West Marine Inc. (NASDAQ:WMAR) – Equities research analysts at Forward View boosted their FY2017 earnings per share (EPS) estimates for West Marine in a report released on Sunday. Forward View analyst N. Yates now expects that the brokerage will post earnings per share of $0.28 for the year, up from their previous forecast of $0.27. Forward View has a “Hold” rating on the stock.

West Marine (NASDAQ:WMAR) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.86 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by $0.06. The firm had revenue of $251.60 million for the quarter, compared to the consensus estimate of $254.39 million. West Marine had a net margin of 0.89% and a return on equity of 2.08%. The business’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share.

Other analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of West Marine from a “sell” rating to a “hold” rating in a research report on Wednesday, August 24th. B. Riley restated a “neutral” rating and set a $10.00 target price on shares of West Marine in a research report on Friday, July 29th. Finally, Sidoti cut shares of West Marine from a “buy” rating to a “neutral” rating and decreased their target price for the company from $9.30 to $9.00 in a research report on Thursday, September 8th.

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West Marine (NASDAQ:WMAR) traded down 0.8908% during trading on Wednesday, hitting $8.8901. 11,194 shares of the stock traded hands. The firm has a 50-day moving average price of $9.37 and a 200 day moving average price of $9.14. West Marine has a 12 month low of $7.70 and a 12 month high of $10.39. The firm has a market cap of $221.71 million, a PE ratio of 35.1387 and a beta of 1.45.

A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in West Marine by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,087,064 shares of the company’s stock worth $17,510,000 after buying an additional 21,233 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in West Marine by 4.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 812,088 shares of the company’s stock worth $6,813,000 after buying an additional 34,492 shares during the period. Vanguard Group Inc. raised its stake in West Marine by 0.7% in the second quarter. Vanguard Group Inc. now owns 508,495 shares of the company’s stock worth $4,266,000 after buying an additional 3,690 shares during the period. BlackRock Fund Advisors raised its stake in West Marine by 4.6% in the second quarter. BlackRock Fund Advisors now owns 475,900 shares of the company’s stock worth $3,993,000 after buying an additional 20,861 shares during the period. Finally, Punch & Associates Investment Management Inc. raised its stake in West Marine by 16.9% in the second quarter. Punch & Associates Investment Management Inc. now owns 340,400 shares of the company’s stock worth $2,856,000 after buying an additional 49,300 shares during the period. 61.26% of the stock is currently owned by institutional investors.

About West Marine

West Marine, Inc is a waterlife outfitter for cruisers, sailors, anglers and paddlesports enthusiasts. The Company offers a selection of core boating and water recreation products, primarily serving the needs of boat owners and professionals providing services to them. It services its customers through physical stores and two e-commerce Websites.

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