BidaskClub cut shares of MarineMax, Inc. (NYSE:HZO) from a hold rating to a sell rating in a report released on Tuesday.
Several other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of MarineMax from a hold rating to a buy rating and set a $24.00 price objective on the stock in a report on Tuesday, April 18th. Citigroup Inc. reiterated a buy rating and set a $25.00 price objective (down previously from $26.00) on shares of MarineMax in a report on Monday, May 15th. Finally, B. Riley reiterated a buy rating and set a $20.00 price objective on shares of MarineMax in a report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. MarineMax currently has a consensus rating of Hold and an average target price of $23.33.
MarineMax (NYSE HZO) traded up 1.37% during trading on Tuesday, reaching $14.85. The company’s stock had a trading volume of 596,509 shares. The company has a market cap of $361.39 million, a P/E ratio of 14.85 and a beta of 1.04. MarineMax has a 12 month low of $13.80 and a 12 month high of $23.65. The stock’s 50-day moving average is $18.32 and its 200 day moving average is $20.02.
MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, July 20th. The specialty retailer reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.68 by $0.11. MarineMax had a net margin of 2.45% and a return on equity of 7.53%. The company had revenue of $329.80 million for the quarter, compared to analyst estimates of $383.01 million. During the same quarter in the prior year, the company posted $0.57 EPS. MarineMax’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, equities analysts forecast that MarineMax will post $1.00 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of HZO. Renaissance Technologies LLC increased its stake in MarineMax by 32.4% in the fourth quarter. Renaissance Technologies LLC now owns 85,400 shares of the specialty retailer’s stock valued at $1,652,000 after buying an additional 20,900 shares during the last quarter. Bogle Investment Management L P DE acquired a new stake in MarineMax during the first quarter valued at approximately $212,000. Coe Capital Management LLC increased its stake in MarineMax by 11.3% in the first quarter. Coe Capital Management LLC now owns 32,595 shares of the specialty retailer’s stock valued at $706,000 after buying an additional 3,310 shares during the last quarter. 1060 Capital LLC acquired a new stake in MarineMax during the first quarter valued at approximately $3,580,000. Finally, GSA Capital Partners LLP acquired a new stake in MarineMax during the fourth quarter valued at approximately $195,000. 90.91% of the stock is owned by institutional investors.
About MarineMax
MarineMax, Inc is a recreational boat and yacht dealer in the United States. Through 56 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas, the Company sold new and used recreational boats, including pleasure and fishing boats, as of September 30, 2016.
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