MarineMax (HZO) Cut to “Sell” at ValuEngine

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ValuEngine lowered shares of MarineMax (NYSE:HZO) from a hold rating to a sell rating in a research note published on Tuesday morning.

HZO has been the subject of a number of other reports. Zacks Investment Research lowered MarineMax from a strong-buy rating to a hold rating in a report on Tuesday, April 3rd. B. Riley increased their price objective on MarineMax from $26.75 to $29.00 and gave the stock a buy rating in a report on Friday, April 27th. Finally, Craig Hallum set a $27.00 price objective on MarineMax and gave the stock a buy rating in a report on Thursday, April 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of $23.25.

Shares of MarineMax opened at $19.30 on Tuesday, Marketbeat.com reports. MarineMax has a 12-month low of $13.80 and a 12-month high of $25.05. The company has a market capitalization of $500.68 million, a P/E ratio of 19.30 and a beta of 1.11.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, April 26th. The specialty retailer reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.11. MarineMax had a return on equity of 9.61% and a net margin of 2.62%. The business had revenue of $270.61 million during the quarter, compared to analyst estimates of $256.17 million. During the same period in the prior year, the company posted $0.11 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. analysts anticipate that MarineMax will post 1.56 earnings per share for the current fiscal year.

In other MarineMax news, VP Michael H. Mclamb sold 41,378 shares of the stock in a transaction on Thursday, April 26th. The stock was sold at an average price of $21.65, for a total transaction of $895,833.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael H. Mclamb sold 25,000 shares of the stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $24.07, for a total value of $601,750.00. Following the transaction, the vice president now directly owns 99,696 shares of the company’s stock, valued at $2,399,682.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 132,354 shares of company stock valued at $3,009,610. 5.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of HZO. Landscape Capital Management L.L.C. bought a new position in MarineMax during the 4th quarter valued at $192,000. AlphaMark Advisors LLC bought a new position in MarineMax during the 1st quarter valued at $195,000. Gotham Asset Management LLC bought a new position in MarineMax during the 4th quarter valued at $236,000. MetLife Investment Advisors LLC bought a new position in MarineMax during the 4th quarter valued at $240,000. Finally, Hsbc Holdings PLC bought a new position in MarineMax during the 1st quarter valued at $241,000. 93.33% of the stock is owned by hedge funds and other institutional investors.

About MarineMax

MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; motor yachts; convertible yachts; pleasure boats; pontoon boats; fishing boats; ski boats; and jet boats.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for MarineMax (NYSE:HZO)

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