price-to-earnings ratio of 9.66 and a beta of 1.83.

MarineMax (NYSE:HZO - Get Free Report) last posted its earnings results on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.07. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. The business had revenue of $631.52 million during the quarter, compared to the consensus estimate of $580.12 million. On average, equities analysts predict that MarineMax will post 2.41 EPS for the current year.

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.