MarineMax (NYSE:HZO) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of MarineMax (NYSE:HZO – Get Rating) in a report published on Thursday morning. The firm issued a hold rating on the specialty retailer’s stock.

Other equities research analysts have also recently issued research reports about the company. Raymond James lowered their price target on MarineMax from $55.00 to $40.00 and set an outperform rating on the stock in a report on Friday, January 27th. Stifel Nicolaus assumed coverage on MarineMax in a research note on Wednesday, December 14th. They issued a buy rating and a $40.00 target price on the stock. DA Davidson reduced their target price on MarineMax from $44.00 to $42.00 and set a buy rating on the stock in a research note on Monday, January 30th. B. Riley raised MarineMax from a neutral rating to a buy rating and reduced their target price for the company from $53.00 to $52.00 in a research note on Tuesday, February 21st. Finally, Citigroup reduced their target price on MarineMax from $39.00 to $35.00 and set a neutral rating on the stock in a research note on Friday, January 27th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $42.33.

MarineMax Stock Performance

HZO opened at $26.79 on Thursday. The stock has a market cap of $585.36 million, a P/E ratio of 3.28 and a beta of 1.48. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.35 and a quick ratio of 0.41. The stock’s 50 day simple moving average is $32.26 and its 200 day simple moving average is $31.86. MarineMax has a 1-year low of $26.78 and a 1-year high of $47.36.

MarineMax (NYSE:HZO – Get Rating) last released its quarterly earnings results on Thursday, January 26th. The specialty retailer reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.27). The firm had revenue of $507.90 million during the quarter, compared to analyst estimates of $509.59 million. MarineMax had a return on equity of 25.61% and a net margin of 7.76%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 EPS. As a group, equities analysts anticipate that MarineMax will post 6.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other MarineMax news, CAO Anthony E. Jr. Cassella sold 5,000 shares of the stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $31.02, for a total transaction of $155,100.00. Following the transaction, the chief accounting officer now owns 8,060 shares of the company’s stock, valued at approximately $250,021.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CAO Anthony E. Jr. Cassella sold 5,000 shares of the stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $31.02, for a total value of $155,100.00. Following the transaction, the chief accounting officer now directly owns 8,060 shares of the company’s stock, valued at approximately $250,021.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles A. Cashman sold 10,000 shares of the stock in a transaction on Friday, February 24th. The stock was sold at an average price of $34.92, for a total value of $349,200.00. Following the completion of the transaction, the executive vice president now directly owns 35,499 shares in the company, valued at $1,239,625.08. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HZO. US Bancorp DE raised its position in shares of MarineMax by 149.0% in the 1st quarter. US Bancorp DE now owns 757 shares of the specialty retailer’s stock worth $30,000 after buying an additional 453 shares during the period. Amundi purchased a new position in shares of MarineMax in the 4th quarter worth $46,000. Rockefeller Capital Management L.P. raised its position in shares of MarineMax by 3,333.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 2,781 shares of the specialty retailer’s stock worth $82,000 after buying an additional 2,700 shares during the period. Captrust Financial Advisors raised its position in shares of MarineMax by 9.6% in the 2nd quarter. Captrust Financial Advisors now owns 2,911 shares of the specialty retailer’s stock worth $105,000 after buying an additional 255 shares during the period. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of MarineMax in the 3rd quarter worth $110,000. 95.93% of the stock is owned by hedge funds and other institutional investors.

About MarineMax

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MarineMax, Inc engages in the provision of boating-related activities. The firm sells used and new sport boats, sport cruisers, sport yachts and fishing boats through retail stores. It also provides maintenance, repair, slip and storage services. The company was founded in January 1998 and is headquartered in Clearwater, FL.