MarineMax Inc (NYSE:HZO) insider William H. Mcgill, Jr. sold 8,525 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $26.06, for a total value of $222,161.50. Following the transaction, the insider now owns 269,515 shares in the company, valued at approximately $7,023,560.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
MarineMax stock opened at $24.46 on Friday. The company has a market capitalization of $648.19 million, a P/E ratio of 13.97 and a beta of 0.94. MarineMax Inc has a twelve month low of $16.40 and a twelve month high of $26.11.
MarineMax (NYSE:HZO) last posted its quarterly earnings results on Tuesday, October 30th. The specialty retailer reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.22. The company had revenue of $308.59 million for the quarter, compared to the consensus estimate of $273.60 million. MarineMax had a return on equity of 11.97% and a net margin of 3.34%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 EPS. As a group, analysts forecast that MarineMax Inc will post 1.92 earnings per share for the current fiscal year.
A number of research analysts have weighed in on the company. Citigroup upped their target price on MarineMax from $23.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday. B. Riley upped their target price on MarineMax to $30.00 and gave the stock a “buy” rating in a report on Wednesday, October 31st. Raymond James upped their price target on MarineMax from $24.00 to $28.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 31st. Wedbush upped their price target on MarineMax from $21.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 31st. Finally, CL King downgraded MarineMax from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 31st. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $27.00.
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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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