MarineMax (NYSE:HZO) Stock Price Up 5.2%

MarineMax, Inc. (NYSE:HZO)’s share price traded up 5.2% during trading on Tuesday . The company traded as high as $31.77 and last traded at $31.77. 71,726 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 302,726 shares. The stock had previously closed at $30.20.

Wall Street Analyst Weigh In

HZO has been the topic of several research analyst reports. DA Davidson restated a “buy” rating and set a $34.00 target price on shares of MarineMax in a report on Friday, March 15th. StockNews.com downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a research note on Saturday, January 27th. Finally, Truist Financial increased their price target on shares of MarineMax from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

MarineMax Trading Up 2.6 %

The business’s 50-day simple moving average is $31.27 and its 200-day simple moving average is $31.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.35 and a current ratio of 1.28. The company has a market capitalization of $741.48 million, a price-to-earnings ratio of 8.23 and a beta of 1.69.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, January 25th. The specialty retailer reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). The business had revenue of $527.30 million during the quarter, compared to the consensus estimate of $524.76 million. MarineMax had a net margin of 3.75% and a return on equity of 10.44%. MarineMax’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.24 earnings per share. On average, research analysts expect that MarineMax, Inc. will post 3.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Clint Moore sold 4,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $31.12, for a total value of $124,480.00. Following the completion of the sale, the director now directly owns 20,544 shares of the company’s stock, valued at approximately $639,329.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other MarineMax news, EVP Charles A. Cashman sold 7,500 shares of MarineMax stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $29.76, for a total value of $223,200.00. Following the transaction, the executive vice president now owns 63,981 shares of the company’s stock, valued at $1,904,074.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Clint Moore sold 4,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $31.12, for a total transaction of $124,480.00. Following the sale, the director now directly owns 20,544 shares of the company’s stock, valued at approximately $639,329.28. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.

Institutional Investors Weigh In On MarineMax

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of MarineMax by 0.4% in the 1st quarter. BlackRock Inc. now owns 4,159,070 shares of the specialty retailer’s stock valued at $167,445,000 after purchasing an additional 16,515 shares during the period. Vanguard Group Inc. lifted its stake in MarineMax by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,789,622 shares of the specialty retailer’s stock valued at $53,313,000 after acquiring an additional 34,189 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in MarineMax by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,612,168 shares of the specialty retailer’s stock worth $64,909,000 after acquiring an additional 6,278 shares during the last quarter. State Street Corp grew its stake in shares of MarineMax by 9.3% during the 1st quarter. State Street Corp now owns 992,088 shares of the specialty retailer’s stock worth $28,523,000 after acquiring an additional 84,663 shares in the last quarter. Finally, Levin Capital Strategies L.P. raised its holdings in shares of MarineMax by 19.1% in the third quarter. Levin Capital Strategies L.P. now owns 708,439 shares of the specialty retailer’s stock valued at $23,251,000 after purchasing an additional 113,850 shares during the last quarter. 92.85% of the stock is owned by institutional investors.

About MarineMax

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.