MarineMax (NYSE:HZO) Reaches New 1-Year Low at $22.51

MarineMax, Inc. (NYSE:HZO - Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as $22.51 and last traded at $23.59, with a volume of 364915 shares trading hands. The stock had previously closed at $27.18.

Analyst Ratings Changes

A number of research analysts recently weighed in on HZO shares. DA Davidson restated a "buy" rating and set a $34.00 target price on shares of MarineMax in a research note on Friday, March 15th. Truist Financial lifted their target price on shares of MarineMax from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Tuesday, January 9th. Finally, StockNews.com cut shares of MarineMax from a "hold" rating to a "sell" rating in a research note on Saturday, January 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $39.00.

MarineMax Stock Performance

The firm has a market cap of $570.88 million, a PE ratio of 6.34 and a beta of 1.69. The company has a current ratio of 1.28, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41. The firm's 50 day simple moving average is $30.32 and its 200 day simple moving average is $31.48.

MarineMax (NYSE:HZO - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The specialty retailer reported $0.19 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.37). The company had revenue of $527.30 million during the quarter, compared to analysts' expectations of $524.76 million. MarineMax had a return on equity of 10.44% and a net margin of 3.75%. The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 EPS. On average, research analysts forecast that MarineMax, Inc. will post 3.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Charles A. Cashman sold 7,500 shares of the business's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $29.76, for a total value of $223,200.00. Following the sale, the executive vice president now directly owns 63,981 shares in the company, valued at approximately $1,904,074.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Charles A. Cashman sold 7,500 shares of the business's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $29.76, for a total value of $223,200.00. Following the sale, the executive vice president now directly owns 63,981 shares in the company, valued at approximately $1,904,074.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Clint Moore sold 4,000 shares of the business's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $31.12, for a total transaction of $124,480.00. Following the completion of the sale, the director now owns 20,544 shares in the company, valued at $639,329.28. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company's stock.

Hedge Funds Weigh In On MarineMax

Several hedge funds have recently added to or reduced their stakes in HZO. Spire Wealth Management raised its position in MarineMax by 58.3% in the 3rd quarter. Spire Wealth Management now owns 1,496 shares of the specialty retailer's stock worth $49,000 after purchasing an additional 551 shares during the period. Fifth Third Bancorp raised its position in MarineMax by 442.3% in the 3rd quarter. Fifth Third Bancorp now owns 770 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 628 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in MarineMax by 25.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,472 shares of the specialty retailer's stock worth $135,000 after purchasing an additional 696 shares during the period. Crestline Management LP raised its position in MarineMax by 6.5% in the 4th quarter. Crestline Management LP now owns 26,634 shares of the specialty retailer's stock worth $1,036,000 after purchasing an additional 1,634 shares during the period. Finally, Aigen Investment Management LP raised its position in MarineMax by 26.2% in the 3rd quarter. Aigen Investment Management LP now owns 8,729 shares of the specialty retailer's stock worth $286,000 after purchasing an additional 1,812 shares during the period. 92.85% of the stock is currently owned by 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.