MarineMax, Inc. (NYSE:HZO) Director Hilliard M. Eure sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $21.00, for a total transaction of $52,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
MarineMax, Inc. (NYSE HZO) traded down $0.80 during mid-day trading on Tuesday, hitting $20.85. 262,348 shares of the company traded hands, compared to its average volume of 309,139. The firm has a market capitalization of $543.55, a PE ratio of 20.69, a P/E/G ratio of 0.60 and a beta of 0.99. MarineMax, Inc. has a twelve month low of $13.80 and a twelve month high of $23.65.
MarineMax (NYSE:HZO) last posted its quarterly earnings results on Tuesday, October 31st. The specialty retailer reported $0.22 EPS for the quarter, topping the consensus estimate of $0.11 by $0.11. The business had revenue of $250.62 million during the quarter, compared to analysts’ expectations of $231.96 million. MarineMax had a net margin of 2.24% and a return on equity of 7.82%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company posted $0.18 earnings per share. equities research analysts forecast that MarineMax, Inc. will post 1.16 EPS for the current fiscal year.
MarineMax announced that its board has approved a stock repurchase program on Wednesday, August 2nd that authorizes the company to buyback 2,000,000 shares. This buyback authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.
HZO has been the subject of several recent analyst reports. BidaskClub cut shares of MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. TheStreet cut shares of MarineMax from a “b” rating to a “c+” rating in a report on Wednesday, July 26th. Ifs Securities reiterated a “strong-buy” rating and issued a $20.00 target price on shares of MarineMax in a report on Thursday, August 24th. B. Riley reiterated a “buy” rating and issued a $19.75 target price on shares of MarineMax in a report on Wednesday, September 20th. Finally, Citigroup Inc. raised their target price on shares of MarineMax from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $21.67.
Several hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new stake in shares of MarineMax during the third quarter worth approximately $380,000. Coe Capital Management LLC boosted its holdings in shares of MarineMax by 43.0% during the third quarter. Coe Capital Management LLC now owns 52,875 shares of the specialty retailer’s stock worth $875,000 after purchasing an additional 15,910 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of MarineMax during the third quarter worth approximately $182,000. PEAK6 Investments L.P. bought a new position in MarineMax during the third quarter valued at approximately $274,000. Finally, Royce & Associates LP raised its position in MarineMax by 1,644.7% during the third quarter. Royce & Associates LP now owns 132,600 shares of the specialty retailer’s stock valued at $2,195,000 after acquiring an additional 125,000 shares in the last quarter. Institutional investors and hedge funds own 90.57% of the company’s stock.
MarineMax Company Profile
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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