MarineMax (NYSE:HZO) Trading Up 4.6%

MarineMax, Inc. (NYSE:HZO - Get Free Report) shares rose 4.6% during trading on Friday . The company traded as high as $28.13 and last traded at $27.92. Approximately 156,458 shares were traded during trading, a decline of 49% from the average daily volume of 306,883 shares. The stock had previously closed at $26.68.

Analyst Ratings Changes

HZO has been the subject of a number of recent analyst reports. DA Davidson restated a "buy" rating and set a $34.00 price target on shares of MarineMax in a research report on Friday, March 15th. StockNews.com lowered shares of MarineMax from a "hold" rating to a "sell" rating in a research report on Saturday, January 27th. Finally, Truist Financial boosted their price target on shares of MarineMax from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $39.00.

MarineMax Price Performance

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 company has a market capitalization of $625.07 million, a P/E ratio of 6.61 and a beta of 1.69. The business's fifty day moving average price is $30.79 and its 200-day moving average price is $31.66.

MarineMax (NYSE:HZO - Get Free Report) last posted its quarterly earnings results on Thursday, January 25th. The specialty retailer reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.37). The business had revenue of $527.30 million during the quarter, compared to the consensus estimate of $524.76 million. MarineMax had a return on equity of 10.44% and a net margin of 3.75%. The business's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 earnings per share. As a group, sell-side analysts predict that MarineMax, Inc. will post 3.46 earnings per share for the current fiscal year.

Insider Buying and Selling at MarineMax

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

Institutional Trading of MarineMax

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp grew its stake in MarineMax by 442.3% during the third quarter. Fifth Third Bancorp now owns 770 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 628 shares in the last quarter. US Bancorp DE grew its stake in MarineMax by 149.0% during the first quarter. US Bancorp DE now owns 757 shares of the specialty retailer's stock valued at $30,000 after acquiring an additional 453 shares in the last quarter. Amundi purchased a new position in MarineMax during the fourth quarter valued at $46,000. Spire Wealth Management grew its stake in MarineMax by 58.3% during the third quarter. Spire Wealth Management now owns 1,496 shares of the specialty retailer's stock valued at $49,000 after acquiring an additional 551 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in MarineMax by 10.4% during the second quarter. Captrust Financial Advisors now owns 2,931 shares of the specialty retailer's stock valued at $106,000 after acquiring an additional 275 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.