MarineMax Inc (NYSE:HZO) – B. Riley raised their Q2 2018 EPS estimates for shares of MarineMax in a note issued to investors on Monday. B. Riley analyst E. Wold now forecasts that the specialty retailer will post earnings per share of $0.23 for the quarter, up from their previous forecast of $0.20. B. Riley has a “Buy” rating and a $22.00 price target on the stock. B. Riley also issued estimates for MarineMax’s Q3 2018 earnings at $0.87 EPS, Q4 2018 earnings at $0.30 EPS, Q2 2019 earnings at $0.26 EPS, Q3 2019 earnings at $0.94 EPS, Q4 2019 earnings at $0.36 EPS and FY2019 earnings at $1.56 EPS.
Other equities analysts also recently issued reports about the stock. TheStreet downgraded shares of MarineMax from a “b” rating to a “c+” rating in a report on Friday, January 5th. Forward View downgraded shares of MarineMax from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Zacks Investment Research downgraded shares of MarineMax from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Craig Hallum set a $21.00 price target on shares of MarineMax and gave the stock a “buy” rating in a report on Tuesday, October 31st. Finally, CL King assumed coverage on shares of MarineMax in a report on Monday, November 13th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $21.00.
MarineMax (NYSE:HZO) last issued its quarterly earnings results 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 company had revenue of $250.62 million for the quarter, compared to the consensus estimate of $231.96 million. MarineMax had a net margin of 2.24% and a return on equity of 7.82%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 EPS.
Several large investors have recently modified their holdings of HZO. Schwab Charles Investment Management Inc. increased its holdings in shares of MarineMax by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 112,921 shares of the specialty retailer’s stock valued at $2,208,000 after acquiring an additional 570 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of MarineMax by 8.9% during the second quarter. Legal & General Group Plc now owns 44,407 shares of the specialty retailer’s stock valued at $867,000 after acquiring an additional 3,635 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings 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 valued at $144,000 after acquiring an additional 2,699 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of MarineMax by 15.1% during the second quarter. Alliancebernstein L.P. now owns 16,800 shares of the specialty retailer’s stock valued at $328,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Teachers Advisors LLC increased its holdings in shares of MarineMax by 3.0% during the second quarter. Teachers Advisors LLC now owns 50,058 shares of the specialty retailer’s stock valued at $979,000 after acquiring an additional 1,442 shares in the last quarter. Hedge funds and other institutional investors own 88.85% of the company’s stock.
In other news, Chairman William H. Mcgill, Jr. sold 35,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $22.03, for a total transaction of $771,050.00. Following the completion of the transaction, the chairman now directly owns 262,142 shares in the company, valued at $5,774,988.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hilliard M. Eure sold 2,500 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were 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. Insiders sold 96,900 shares of company stock valued at $2,083,440 in the last ninety days. 4.40% of the stock is currently owned by insiders.
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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.
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