MarineMax Inc (NYSE:HZO) Director Sells $148,800.00 in Stock

MarineMax Inc (NYSE:HZO) Director Evelyn V. Follit sold 5,000 shares of MarineMax stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $29.76, for a total transaction of $148,800.00. Following the transaction, the director now directly owns 26,390 shares in the company, valued at $785,366.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE HZO opened at $27.74 on Friday. The company has a market capitalization of $600.02 million, a PE ratio of 10.96 and a beta of 1.85. The company has a fifty day moving average of $23.56 and a 200 day moving average of $17.74. MarineMax Inc has a 1 year low of $7.24 and a 1 year high of $30.45. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.77 and a quick ratio of 0.62.

MarineMax (NYSE:HZO) last posted its earnings results on Thursday, July 23rd. The specialty retailer reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.86. The company 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 firm’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 earnings per share. Research analysts expect that MarineMax Inc will post 2.54 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Credit Suisse AG grew its stake in MarineMax by 5.3% during the 4th quarter. Credit Suisse AG now owns 32,575 shares of the specialty retailer’s stock valued at $543,000 after acquiring an additional 1,641 shares in the last quarter. Renaissance Technologies LLC acquired a new position in MarineMax in the 4th quarter valued at about $751,000. UBS Group AG boosted its holdings in MarineMax by 4,285.4% in the 4th quarter. UBS Group AG now owns 23,111 shares of the specialty retailer’s stock valued at $386,000 after purchasing an additional 22,584 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in MarineMax by 4.2% in the 4th quarter. Guggenheim Capital LLC now owns 16,315 shares of the specialty retailer’s stock valued at $272,000 after purchasing an additional 655 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in MarineMax by 219.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 168,584 shares of the specialty retailer’s stock valued at $2,813,000 after purchasing an additional 115,815 shares during the last quarter. 83.16% of the stock is owned by institutional investors.

Several research firms have issued reports on HZO. Raymond James lifted their price target on shares of MarineMax from $23.50 to $31.50 and gave the stock an “outperform” rating in a report on Friday, July 24th. Craig Hallum lifted their price target on shares of MarineMax from $16.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, June 29th. SunTrust Banks lifted their price target on shares of MarineMax from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Northcoast Research reiterated a “buy” rating on shares of MarineMax in a research note on Wednesday, July 22nd. Finally, ValuEngine upgraded shares of MarineMax from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. MarineMax presently has a consensus rating of “Buy” and a consensus target price 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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