MarineMax CEO Unloads $451,000 in Stock (HZO)
MarineMax (NYSE:HZO) CEO William H. Mcgill, Jr. sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $18.04, for a total transaction of $451,000.00. Following the completion of the sale, the chief executive officer now directly owns 247,530 shares in the company, valued at approximately $4,465,441. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of MarineMax (NYSE:HZO) traded down 0.39% on Wednesday, hitting $17.93. 137,703 shares of the company’s stock traded hands. MarineMax has a 52-week low of $11.17 and a 52-week high of $18.15. The stock has a 50-day moving average of $16.81 and a 200-day moving average of $15.80. The company has a market cap of $431.1 million and a P/E ratio of 38.46.
MarineMax (NYSE:HZO) last announced its earnings results on Thursday, July 24th. The company reported $0.47 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 22.0% on a year-over-year basis. On average, analysts predict that MarineMax will post $0.39 earnings per share 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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