MarineMax Inc (HZO) Director Dean S. Woodman Sells 10,000 Shares

MarineMax Inc (NYSE:HZO) Director Dean S. Woodman sold 10,000 shares of MarineMax stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $25.97, for a total transaction of $259,700.00. Following the completion of the transaction, the director now directly owns 23,844 shares in the company, valued at $619,228.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of HZO traded down $0.65 during trading hours on Friday, reaching $24.35. 8,380 shares of the company traded hands, compared to its average volume of 445,237. The firm has a market capitalization of $697.84 million, a PE ratio of 14.51 and a beta of 0.94. MarineMax Inc has a 12-month low of $16.40 and a 12-month high of $26.11.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Tuesday, October 30th. The specialty retailer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.23 by $0.22. MarineMax had a net margin of 3.34% and a return on equity of 11.97%. The company had revenue of $308.59 million for the quarter, compared to analyst estimates of $273.60 million. During the same period in the prior year, the company earned $0.22 earnings per share. The firm’s revenue was up 23.1% on a year-over-year basis. On average, equities research analysts forecast that MarineMax Inc will post 1.92 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on HZO shares. Citigroup boosted their price objective on shares of MarineMax from $23.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday. Raymond James boosted their price objective on shares of MarineMax from $24.00 to $28.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 31st. Zacks Investment Research lowered shares of MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Wedbush dropped their price objective on shares of MarineMax from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, July 27th. Finally, ValuEngine raised shares of MarineMax from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. MarineMax has a consensus rating of “Buy” and a consensus price target of $27.00.

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of MarineMax by 6.3% in the second quarter. BlackRock Inc. now owns 3,110,799 shares of the specialty retailer’s stock worth $58,949,000 after acquiring an additional 183,082 shares during the period. Eagle Asset Management Inc. raised its position in shares of MarineMax by 4.1% in the third quarter. Eagle Asset Management Inc. now owns 2,895,645 shares of the specialty retailer’s stock worth $61,532,000 after acquiring an additional 113,830 shares during the period. Carillon Tower Advisers Inc. raised its position in shares of MarineMax by 3.8% in the second quarter. Carillon Tower Advisers Inc. now owns 1,861,655 shares of the specialty retailer’s stock worth $35,278,000 after acquiring an additional 67,605 shares during the period. WINTON GROUP Ltd raised its position in shares of MarineMax by 75.5% in the second quarter. WINTON GROUP Ltd now owns 458,925 shares of the specialty retailer’s stock worth $8,697,000 after acquiring an additional 197,449 shares during the period. Finally, Royce & Associates LP raised its position in shares of MarineMax by 31.7% in the second quarter. Royce & Associates LP now owns 378,100 shares of the specialty retailer’s stock worth $7,165,000 after acquiring an additional 91,000 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

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MarineMax Company Profile

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

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Insider Buying and Selling by Quarter for MarineMax (NYSE:HZO)

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