MarineMax’s (HZO) “Buy” Rating Reiterated at B. Riley
MarineMax, Inc. (NYSE:HZO)‘s stock had its “buy” rating reiterated by analysts at B. Riley in a research note issued to investors on Friday. They currently have a $20.00 price target on the specialty retailer’s stock. B. Riley’s price target would suggest a potential upside of 36.52% from the company’s current price.
A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Friday, June 30th. Citigroup Inc. reiterated a “buy” rating and issued a $25.00 target price (down previously from $26.00) on shares of MarineMax in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $23.33.
Shares of MarineMax (NYSE:HZO) opened at 14.65 on Friday. MarineMax has a 12-month low of $14.40 and a 12-month high of $23.65. The firm has a market capitalization of $356.73 million, a P/E ratio of 14.69 and a beta of 1.04. The stock’s 50 day moving average price is $18.89 and its 200-day moving average price is $20.19.
MarineMax (NYSE:HZO) last released its earnings results on Thursday, July 20th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by $0.11. MarineMax had a return on equity of 7.53% and a net margin of 2.45%. The company had revenue of $329.80 million during the quarter, compared to analysts’ expectations of $383.01 million. During the same quarter in the previous year, the company earned $0.57 EPS. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, equities analysts expect that MarineMax will post $1.16 EPS for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thomson Horstmann & Bryant Inc. acquired a new position in MarineMax during the second quarter worth $6,165,000. Goldman Sachs Group Inc. increased its position in MarineMax by 62.5% in the first quarter. Goldman Sachs Group Inc. now owns 84,106 shares of the specialty retailer’s stock worth $1,821,000 after buying an additional 32,364 shares in the last quarter. Driehaus Capital Management LLC increased its position in MarineMax by 33.9% in the first quarter. Driehaus Capital Management LLC now owns 300,639 shares of the specialty retailer’s stock worth $6,509,000 after buying an additional 76,070 shares in the last quarter. Credit Suisse AG increased its position in MarineMax by 11.3% in the first quarter. Credit Suisse AG now owns 44,011 shares of the specialty retailer’s stock worth $953,000 after buying an additional 4,462 shares in the last quarter. Finally, State Street Corp increased its position in MarineMax by 6.7% in the first quarter. State Street Corp now owns 666,505 shares of the specialty retailer’s stock worth $14,431,000 after buying an additional 41,706 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.
MarineMax Company Profile
MarineMax, Inc is a recreational boat and yacht dealer in the United States. Through 56 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas, the Company sold new and used recreational boats, including pleasure and fishing boats, as of September 30, 2016.
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