MarineMax Inc. (NYSE:HZO)’s share price traded up 3.5% on Wednesday . The stock traded as high as $20.41 and last traded at $20.34, with a volume of 187,697 shares trading hands. The stock had previously closed at $19.65.

Several equities analysts recently weighed in on the company. B. Riley restated a “buy” rating and issued a $22.50 price target on shares of MarineMax in a research note on Wednesday, July 27th. Forward View upgraded MarineMax from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. Finally, Zacks Investment Research upgraded MarineMax from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $24.17.

The stock has a market capitalization of $493.33 million, a P/E ratio of 10.07 and a beta of 1.28. The company has a 50 day moving average of $19.74 and a 200-day moving average of $18.42.

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MarineMax (NYSE:HZO) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.12. MarineMax had a net margin of 5.55% and a return on equity of 7.88%. The company earned $345.60 million during the quarter, compared to the consensus estimate of $268.34 million. During the same quarter in the prior year, the firm posted $0.52 earnings per share. MarineMax’s revenue for the quarter was up 49.1% on a year-over-year basis. Equities research analysts anticipate that MarineMax Inc. will post $0.90 earnings per share for the current year.

In other MarineMax news, insider Anthony E. Jr. Cassella sold 7,499 shares of the company’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $21.50, for a total value of $161,228.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael H. Mclamb sold 6,337 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $20.62, for a total transaction of $130,668.94. Following the completion of the transaction, the vice president now owns 131,185 shares of the company’s stock, valued at approximately $2,705,034.70. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. increased its position in MarineMax by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 91,047 shares of the company’s stock valued at $1,546,000 after buying an additional 1,218 shares in the last quarter. Numeric Investors LLC increased its stake in shares of MarineMax by 26.5% in the second quarter. Numeric Investors LLC now owns 183,150 shares of the company’s stock valued at $3,108,000 after buying an additional 38,400 shares during the period. Arizona State Retirement System increased its stake in shares of MarineMax by 1.6% in the second quarter. Arizona State Retirement System now owns 12,622 shares of the company’s stock valued at $214,000 after buying an additional 200 shares during the period. Guggenheim Capital LLC increased its stake in shares of MarineMax by 17.0% in the second quarter. Guggenheim Capital LLC now owns 70,108 shares of the company’s stock valued at $1,189,000 after buying an additional 10,189 shares during the period. Finally, SG Capital Management LLC increased its stake in shares of MarineMax by 1,238.0% in the second quarter. SG Capital Management LLC now owns 485,307 shares of the company’s stock valued at $8,236,000 after buying an additional 449,035 shares during the period. Institutional investors own 96.25% of the company’s stock.

MarineMax Company Profile

MarineMax, Inc is a recreational boat dealer in the United States. The Company engages in the retail sale, brokerage, and service of used boats, motors, trailers, marine parts and accessories and offers slip and storage accommodations in certain locations. It offers related boat financing, insurance and extended service contracts.

5 Day Chart for NYSE:HZO

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