MarineMax (NYSE:HZO) Hits New 12-Month Low – Here’s Why

MarineMax, Inc. (NYSE:HZO) shares reached a new 52-week low during trading on Friday . The company traded as low as $22.02 and last traded at $22.06, with a volume of 42448 shares changing hands. The stock had previously closed at $23.30.

Analyst Ratings Changes

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

MarineMax Stock Performance

The stock has a market capitalization of $500.28 million, a PE ratio of 9.26 and a beta of 1.94. 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 firm’s 50 day moving average is $26.71 and its two-hundred day moving average is $29.40.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.31. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. As a group, research analysts predict that MarineMax, Inc. will post 2.41 earnings per share for the current year.

Insiders Place Their Bets

In other MarineMax news, CAO Anthony E. Jr. Cassella sold 4,000 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $31.06, for a total value of $124,240.00. Following the completion of the transaction, the chief accounting officer now owns 11,451 shares in the company, valued at $355,668.06. This represents a 25.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 sale, the director now owns 23,560 shares in the company, valued at $721,642.80. This trade represents a 14.82 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On MarineMax

Several large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC raised its position in MarineMax by 211.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 1,058 shares during the last quarter. US Bancorp DE increased its stake in MarineMax by 49.6% in the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock valued at $51,000 after purchasing an additional 585 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of MarineMax in the third quarter valued at about $67,000. Aquatic Capital Management LLC acquired a new stake in shares of MarineMax during the fourth quarter worth about $82,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of MarineMax during the fourth quarter worth about $113,000. 92.85% of the stock is owned by institutional investors and hedge funds.

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.