MarineMax (HZO) – Analysts’ Weekly Ratings Updates

A number of research firms have changed their ratings and price targets for MarineMax (NYSE: HZO):

  • 5/8/2019 – MarineMax was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 4/30/2019 – MarineMax was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MarineMax, Inc. is the nation’s largest recreational boat and yacht retailer. Focused on premium brands, such as Sea Ray, Boston Whaler, Meridian, Hatteras, Azimut Yachts, Ocean Alexander, Galeon, Grady-White, Harris, Crest, Scout, Sailfish, Sea Pro, Scarab Jet Boats, Aquila, and Nautique, MarineMax sells new and used recreational boats and related marine products and services as well as provides yacht brokerage and charter services. MarineMax currently has 62 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina and Texas and operates MarineMax Vacations in Tortola, British Virgin Islands. “
  • 4/26/2019 – MarineMax had its “buy” rating reaffirmed by analysts at Northcoast Research.
  • 4/25/2019 – MarineMax was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 4/4/2019 – MarineMax was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 3/27/2019 – MarineMax was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “MarineMax, Inc. is the nation’s largest recreational boat and yacht retailer. Focused on premium brands, such as Sea Ray, Boston Whaler, Meridian, Hatteras, Azimut Yachts, Ocean Alexander, Galeon, Grady-White, Harris, Crest, Scout, Sailfish, Sea Pro, Scarab Jet Boats, Aquila, and Nautique, MarineMax sells new and used recreational boats and related marine products and services as well as provides yacht brokerage and charter services. MarineMax currently has 62 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina and Texas and operates MarineMax Vacations in Tortola, British Virgin Islands. “

NYSE HZO traded down $0.03 during trading on Thursday, reaching $16.79. 343,606 shares of the company’s stock traded hands, compared to its average volume of 354,501. The company has a market capitalization of $450.83 million, a price-to-earnings ratio of 9.88 and a beta of 0.84. MarineMax Inc has a 12-month low of $15.51 and a 12-month high of $26.11.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). MarineMax had a return on equity of 10.93% and a net margin of 3.22%. The firm had revenue of $303.59 million during the quarter, compared to analysts’ expectations of $290.24 million. During the same period in the previous year, the firm earned $0.27 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts expect that MarineMax Inc will post 1.82 earnings per share for the current year.

In other news, CEO W Brett Mcgill sold 5,061 shares of MarineMax stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $20.03, for a total value of $101,371.83. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.50% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in MarineMax by 14.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 299,257 shares of the specialty retailer’s stock worth $6,359,000 after purchasing an additional 37,843 shares in the last quarter. MetLife Investment Advisors LLC boosted its stake in MarineMax by 47.8% in the 3rd quarter. MetLife Investment Advisors LLC now owns 18,763 shares of the specialty retailer’s stock worth $399,000 after purchasing an additional 6,067 shares in the last quarter. Teachers Advisors LLC boosted its stake in MarineMax by 9.0% in the 3rd quarter. Teachers Advisors LLC now owns 54,614 shares of the specialty retailer’s stock worth $1,161,000 after purchasing an additional 4,532 shares in the last quarter. Legal & General Group Plc boosted its stake in MarineMax by 13.6% in the 3rd quarter. Legal & General Group Plc now owns 48,754 shares of the specialty retailer’s stock worth $1,038,000 after purchasing an additional 5,841 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in MarineMax by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,446,809 shares of the specialty retailer’s stock worth $30,745,000 after purchasing an additional 47,103 shares in the last quarter. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.

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