MarineMax, Inc. (NYSE:HZO)‘s stock had its “buy” rating restated by Citigroup Inc. in a report issued on Monday, May 15th. They presently have a $25.00 target price on the specialty retailer’s stock, down from their previous target price of $26.00. Citigroup Inc.’s target price suggests a potential upside of 37.74% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on HZO. B. Riley reissued a “buy” rating and set a $26.00 price objective on shares of MarineMax in a research report on Wednesday, January 25th. Wedbush increased their price objective on shares of MarineMax from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 25th. Finally, Zacks Investment Research upgraded shares of MarineMax from a “sell” rating to a “hold” rating and set a $23.00 target price on the stock in a report on Thursday, January 26th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. MarineMax has an average rating of “Buy” and a consensus target price of $24.33.
MarineMax (NYSE HZO) traded down 3.46% on Monday, reaching $18.15. The company had a trading volume of 315,709 shares. The stock has a market capitalization of $441.95 million, a price-to-earnings ratio of 18.20 and a beta of 1.01. MarineMax has a 12 month low of $15.10 and a 12 month high of $23.65. The firm has a 50 day moving average price of $18.78 and a 200-day moving average price of $20.35.
MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, April 27th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.06. The company had revenue of $245.02 million for the quarter, compared to the consensus estimate of $237.99 million. MarineMax had a return on equity of 7.67% and a net margin of 2.40%. MarineMax’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. Analysts forecast that MarineMax will post $1.22 earnings per share for the current fiscal year.
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Several large investors have recently bought and sold shares of HZO. Trexquant Investment LP acquired a new stake in MarineMax during the fourth quarter worth $447,000. Royce & Associates LP raised its stake in MarineMax by 40.7% in the fourth quarter. Royce & Associates LP now owns 7,600 shares of the specialty retailer’s stock valued at $147,000 after buying an additional 2,200 shares during the period. Cortina Asset Management LLC raised its stake in MarineMax by 19.2% in the fourth quarter. Cortina Asset Management LLC now owns 339,563 shares of the specialty retailer’s stock valued at $6,571,000 after buying an additional 54,597 shares during the period. State Street Corp raised its stake in MarineMax by 3.4% in the fourth quarter. State Street Corp now owns 624,799 shares of the specialty retailer’s stock valued at $12,094,000 after buying an additional 20,698 shares during the period. Finally, Comerica Bank raised its stake in MarineMax by 7.8% in the fourth quarter. Comerica Bank now owns 26,318 shares of the specialty retailer’s stock valued at $492,000 after buying an additional 1,910 shares during the period. Institutional investors own 91.29% of the company’s stock.
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.
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