MarineMax’s (HZO) Buy Rating Reiterated at B. Riley

MarineMax (NYSE:HZO)‘s stock had its “buy” rating reiterated by analysts at B. Riley in a report released on Monday. They presently have a $22.00 price objective on the specialty retailer’s stock. B. Riley’s price target indicates a potential upside of 9.45% from the company’s current price.

A number of other equities analysts also recently commented on HZO. TheStreet downgraded MarineMax from a “b” rating to a “c+” rating in a research note on Friday, January 5th. Citigroup lifted their target price on MarineMax from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Craig Hallum set a $21.00 target price on MarineMax and gave the company a “buy” rating in a research note on Tuesday, October 31st. Forward View downgraded MarineMax from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Zacks Investment Research downgraded MarineMax from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $21.00.

Shares of MarineMax (HZO) traded up $0.60 during mid-day trading on Monday, reaching $20.10. The company’s stock had a trading volume of 469,265 shares, compared to its average volume of 284,357. MarineMax has a 12 month low of $13.80 and a 12 month high of $23.65. The firm has a market capitalization of $532.66, a P/E ratio of 21.16, a P/E/G ratio of 0.56 and a beta of 1.05.

MarineMax (NYSE:HZO) last issued its earnings results on Tuesday, October 31st. The specialty retailer reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.11. MarineMax had a return on equity of 7.82% and a net margin of 2.24%. The company had revenue of $250.62 million during the quarter, compared to the consensus estimate of $231.96 million. During the same period in the previous year, the firm posted $0.18 earnings per share. MarineMax’s quarterly revenue was up 10.2% compared to the same quarter last year. analysts forecast that MarineMax will post 1.17 EPS for the current year.

In other news, CEO William H. Mcgill, Jr. sold 5,400 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $22.00, for a total transaction of $118,800.00. Following the completion of the transaction, the chief executive officer now directly owns 262,142 shares in the company, valued at $5,767,124. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Hilliard M. Eure sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $21.00, for a total value of $52,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,900 shares of company stock valued at $2,083,440. Insiders own 4.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its position in shares of MarineMax by 58.1% during the second quarter. BNP Paribas Arbitrage SA now owns 7,348 shares of the specialty retailer’s stock worth $144,000 after buying an additional 2,699 shares during the period. Louisiana State Employees Retirement System acquired a new stake in MarineMax in the fourth quarter worth approximately $193,000. Boothbay Fund Management LLC acquired a new stake in MarineMax in the third quarter worth approximately $182,000. CAPROCK Group Inc. acquired a new stake in MarineMax in the third quarter worth approximately $213,000. Finally, Voya Investment Management LLC lifted its position in MarineMax by 17.0% in the second quarter. Voya Investment Management LLC now owns 12,935 shares of the specialty retailer’s stock worth $253,000 after purchasing an additional 1,881 shares during the period. Institutional investors and hedge funds own 88.85% of the company’s stock.

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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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