ValuEngine Upgrades MarineMax (HZO) to “Buy”

MarineMax (NYSE:HZO) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Several other equities research analysts have also recently weighed in on HZO. Craig Hallum set a $22.00 target price on MarineMax and gave the stock a “hold” rating in a research note on Tuesday. Ifs Securities restated a “buy” rating and set a $31.00 target price on shares of MarineMax in a research note on Tuesday. Zacks Investment Research upgraded MarineMax from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Thursday, October 18th. Wedbush cut their price target on MarineMax from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, July 27th. Finally, B. Riley raised MarineMax from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $23.50 to $27.00 in a research report on Friday, July 27th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $24.71.

HZO stock opened at $22.00 on Wednesday. The company has a market cap of $509.21 million, a P/E ratio of 22.00 and a beta of 1.30. MarineMax has a fifty-two week low of $16.40 and a fifty-two week high of $25.05.



MarineMax (NYSE:HZO) last posted its earnings results on Tuesday, October 30th. The specialty retailer reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.22. The firm had revenue of $308.59 million during the quarter, compared to analysts’ expectations of $273.60 million. MarineMax had a return on equity of 10.83% and a net margin of 2.83%. The firm’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 earnings per share. As a group, analysts forecast that MarineMax will post 1.51 EPS for the current year.

In other MarineMax news, Director Joseph Allen Watters sold 2,500 shares of MarineMax stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $21.17, for a total transaction of $52,925.00. Following the transaction, the director now owns 62,413 shares of the company’s stock, valued at $1,321,283.21. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 4.40% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. increased its holdings in shares of MarineMax by 3.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 111,118 shares of the specialty retailer’s stock valued at $2,162,000 after purchasing an additional 3,188 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of MarineMax by 12.3% in the second quarter. Janney Montgomery Scott LLC now owns 33,984 shares of the specialty retailer’s stock valued at $644,000 after purchasing an additional 3,722 shares during the period. California Public Employees Retirement System increased its holdings in shares of MarineMax by 13.5% in the second quarter. California Public Employees Retirement System now owns 45,286 shares of the specialty retailer’s stock valued at $858,000 after purchasing an additional 5,386 shares during the period. Swiss National Bank increased its holdings in shares of MarineMax by 13.9% in the second quarter. Swiss National Bank now owns 48,400 shares of the specialty retailer’s stock valued at $917,000 after purchasing an additional 5,900 shares during the period. Finally, AlphaMark Advisors LLC increased its holdings in shares of MarineMax by 100.0% in the second quarter. AlphaMark Advisors LLC now owns 20,000 shares of the specialty retailer’s stock valued at $379,000 after purchasing an additional 10,000 shares during the period. 89.20% of the stock is currently owned by institutional investors.

MarineMax Company Profile

MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; motor yachts; convertible yachts; pleasure boats; pontoon boats; fishing boats; ski boats; and jet boats.

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Analyst Recommendations for MarineMax (NYSE:HZO)

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