MarineMax Inc (NYSE:HZO) has been assigned an average rating of “Buy” from the eleven brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $27.23.

A number of analysts have recently issued reports on the company. TheStreet cut MarineMax from a “b-” rating to a “c+” rating in a research report on Wednesday, May 8th. Northcoast Research restated a “buy” rating on shares of MarineMax in a research report on Friday, April 26th. Zacks Investment Research cut MarineMax from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. ValuEngine cut MarineMax from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 25th. Finally, Craig Hallum upgraded MarineMax from a “hold” rating to a “buy” rating and set a $18.39 price objective on the stock in a research report on Friday, February 1st.

In other MarineMax news, CEO W Brett Mcgill sold 5,061 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $20.03, for a total value of $101,371.83. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 3.50% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in MarineMax by 102.7% in the first quarter. Goldman Sachs Group Inc. now owns 305,424 shares of the specialty retailer’s stock valued at $5,852,000 after acquiring an additional 154,714 shares during the period. Cresset Asset Management LLC bought a new stake in MarineMax in the first quarter valued at $95,000. Marshall Wace LLP grew its position in MarineMax by 1,066.9% in the first quarter. Marshall Wace LLP now owns 127,585 shares of the specialty retailer’s stock valued at $2,445,000 after acquiring an additional 116,651 shares during the period. Pinebridge Investments L.P. grew its position in MarineMax by 946.4% in the first quarter. Pinebridge Investments L.P. now owns 31,476 shares of the specialty retailer’s stock valued at $603,000 after acquiring an additional 28,468 shares during the period. Finally, Geode Capital Management LLC grew its position in MarineMax by 5.8% in the first quarter. Geode Capital Management LLC now owns 253,044 shares of the specialty retailer’s stock valued at $4,847,000 after acquiring an additional 13,857 shares during the period. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Shares of HZO stock opened at $16.82 on Thursday. MarineMax has a 12 month low of $15.51 and a 12 month high of $26.11. The company has a market cap of $450.83 million, a PE ratio of 9.89 and a beta of 0.84.

MarineMax (NYSE:HZO) last released 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). The firm had revenue of $303.59 million for the quarter, compared to the consensus estimate of $290.24 million. MarineMax had a net margin of 3.22% and a return on equity of 10.93%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Equities research analysts anticipate that MarineMax will post 1.82 EPS for the current year.

MarineMax Company Profile

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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Analyst Recommendations for MarineMax (NYSE:HZO)

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