MarineMax Inc (NYSE:HZO) CEO W Brett Mcgill sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $28.57, for a total value of $142,850.00. Following the transaction, the chief executive officer now directly owns 46,308 shares of the company’s stock, valued at approximately $1,323,019.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
NYSE HZO opened at $27.74 on Friday. The company has a market capitalization of $600.02 million, a PE ratio of 10.96 and a beta of 1.85. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.62 and a current ratio of 1.77. The business’s fifty day moving average is $23.56 and its 200 day moving average is $17.74. MarineMax Inc has a fifty-two week low of $7.24 and a fifty-two week high of $30.45.
MarineMax (NYSE:HZO) last released its earnings results on Thursday, July 23rd. The specialty retailer reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.86. The company had revenue of $498.30 million for the quarter, compared to the consensus estimate of $414.69 million. MarineMax had a return on equity of 14.68% and a net margin of 3.93%. MarineMax’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 earnings per share. On average, sell-side analysts forecast that MarineMax Inc will post 2.54 EPS for the current year.
A number of research firms recently weighed in on HZO. Raymond James raised their price objective on MarineMax from $23.50 to $31.50 and gave the company an “outperform” rating in a research report on Friday, July 24th. Craig Hallum raised their price target on MarineMax from $16.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. SunTrust Banks raised their price target on MarineMax from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. TheStreet upgraded MarineMax from a “c+” rating to a “b-” rating in a research note on Monday, July 20th. Finally, B. Riley restated a “buy” rating and issued a $28.00 price target on shares of MarineMax in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. MarineMax presently has an average rating of “Buy” and an average target price of $24.30.
A number of large investors have recently bought and sold shares of HZO. FDx Advisors Inc. bought a new stake in MarineMax during the first quarter valued at about $34,000. First Quadrant L P CA bought a new stake in MarineMax during the first quarter valued at about $57,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in MarineMax during the first quarter valued at about $112,000. Cornerstone Investment Partners LLC bought a new stake in MarineMax during the first quarter valued at about $137,000. Finally, Aigen Investment Management LP raised its holdings in MarineMax by 719.4% during the first quarter. Aigen Investment Management LP now owns 14,635 shares of the specialty retailer’s stock valued at $153,000 after acquiring an additional 12,849 shares during the period. 83.16% of the stock is currently owned by institutional investors and hedge funds.
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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