Shares of MarineMax Inc (NYSE:HZO) have been assigned an average recommendation of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat reports. One research 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. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $21.00.

Several brokerages have recently weighed in on HZO. Zacks Investment Research cut shares of MarineMax from a “buy” rating to a “hold” rating in a research report on Thursday. TheStreet raised shares of MarineMax from a “c+” rating to a “b” rating in a research report on Thursday, December 7th. CL King began coverage on shares of MarineMax in a research report on Monday, November 13th. They set a “neutral” rating on the stock. B. Riley boosted their price target on shares of MarineMax from $19.75 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Finally, Craig Hallum set a $21.00 price target on shares of MarineMax and gave the company a “buy” rating in a research report on Tuesday, October 31st.

Shares of MarineMax (NYSE HZO) traded down $0.15 during mid-day trading on Monday, hitting $18.60. 441,742 shares of the stock traded hands, compared to its average volume of 256,942. The firm has a market cap of $492.91, a PE ratio of 19.58, a price-to-earnings-growth ratio of 0.54 and a beta of 1.05. MarineMax has a 1 year low of $13.80 and a 1 year high of $23.65.

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

In other MarineMax news, Chairman William H. Mcgill, Jr. sold 35,000 shares of the company’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 transaction, the chairman now owns 262,142 shares of the company’s stock, valued at $5,774,988.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William H. Mcgill, Jr. sold 5,400 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were 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 approximately $5,767,124. The disclosure for this sale can be found here. Insiders sold 96,900 shares of company stock worth $2,083,440 in the last ninety days. 5.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of HZO. Ameriprise Financial Inc. lifted its position in shares of MarineMax by 61.7% during the second quarter. Ameriprise Financial Inc. now owns 209,829 shares of the specialty retailer’s stock worth $4,102,000 after purchasing an additional 80,043 shares in the last quarter. Sei Investments Co. lifted its position in shares of MarineMax by 47.3% during the third quarter. Sei Investments Co. now owns 59,824 shares of the specialty retailer’s stock worth $990,000 after purchasing an additional 19,208 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of MarineMax during the third quarter worth about $4,065,000. Impala Asset Management LLC lifted its position in shares of MarineMax by 18.6% during the second quarter. Impala Asset Management LLC now owns 1,795,759 shares of the specialty retailer’s stock worth $35,107,000 after purchasing an additional 282,017 shares in the last quarter. Finally, Kennedy Capital Management Inc. lifted its position in shares of MarineMax by 855.1% during the second quarter. Kennedy Capital Management Inc. now owns 331,000 shares of the specialty retailer’s stock worth $6,471,000 after purchasing an additional 296,343 shares in the last quarter. 88.43% of the stock is currently owned by 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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