Insider Selling: MarineMax Director Sells 10,000 Shares of Stock (HZO)
MarineMax (NYSE:HZO) Director Hilliard Eure sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $12.40, for a total transaction of $124,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on HZO shares. Analysts at TheStreet downgraded shares of MarineMax (NYSE:HZO) from a “buy” rating to a “hold” rating in a research note to investors on Thursday, September 5th. Analysts at Zacks upgraded shares of MarineMax (NYSE:HZO) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 30th. They now have a $11.60 price target on the stock.
Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. MarineMax presently has an average rating of “Hold” and a consensus price target of $12.21.
MarineMax (NYSE:HZO) traded down 0.40% during mid-day trading on Thursday, hitting $12.38. 55,782 shares of the company’s stock traded hands. MarineMax has a 1-year low of $7.17 and a 1-year high of $14.18. The stock’s 50-day moving average is $11.83 and its 200-day moving average is $12.23. The company has a market cap of $290.4 million and a price-to-earnings ratio of 36.24.
MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.25. The company had revenue of $175.80 million for the quarter, compared to the consensus estimate of $171.04 million. During the same quarter last year, the company posted $0.20 earnings per share. MarineMax’s revenue was up 16.1% compared to the same quarter last year. On average, analysts predict that MarineMax will post $0.38 earnings per share for the current fiscal year.
MarineMax, Inc is a recreational boat dealer in the United States. Through 54 retail locations in Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Kansas, Maryland, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, Tennessee, and Texas, the Company sells new and used recreational boats, including pleasure and fishing boats.
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