MarineMax (NYSE:HZO) Earns Buy Rating from Raymond James

MarineMax (NYSE:HZO)‘s stock had its “buy” rating reiterated by research analysts at Raymond James in a report issued on Thursday, AnalystRatings.com reports.

A number of other research firms also recently commented on HZO. Zacks Investment Research downgraded shares of MarineMax from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 23rd. Craig Hallum upped their price target on shares of MarineMax from $16.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Northcoast Research reaffirmed a “buy” rating on shares of MarineMax in a research note on Wednesday, July 22nd. ValuEngine raised shares of MarineMax from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 22nd. Finally, TheStreet raised MarineMax from a “c+” rating to a “b-” rating in a research report on Monday, July 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $25.08.

HZO traded up $0.79 during trading on Thursday, hitting $26.46. The company’s stock had a trading volume of 481,758 shares, compared to its average volume of 329,910. The firm’s 50 day moving average price is $28.15 and its 200-day moving average price is $20.72. The stock has a market cap of $555.19 million, a PE ratio of 10.46 and a beta of 1.91. MarineMax has a twelve month low of $7.24 and a twelve month high of $34.06.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.86. The business had revenue of $498.30 million during 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%. The business’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 earnings per share. As a group, research analysts expect that MarineMax will post 2.54 EPS for the current year.

In other MarineMax news, Director Charles R. Oglesby sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $24.25, for a total value of $485,000.00. Following the completion of the transaction, the director now owns 62,176 shares in the company, valued at approximately $1,507,768. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Michael H. Mclamb sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $32.05, for a total transaction of $160,250.00. In the last three months, insiders sold 113,335 shares of company stock worth $3,191,601. Insiders own 4.80% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio increased its holdings in MarineMax by 85.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,206 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 557 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of MarineMax by 3.5% during the second quarter. Great West Life Assurance Co. Can now owns 25,985 shares of the specialty retailer’s stock worth $582,000 after buying an additional 867 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in MarineMax by 5.3% in the first quarter. Thrivent Financial for Lutherans now owns 17,981 shares of the specialty retailer’s stock valued at $187,000 after acquiring an additional 897 shares in the last quarter. Legal & General Group Plc grew its holdings in MarineMax by 2.0% during the 1st quarter. Legal & General Group Plc now owns 56,771 shares of the specialty retailer’s stock worth $591,000 after acquiring an additional 1,088 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new position in MarineMax during the 2nd quarter worth $26,000.

About MarineMax

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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Analyst Recommendations for MarineMax (NYSE:HZO)

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