MarineMax, Inc. (NYSE:HZO) has received a consensus recommendation of “Buy” from the nine analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $21.00.

A number of analysts have recently weighed in on the company. Ifs Securities reissued a “strong-buy” rating and issued a $20.00 price objective on shares of MarineMax in a research report on Thursday, August 24th. CL King assumed coverage on MarineMax in a research report on Monday, November 13th. They issued a “neutral” rating for the company. B. Riley reissued a “buy” rating and issued a $19.75 price objective on shares of MarineMax in a research report on Wednesday, September 20th. Craig Hallum set a $21.00 price objective on MarineMax and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Finally, Citigroup raised their price objective on MarineMax from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd.

In other news, Director Dean S. Woodman sold 2,500 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $17.00, for a total value of $42,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman William H. Mcgill, Jr. sold 35,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $22.03, for a total value of $771,050.00. Following the completion of the transaction, the chairman now directly owns 262,142 shares of the company’s stock, valued at approximately $5,774,988.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,900 shares of company stock valued at $2,165,940. 5.00% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of HZO. Teachers Advisors LLC increased its stake in shares of MarineMax by 8.3% in the 1st quarter. Teachers Advisors LLC now owns 48,616 shares of the specialty retailer’s stock valued at $1,053,000 after purchasing an additional 3,720 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of MarineMax by 7.8% in the 1st quarter. Vanguard Group Inc. now owns 1,295,884 shares of the specialty retailer’s stock valued at $28,055,000 after purchasing an additional 93,220 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of MarineMax by 9.5% in the 1st quarter. Geode Capital Management LLC now owns 187,053 shares of the specialty retailer’s stock valued at $4,049,000 after purchasing an additional 16,195 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of MarineMax by 12.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 112,351 shares of the specialty retailer’s stock valued at $2,433,000 after purchasing an additional 12,730 shares in the last quarter. Finally, State Street Corp increased its stake in shares of MarineMax by 6.7% in the 1st quarter. State Street Corp now owns 666,505 shares of the specialty retailer’s stock valued at $14,431,000 after purchasing an additional 41,706 shares in the last quarter. 98.81% of the stock is owned by institutional investors and hedge funds.

Shares of MarineMax (HZO) traded down $0.20 during trading hours on Thursday, hitting $21.15. The stock had a trading volume of 191,900 shares, compared to its average volume of 305,010. MarineMax has a twelve month low of $13.80 and a twelve month high of $23.65. The stock has a market cap of $506.75, a P/E ratio of 21.14, a PEG ratio of 0.61 and a beta of 1.04.

MarineMax (NYSE:HZO) last posted its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.11. The firm had revenue of $250.62 million during the quarter, compared to analysts’ expectations of $231.96 million. MarineMax had a return on equity of 7.82% and a net margin of 2.24%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS. research analysts expect that MarineMax will post 1.16 earnings per share for the current fiscal year.

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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.

Analyst Recommendations for MarineMax (NYSE:HZO)

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