BidaskClub cut shares of MarineMax, Inc. (NYSE:HZO) from a hold rating to a sell rating in a research report released on Tuesday morning.

HZO has been the topic of a number of other reports. B. Riley reaffirmed a buy rating and issued a $26.00 target price on shares of MarineMax in a research report on Friday, April 28th. Zacks Investment Research downgraded shares of MarineMax from a hold rating to a sell rating in a research report on Friday, June 30th. Finally, Citigroup Inc. reaffirmed a buy rating and issued a $25.00 target price (down from $26.00) on shares of MarineMax in a research report on Monday, May 15th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $23.33.

MarineMax (NYSE:HZO) traded up 1.73% on Tuesday, hitting $14.70. 656,218 shares of the company’s stock were exchanged. MarineMax has a 52-week low of $13.80 and a 52-week high of $23.65. The firm has a 50 day moving average price of $18.65 and a 200-day moving average price of $20.13. The stock has a market cap of $357.74 million, a P/E ratio of 14.70 and a beta of 1.04.

MarineMax (NYSE:HZO) last released its earnings results on Thursday, July 20th. The specialty retailer reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.11. The business had revenue of $329.80 million during the quarter, compared to analysts’ expectations of $383.01 million. MarineMax had a return on equity of 7.53% and a net margin of 2.45%. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 earnings per share. Analysts predict that MarineMax will post $1.05 earnings per share for the current fiscal year.

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Institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc boosted its position in MarineMax by 0.3% in the first quarter. Legal & General Group Plc now owns 40,772 shares of the specialty retailer’s stock valued at $882,000 after buying an additional 105 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in MarineMax by 2.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,880 shares of the specialty retailer’s stock valued at $192,000 after buying an additional 240 shares in the last quarter. ProVise Management Group LLC boosted its position in MarineMax by 1.2% in the first quarter. ProVise Management Group LLC now owns 21,084 shares of the specialty retailer’s stock valued at $456,000 after buying an additional 248 shares in the last quarter. Mason Street Advisors LLC boosted its position in MarineMax by 5.2% in the first quarter. Mason Street Advisors LLC now owns 5,676 shares of the specialty retailer’s stock valued at $123,000 after buying an additional 282 shares in the last quarter. Finally, ClariVest Asset Management LLC boosted its position in MarineMax by 1.2% in the first quarter. ClariVest Asset Management LLC now owns 25,100 shares of the specialty retailer’s stock valued at $544,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 90.91% 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.

Analyst Recommendations for MarineMax (NYSE:HZO)

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