MarineMax (HZO) Given a $30.00 Price Target at B. Riley

B. Riley set a $30.00 price objective on MarineMax (NYSE:HZO) in a report released on Monday. The firm currently has a buy rating on the specialty retailer’s stock.

Other equities research analysts have also recently issued research reports about the stock. CL King cut shares of MarineMax from a buy rating to a neutral rating in a report on Wednesday, October 31st. Citigroup lowered their target price on shares of MarineMax from $28.00 to $23.00 and set a buy rating on the stock in a report on Wednesday, August 15th. Ifs Securities reissued a buy rating and set a $31.00 target price on shares of MarineMax in a report on Tuesday, October 30th. Zacks Investment Research raised shares of MarineMax from a hold rating to a buy rating and set a $23.00 target price on the stock in a report on Thursday, October 18th. Finally, ValuEngine cut shares of MarineMax from a buy rating to a hold rating in a report on Friday, November 16th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $27.00.

MarineMax stock opened at $21.01 on Monday. MarineMax has a 12 month low of $16.40 and a 12 month high of $26.11. The company has a market capitalization of $570.47 million, a P/E ratio of 12.36 and a beta of 0.91.

MarineMax (NYSE:HZO) last posted its quarterly earnings data 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 return on equity of 11.97% and a net margin of 3.34%. The business had revenue of $308.59 million for the quarter, compared to the consensus estimate of $273.60 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. MarineMax’s revenue for the quarter was up 23.1% on a year-over-year basis. As a group, equities analysts expect that MarineMax will post 1.92 EPS for the current year.

In other MarineMax news, Director Joseph Allen Watters sold 2,500 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $21.17, for a total transaction of $52,925.00. Following the sale, the director now owns 62,413 shares of the company’s stock, valued at approximately $1,321,283.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dean S. Woodman sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $25.97, for a total transaction of $259,700.00. Following the sale, the director now directly owns 23,844 shares in the company, valued at approximately $619,228.68. The disclosure for this sale can be found here. Insiders have sold a total of 145,300 shares of company stock worth $3,545,513 in the last three months. Insiders own 5.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in HZO. Janney Montgomery Scott LLC increased its holdings in shares of MarineMax by 12.3% in the second quarter. Janney Montgomery Scott LLC now owns 33,984 shares of the specialty retailer’s stock worth $644,000 after purchasing an additional 3,722 shares during the period. Algert Global LLC bought a new position in shares of MarineMax in the second quarter worth $734,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of MarineMax in the second quarter worth $285,000. AlphaMark Advisors LLC increased its holdings in shares of MarineMax by 100.0% in the second quarter. AlphaMark Advisors LLC now owns 20,000 shares of the specialty retailer’s stock worth $379,000 after purchasing an additional 10,000 shares during the period. Finally, Engineers Gate Manager LP bought a new position in shares of MarineMax in the second quarter worth $306,000. 91.21% of the stock is currently owned by hedge funds and other institutional investors.

About MarineMax

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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Analyst Recommendations for MarineMax (NYSE:HZO)

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