MarineMax (NYSE:HZO) Reaches New 1-Year Low – Should You Sell?

MarineMax, Inc. (NYSE:HZO)’s share price hit a new 52-week low on Friday . The company traded as low as $22.37 and last traded at $22.09, with a volume of 181571 shares changing hands. The stock had previously closed at $22.76.

Analyst Upgrades and Downgrades

HZO has been the topic of several research reports. StockNews.com raised MarineMax from a “sell” rating to a “hold” rating in a report on Friday, January 24th. B. Riley raised MarineMax to a “strong-buy” rating in a research note on Wednesday, February 12th. DA Davidson lowered their target price on MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, Benchmark restated a “buy” rating and issued a $40.00 price target on shares of MarineMax in a research report on Friday, January 24th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $41.50.

MarineMax Stock Down 0.0 %

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.19. The company’s fifty day moving average price is $27.61 and its 200-day moving average price is $30.02. The stock has a market cap of $516.79 million, a P/E ratio of 9.56 and a beta of 1.94.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.31. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. Equities analysts forecast that MarineMax, Inc. will post 2.41 EPS for the current year.

Insiders Place Their Bets

In related news, Director Clint Moore sold 4,100 shares of MarineMax stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $30.63, for a total value of $125,583.00. Following the completion of the sale, the director now directly owns 23,560 shares in the company, valued at $721,642.80. The trade was a 14.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $31.06, for a total transaction of $124,240.00. Following the transaction, the chief accounting officer now owns 11,451 shares in the company, valued at approximately $355,668.06. The trade was a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On MarineMax

A number of large investors have recently bought and sold shares of HZO. Smartleaf Asset Management LLC boosted its position in MarineMax by 211.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock valued at $43,000 after acquiring an additional 1,058 shares in the last quarter. US Bancorp DE grew its position in shares of MarineMax by 49.6% in the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock worth $51,000 after buying an additional 585 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in MarineMax in the third quarter valued at approximately $67,000. Aquatic Capital Management LLC purchased a new position in MarineMax in the fourth quarter worth $82,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of MarineMax in the 4th quarter worth $113,000. Institutional investors own 92.85% of the company’s stock.

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.