MarineMax (NYSE:HZO) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b” rating in a research report issued to clients and investors on Thursday.

Several other equities research analysts also recently commented on the company. CL King assumed coverage on MarineMax in a report on Monday, November 13th. They set a “neutral” rating for the company. B. Riley upped their target price on MarineMax from $19.75 to $22.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Craig Hallum set a $21.00 target price on MarineMax and gave the company a “buy” rating in a report on Tuesday, October 31st. Forward View downgraded MarineMax from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Finally, Citigroup upped their target price on MarineMax from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. MarineMax presently has a consensus rating of “Buy” and an average price target of $21.67.

Shares of MarineMax (NYSE HZO) opened at $21.70 on Thursday. The firm has a market capitalization of $572.41, a price-to-earnings ratio of 21.39, a PEG ratio of 0.62 and a beta of 1.04. MarineMax has a twelve month low of $13.80 and a twelve month high of $23.65.

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

In other news, VP Michael H. Mclamb sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $21.10, for a total transaction of $211,000.00. Following the completion of the sale, the vice president now directly owns 21,500 shares of the company’s stock, valued at $453,650. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Hilliard M. Eure sold 2,500 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $16.00, for a total value of $40,000.00. Following the transaction, the director now directly owns 14,000 shares in the company, valued at $224,000. The disclosure for this sale can be found here. Over 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 company insiders.

A number of large investors have recently bought and sold shares of HZO. Teachers Advisors LLC raised its position in MarineMax by 8.3% during the first quarter. Teachers Advisors LLC now owns 48,616 shares of the specialty retailer’s stock valued at $1,053,000 after buying an additional 3,720 shares during the period. Vanguard Group Inc. raised its position in MarineMax by 7.8% during the first quarter. Vanguard Group Inc. now owns 1,295,884 shares of the specialty retailer’s stock valued at $28,055,000 after buying an additional 93,220 shares during the period. Geode Capital Management LLC raised its position in MarineMax by 9.5% during the first quarter. Geode Capital Management LLC now owns 187,053 shares of the specialty retailer’s stock valued at $4,049,000 after buying an additional 16,195 shares during the period. Schwab Charles Investment Management Inc. raised its position in MarineMax by 12.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 112,351 shares of the specialty retailer’s stock valued at $2,433,000 after buying an additional 12,730 shares during the period. Finally, State Street Corp raised its position in MarineMax by 6.7% during the first quarter. State Street Corp now owns 666,505 shares of the specialty retailer’s stock valued at $14,431,000 after buying an additional 41,706 shares during the period. 98.81% of the stock is currently owned by hedge funds and other institutional investors.

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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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