MarineMax (NYSE:HZO) had its target price raised by equities research analysts at Craig Hallum from $16.00 to $24.00 in a research note issued to investors on Monday, The Fly reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Craig Hallum’s price objective indicates a potential upside of 8.35% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of MarineMax from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Wednesday, June 3rd. Raymond James lifted their price target on shares of MarineMax from $22.00 to $23.50 and gave the company an “outperform” rating in a research report on Tuesday, June 16th. B. Riley reiterated a “buy” rating and set a $28.00 price target on shares of MarineMax in a research report on Monday, June 15th. Finally, SunTrust Banks lifted their price target on shares of MarineMax from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $21.79.
Shares of NYSE:HZO opened at $22.15 on Monday. The company has a quick ratio of 0.25, a current ratio of 1.38 and a debt-to-equity ratio of 0.09. The company has a market cap of $474.81 million, a P/E ratio of 12.37 and a beta of 1.83. MarineMax has a 52 week low of $7.24 and a 52 week high of $23.15. The company has a 50-day moving average price of $19.54 and a 200 day moving average price of $16.43.
MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, April 23rd. The specialty retailer reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. The firm had revenue of $308.48 million during the quarter, compared to the consensus estimate of $302.96 million. MarineMax had a net margin of 3.06% and a return on equity of 11.02%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. Analysts expect that MarineMax will post 1.52 EPS for the current year.
In other MarineMax news, Director Hilliard M. Eure sold 2,018 shares of MarineMax stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $20.09, for a total value of $40,541.62. Following the completion of the sale, the director now directly owns 19,482 shares of the company’s stock, valued at approximately $391,393.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles R. Oglesby sold 10,000 shares of MarineMax stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $22.50, for a total transaction of $225,000.00. Following the completion of the sale, the director now directly owns 56,417 shares of the company’s stock, valued at $1,269,382.50. The disclosure for this sale can be found here. Insiders own 4.80% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in HZO. Fuller & Thaler Asset Management Inc. purchased a new stake in MarineMax in the 1st quarter worth approximately $3,518,000. RK Capital Management LLC purchased a new stake in MarineMax in the 1st quarter worth approximately $2,835,000. Acadian Asset Management LLC grew its stake in MarineMax by 13,399.8% in the 1st quarter. Acadian Asset Management LLC now owns 229,361 shares of the specialty retailer’s stock worth $2,388,000 after acquiring an additional 227,662 shares during the period. BlackRock Inc. grew its stake in MarineMax by 5.4% in the 1st quarter. BlackRock Inc. now owns 4,010,382 shares of the specialty retailer’s stock worth $41,791,000 after acquiring an additional 204,029 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in MarineMax in the 4th quarter worth approximately $1,940,000. 83.00% of the stock is owned by hedge funds and other institutional investors.
MarineMax Company Profile
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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