MarineMax (HZO) Stock Rating Reaffirmed by Ifs Securities

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MarineMax (NYSE:HZO)‘s stock had its “buy” rating reiterated by research analysts at Ifs Securities in a report issued on Tuesday. They presently have a $31.00 price target on the specialty retailer’s stock. Ifs Securities’ price objective indicates a potential upside of 36.20% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Citigroup decreased their price objective on shares of MarineMax from $28.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, August 15th. B. Riley upgraded shares of MarineMax from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $23.50 to $27.00 in a research note on Friday, July 27th. Wedbush decreased their price objective on shares of MarineMax from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, July 27th. Finally, ValuEngine upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $26.00.

HZO opened at $22.76 on Tuesday. MarineMax has a 52-week low of $16.40 and a 52-week high of $25.05. The company has a market cap of $593.68 million, a price-to-earnings ratio of 13.39 and a beta of 1.30.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Tuesday, October 30th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.22. MarineMax had a net margin of 3.34% and a return on equity of 11.97%. The company had revenue of $308.59 million during the quarter, compared to the consensus estimate of $273.60 million. During the same period in the previous year, the firm earned $0.22 earnings per share. MarineMax’s revenue for the quarter was up 23.1% on a year-over-year basis. As a group, sell-side analysts predict that MarineMax will post 1.9 EPS for the current year.

In other news, Director Joseph Allen Watters sold 2,500 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $21.17, for a total transaction of $52,925.00. Following the transaction, the director now directly owns 62,413 shares of the company’s stock, valued at $1,321,283.21. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its position in shares of MarineMax by 3.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 111,118 shares of the specialty retailer’s stock worth $2,162,000 after purchasing an additional 3,188 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of MarineMax by 12.3% during the second quarter. Janney Montgomery Scott LLC now owns 33,984 shares of the specialty retailer’s stock worth $644,000 after purchasing an additional 3,722 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of MarineMax by 13.5% during the second quarter. California Public Employees Retirement System now owns 45,286 shares of the specialty retailer’s stock worth $858,000 after purchasing an additional 5,386 shares in the last quarter. Swiss National Bank lifted its position in shares of MarineMax by 13.9% during the second quarter. Swiss National Bank now owns 48,400 shares of the specialty retailer’s stock worth $917,000 after purchasing an additional 5,900 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in shares of MarineMax during the second quarter worth $190,000. 89.20% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Company Profile

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.

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Analyst Recommendations for MarineMax (NYSE:HZO)

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