Insider Selling: MarineMax CEO Sells 5,000 Shares of Stock (HZO)
MarineMax (NYSE:HZO) CEO William H. Mcgill, Jr. sold 5,000 shares of the stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $18.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 247,530 shares in the company, valued at approximately $4,455,540. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of MarineMax (NYSE:HZO) traded down 0.39% during mid-day trading on Wednesday, hitting $17.93. The stock had a trading volume of 137,703 shares. MarineMax has a 1-year low of $11.17 and a 1-year high of $18.15. The stock’s 50-day moving average is $16.84 and its 200-day moving average is $15.83. The company has a market cap of $431.1 million and a P/E ratio of 38.46.
MarineMax (NYSE:HZO) last issued its quarterly 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.
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