Insider Selling: MarineMax VP Sells 6,188 Shares of Stock (HZO)
MarineMax (NYSE:HZO) VP Charles A. Cashman sold 6,188 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $17.59, for a total transaction of $108,846.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of MarineMax (NYSE:HZO) traded down 0.17% on Wednesday, hitting $17.47. The stock had a trading volume of 186,020 shares. MarineMax has a 1-year low of $11.17 and a 1-year high of $17.75. The stock’s 50-day moving average is $16.6 and its 200-day moving average is $15.73. The company has a market cap of $420.0 million and a price-to-earnings ratio of 37.39.
MarineMax (NYSE:HZO) last released its earnings data on Thursday, July 24th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.07. The company had revenue of $214.00 million for the quarter, compared to the consensus estimate of $210.61 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. Analysts expect that MarineMax will post $0.39 EPS for the current fiscal year.
Separately, analysts at Raymond James upgraded shares of MarineMax from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, July 24th. They now have a $20.00 price target on the stock, up previously from $18.00.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.