MarineMax Inc (NYSE:HZO) Given Average Recommendation of “Hold” by Brokerages

Shares of MarineMax Inc (NYSE:HZO) have earned an average recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $21.00.

Several research firms have commented on HZO. Longbow Research lowered shares of MarineMax from a “buy” rating to a “neutral” rating in a report on Wednesday, October 30th. Zacks Investment Research cut MarineMax from a “buy” rating to a “hold” rating in a report on Friday, November 1st. B. Riley set a $23.00 price objective on MarineMax and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, ValuEngine upgraded MarineMax from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

NYSE HZO traded up $0.03 on Monday, hitting $16.12. 228,088 shares of the company’s stock traded hands, compared to its average volume of 283,312. MarineMax has a 1-year low of $13.73 and a 1-year high of $21.09. The firm’s 50-day moving average price is $16.49 and its two-hundred day moving average price is $15.83. The firm has a market capitalization of $452.93 million, a PE ratio of 9.89 and a beta of 0.90.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Tuesday, October 29th. The specialty retailer reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. MarineMax had a net margin of 2.91% and a return on equity of 10.24%. The firm had revenue of $308.10 million for the quarter, compared to analyst estimates of $309.60 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. As a group, equities research analysts forecast that MarineMax will post 1.65 EPS for the current year.

In other MarineMax news, Director Joseph Allen Watters sold 10,000 shares of MarineMax stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $16.12, for a total value of $161,200.00. Insiders own 3.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Global Alpha Capital Management Ltd. lifted its position in shares of MarineMax by 28.8% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 617,524 shares of the specialty retailer’s stock valued at $10,152,000 after buying an additional 138,056 shares in the last quarter. BlackRock Inc. raised its position in shares of MarineMax by 3.4% during the 2nd quarter. BlackRock Inc. now owns 3,852,553 shares of the specialty retailer’s stock worth $63,336,000 after purchasing an additional 125,383 shares during the last quarter. Strs Ohio raised its position in shares of MarineMax by 380.1% during the 2nd quarter. Strs Ohio now owns 154,600 shares of the specialty retailer’s stock worth $2,541,000 after purchasing an additional 122,400 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in shares of MarineMax during the 2nd quarter worth about $2,003,000. Finally, Invesco Ltd. lifted its stake in MarineMax by 34.4% in the 2nd quarter. Invesco Ltd. now owns 274,206 shares of the specialty retailer’s stock valued at $4,508,000 after buying an additional 70,203 shares in the last quarter. Institutional investors own 84.72% of the company’s stock.

About MarineMax

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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