MarineMax Inc (NYSE:HZO) – Equities research analysts at SunTrust Banks raised their Q2 2020 earnings per share (EPS) estimates for MarineMax in a research note issued to investors on Tuesday, January 21st. SunTrust Banks analyst M. Swartz now expects that the specialty retailer will post earnings of $0.21 per share for the quarter, up from their previous forecast of $0.13.
HZO has been the subject of several other reports. ValuEngine raised shares of MarineMax from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Wednesday, January 1st. Finally, Longbow Research cut shares of MarineMax from a “buy” rating to a “neutral” rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $20.08.
MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.34. MarineMax had a net margin of 2.91% and a return on equity of 10.24%. The firm had revenue of $304.20 million for the quarter, compared to the consensus estimate of $260.33 million. During the same period in the prior year, the firm posted $0.21 earnings per share. The company’s revenue for the quarter was up 25.8% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of MarineMax by 3.4% in the second quarter. BlackRock Inc. now owns 3,852,553 shares of the specialty retailer’s stock worth $63,336,000 after buying an additional 125,383 shares during the period. Granahan Investment Management Inc. MA boosted its position in MarineMax by 8.3% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 585,887 shares of the specialty retailer’s stock worth $9,070,000 after acquiring an additional 44,809 shares during the period. Invesco Ltd. grew its stake in shares of MarineMax by 34.4% in the second quarter. Invesco Ltd. now owns 274,206 shares of the specialty retailer’s stock worth $4,508,000 after purchasing an additional 70,203 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of MarineMax by 15.1% in the second quarter. Victory Capital Management Inc. now owns 136,248 shares of the specialty retailer’s stock worth $2,240,000 after purchasing an additional 17,895 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of MarineMax by 0.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 130,170 shares of the specialty retailer’s stock valued at $2,140,000 after purchasing an additional 1,193 shares during the period. Institutional investors and hedge funds own 83.16% of the company’s stock.
In related news, Director Joseph Allen Watters sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $16.12, for a total transaction of $161,200.00. Company insiders own 4.40% of the company’s stock.
MarineMax Company Profile
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.
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