Brokerages Set MarineMax Inc (NYSE:HZO) Price Target at $21.00

Shares of MarineMax Inc (NYSE:HZO) have received a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $21.00.

A number of research firms have recently issued reports on HZO. Citigroup lowered their price objective on MarineMax from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Raymond James cut MarineMax from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 22nd. B. Riley set a $23.00 price objective on MarineMax and gave the company a “buy” rating in a research report on Wednesday, August 21st. ValuEngine upgraded MarineMax from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research cut MarineMax from a “buy” rating to a “hold” rating in a research report on Friday, November 1st.

Shares of HZO traded down $0.41 on Thursday, reaching $16.54. 151,234 shares of the stock traded hands, compared to its average volume of 294,971. The firm has a market cap of $451.82 million, a price-to-earnings ratio of 10.15 and a beta of 0.87. MarineMax has a 12 month low of $13.73 and a 12 month high of $25.00. The stock’s 50-day moving average price is $15.91 and its 200-day moving average price is $15.92.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Tuesday, October 29th. The specialty retailer reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $308.10 million for the quarter, compared to analysts’ expectations of $309.60 million. MarineMax had a return on equity of 10.24% and a net margin of 2.91%. MarineMax’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 earnings per share. As a group, equities research analysts anticipate that MarineMax will post 1.65 earnings per share for the current year.

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A number of large investors have recently made changes to their positions in the business. State of Tennessee Treasury Department grew its holdings in shares of MarineMax by 8.5% during the third quarter. State of Tennessee Treasury Department now owns 9,804 shares of the specialty retailer’s stock worth $152,000 after buying an additional 771 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in MarineMax by 10.3% in the second quarter. Cubist Systematic Strategies LLC now owns 12,227 shares of the specialty retailer’s stock valued at $201,000 after purchasing an additional 1,144 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in MarineMax by 0.9% in 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 in the last quarter. Bank of Montreal Can grew its stake in MarineMax by 229.9% in the second quarter. Bank of Montreal Can now owns 2,669 shares of the specialty retailer’s stock valued at $44,000 after purchasing an additional 1,860 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in MarineMax by 1.1% in the second quarter. Allianz Asset Management GmbH now owns 185,390 shares of the specialty retailer’s stock valued at $3,047,000 after purchasing an additional 1,978 shares in the last quarter. Hedge funds and other institutional investors own 83.63% 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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Analyst Recommendations for MarineMax (NYSE:HZO)

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