In yesterday’s Wall Street session, MarineMax Inc. (NYSE:HZO) shares traded at $28.24, down -2.49% from the previous session.
9 analysts cover MarineMax Inc. (NYSE:HZO), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $52.00 and a low of $34.00, we find $39.00. Given the previous closing price of $28.96, this indicates a potential upside of 34.67 percent. HZO stock price is now -12.99% away from the 50-day moving average and -18.35% away from the 200-day moving average. The market capitalization of the company currently stands at $627.78M.
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The stock has received a hold rating from 2 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $40.88 as their price target over the next twelve months.
With the price target reduced from $53 to $52, B. Riley Securities Upgraded its rating from Neutral to Buy for MarineMax Inc. (NYSE: HZO). On December 15, 2022, Stifel recently initiated its ‘Buy’ rating on the stock quoting a target price of $40, while ‘B. Riley Securities’ rates the stock as ‘Neutral’.
In other news, Moore Clint, Director sold 5,000 shares of the company’s stock on Mar 01. The stock was sold for $165,350 at an average price of $33.07. Upon completion of the transaction, the Director now directly owns 20,500 shares in the company, valued at $0.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 24, EVP & Chief Revenue Officer Cashman Charles A sold 10,000 shares of the business’s stock. A total of $349,200 was realized by selling the stock at an average price of $34.92. This leaves the insider owning 35,499 shares of the company worth $1.0 million. Insiders disposed of 94,996 shares of company stock worth roughly $2.68 million over the past 1 year. A total of 3.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HZO stock. A new stake in MarineMax Inc. shares was purchased by GMT CAPITAL CORP during the first quarter worth $5,863,000. SHELLBACK CAPITAL, LP invested $3,851,000 in shares of HZO during the first quarter. In the first quarter, PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. acquired a new stake in MarineMax Inc. valued at approximately $3,671,000. FEDERATED HERMES, INC. acquired a new stake in HZO for approximately $2,829,000. CLARK ESTATES INC/NY purchased a new stake in HZO valued at around $2,680,000 in the second quarter. In total, there are 305 active investors with 99.80% ownership of the company’s stock.
On Tuesday morning MarineMax Inc. (NYSE: HZO) stock kicked off with the opening price of $29.85. During the past 12 months, MarineMax Inc. has had a low of $27.40 and a high of $47.36. As of last week, the company has a debt-to-equity ratio of 0.97, a current ratio of 1.30, and a quick ratio of 0.40. The fifty day moving average price for HZO is $32.39 and a two-hundred day moving average price translates $34.53 for the stock.
The latest earnings results from MarineMax Inc. (NYSE: HZO) was released for Dec, 2022. According to the Specialty Retail Company, earnings per share came in at $1.24, missing analysts’ expectations of $1.53 by -0.29. This compares to $1.59 EPS in the same period last year. The net profit margin was 7.80% and return on equity was 24.10% for HZO. The company reported revenue of $507.93 million for the quarter, compared to $472.69 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.45 percent. For the current quarter, analysts expect HZO to generate $610.26M in revenue.
MarineMax Inc.(HZO) Company Profile
MarineMax, Inc. operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats. It also offers marine parts and accessories comprising marine electronics; dock and anchoring products that include boat fenders, lines, and anchors; boat covers; trailer parts; water sport accessories, which comprise tubes, lines, wakeboards, and skis; engine parts; oils; lubricants; steering and control systems; corrosion control products and service products; high-performance accessories, including propellers and instruments; and a line of boating accessories, such as life jackets, inflatables, and water sports equipment. In addition, the company provides novelty items, such as shirts, caps, and license plates; marine engines and equipment; maintenance, repair, and slip and storage accommodation services; and boat or yacht brokerage services, as well as charters yachts and power catamarans. Further, it offers new or used boat finance services; arranges insurance coverage, including boat property, disability, undercoating, gel sealant, fabric protection, and casualty insurance coverage; and manufactures and sells sport yachts and yachts. Additionally, the company operates vacations in Tortola and British Virgin Islands. It also markets and sells its products through offsite locations and print catalog. MarineMax, Inc. was incorporated in 1998 and is based in Clearwater, Florida.
