MarineMax Inc. (HZO) Shares Up 2.7%
MarineMax Inc. (NYSE:HZO)’s share price shot up 2.7% on Friday . The stock traded as high as $19.58 and last traded at $19.55, with a volume of 56,879 shares changing hands. The stock had previously closed at $19.03.
Several brokerages recently weighed in on HZO. Zacks Investment Research lowered shares of MarineMax from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Forward View reaffirmed a “hold” rating on shares of MarineMax in a research note on Saturday, May 28th. Finally, B. Riley reaffirmed a “buy” rating and issued a $25.00 target price on shares of MarineMax in a research note on Sunday, May 1st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.40.
The company’s 50 day moving average is $17.31 and its 200 day moving average is $17.44. The stock has a market capitalization of $467.59 million and a PE ratio of 9.49.
MarineMax (NYSE:HZO) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. During the same period last year, the firm posted $0.02 earnings per share. The company had revenue of $200 million for the quarter, compared to the consensus estimate of $192.52 million. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, analysts forecast that MarineMax Inc. will post $0.79 EPS for the current fiscal year.
In related news, CEO William H. Mcgill, Jr. sold 12,504 shares of MarineMax stock in a transaction that occurred on Wednesday, April 27th. The shares were sold at an average price of $20.12, for a total transaction of $251,580.48. Following the sale, the chief executive officer now directly owns 249,190 shares of the company’s stock, valued at approximately $5,013,702.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP W Brett Mcgill sold 2,463 shares of MarineMax stock in a transaction that occurred on Wednesday, April 27th. The shares were sold at an average price of $20.12, for a total transaction of $49,555.56. Following the sale, the executive vice president now directly owns 8,540 shares in the company, valued at $171,824.80. The disclosure for this sale can be found here.
An institutional investor recently raised its position in MarineMax stock. Investment Management of Virginia LLC increased its stake in shares of MarineMax Inc. (NYSE:HZO) by 18.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,847 shares of the company’s stock after buying an additional 15,357 shares during the period. Investment Management of Virginia LLC owned about 0.41% of MarineMax worth $1,839,000 as of its most recent filing with the SEC.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.