MarineMax Inc. (NYSE:HZO)’s share price fell 2.8% on Tuesday . The stock traded as low as $19.77 and last traded at $19.88, with a volume of 222,875 shares trading hands. The stock had previously closed at $20.46.

A number of brokerages have recently commented on HZO. B. Riley reiterated a “buy” rating and issued a $22.50 target price on shares of MarineMax in a report on Wednesday, July 27th. Forward View reiterated a “hold” rating on shares of MarineMax in a report on Saturday, May 28th. Finally, Zacks Investment Research cut MarineMax from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Seven analysts have rated the stock with a buy rating, MarineMax has an average rating of “Buy” and a consensus price target of $24.10.

The stock has a 50 day moving average price of $19.19 and a 200 day moving average price of $17.95. The firm has a market capitalization of $476.65 million and a PE ratio of 9.73.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. During the same period in the previous year, the company posted $0.52 EPS. The business earned $345.60 million during the quarter, compared to analyst estimates of $268.34 million. The business’s revenue for the quarter was up 49.1% compared to the same quarter last year. On average, equities research analysts anticipate that MarineMax Inc. will post $0.90 earnings per share for the current fiscal year.

In related news, VP Michael H. Mclamb sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $20.56, for a total value of $102,800.00. Following the completion of the transaction, the vice president now owns 133,648 shares of the company’s stock, valued at approximately $2,747,802.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael H. Mclamb sold 6,337 shares of the company’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $20.62, for a total value of $130,668.94. Following the completion of the transaction, the vice president now directly owns 131,185 shares of the company’s stock, valued at approximately $2,705,034.70. The disclosure for this sale can be found here.

Several institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its position in shares of MarineMax by 15.8% in the fourth quarter. Victory Capital Management Inc. now owns 72,905 shares of the company’s stock worth $1,343,000 after buying an additional 9,950 shares during the last quarter. Investment Management of Virginia LLC boosted its position in shares of MarineMax by 18.2% in the fourth quarter. Investment Management of Virginia LLC now owns 99,847 shares of the company’s stock worth $1,839,000 after buying an additional 15,357 shares during the last quarter. Finally, Coe Capital Management LLC boosted its position in shares of MarineMax by 381.8% in the fourth quarter. Coe Capital Management LLC now owns 337,584 shares of the company’s stock worth $6,219,000 after buying an additional 267,519 shares during the last quarter.

MarineMax, Inc is a recreational boat dealer in the United States. The Company engages in the retail sale, brokerage, and service of used boats, motors, trailers, marine parts and accessories and offers slip and storage accommodations in certain locations. It offers related boat financing, insurance and extended service contracts.

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