Insider Selling: MarineMax Inc (NYSE:HZO) Director Sells $36,751.15 in Stock

MarineMax Inc (NYSE:HZO) Director Hilliard M. Eure sold 1,223 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $30.05, for a total transaction of $36,751.15. Following the sale, the director now owns 17,723 shares of the company’s stock, valued at approximately $532,576.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

NYSE:HZO opened at $27.74 on Friday. The company has a fifty day simple moving average of $23.56 and a two-hundred day simple moving average of $17.74. The company has a market cap of $600.02 million, a price-to-earnings ratio of 10.96 and a beta of 1.85. The company has a quick ratio of 0.62, a current ratio of 1.77 and a debt-to-equity ratio of 0.08. MarineMax Inc has a 52 week low of $7.24 and a 52 week high of $30.45.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $1.58 EPS for the quarter, topping the Thomson Reuters’ 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 net margin of 3.93% and a return on equity of 14.68%. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 earnings per share. On average, analysts expect that MarineMax Inc will post 2.54 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC lifted its position in shares of MarineMax by 4.2% during the 4th quarter. Guggenheim Capital LLC now owns 16,315 shares of the specialty retailer’s stock worth $272,000 after purchasing an additional 655 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of MarineMax by 5.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 17,981 shares of the specialty retailer’s stock worth $187,000 after purchasing an additional 897 shares during the last quarter. Legal & General Group Plc lifted its position in shares of 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 purchasing an additional 1,088 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of MarineMax by 5.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 23,650 shares of the specialty retailer’s stock worth $246,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of MarineMax by 0.5% during the 4th quarter. Bank of New York Mellon Corp now owns 289,452 shares of the specialty retailer’s stock worth $4,830,000 after purchasing an additional 1,575 shares during the last quarter. 83.16% of the stock is owned by institutional investors and hedge funds.

HZO has been the subject of a number of recent analyst reports. TheStreet upgraded shares of MarineMax from a “c+” rating to a “b-” rating in a report on Monday, July 20th. ValuEngine upgraded shares of MarineMax from a “strong sell” rating to a “sell” rating in a report on Thursday, July 23rd. Zacks Investment Research upgraded shares of MarineMax from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Wednesday, June 3rd. Raymond James lifted their target price on shares of MarineMax from $23.50 to $31.50 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, SunTrust Banks lifted their target price on shares of MarineMax from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $24.30.

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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Insider Buying and Selling by Quarter for MarineMax (NYSE:HZO)

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