MarineMax Inc (NYSE:HZO) – SunTrust Banks reduced their Q2 2019 EPS estimates for MarineMax in a note issued to investors on Wednesday, January 23rd, Zacks Investment Research reports. SunTrust Banks analyst M. Swartz now anticipates that the specialty retailer will post earnings of $0.29 per share for the quarter, down from their previous estimate of $0.32. SunTrust Banks also issued estimates for MarineMax’s Q3 2019 earnings at $1.01 EPS.
A number of other analysts also recently commented on the stock. Wedbush increased their price objective on shares of MarineMax from $21.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, October 31st. ValuEngine downgraded shares of MarineMax from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Raymond James increased their price objective on shares of MarineMax from $24.00 to $28.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 31st. B. Riley increased their price objective on shares of MarineMax to $30.00 and gave the company a “buy” rating in a report on Wednesday, October 31st. Finally, TheStreet downgraded shares of MarineMax from a “b” rating to a “c+” rating in a report on Wednesday, December 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.34.
HZO stock traded up $1.02 during mid-day trading on Friday, reaching $19.61. The company’s stock had a trading volume of 445,196 shares, compared to its average volume of 419,975. The company has a market cap of $495.86 million, a price-to-earnings ratio of 11.54 and a beta of 0.84. MarineMax has a fifty-two week low of $16.40 and a fifty-two week high of $26.11.
MarineMax (NYSE:HZO) last released its quarterly earnings results on Wednesday, January 23rd. The specialty retailer reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.07. The firm had revenue of $241.90 million during the quarter, compared to the consensus estimate of $252.03 million. MarineMax had a net margin of 3.38% and a return on equity of 11.47%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 EPS.
Several institutional investors have recently bought and sold shares of HZO. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of MarineMax by 118.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,534 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 831 shares during the period. Quantamental Technologies LLC purchased a new position in shares of MarineMax during the 4th quarter worth approximately $84,000. Pacer Advisors Inc. purchased a new position in shares of MarineMax during the 3rd quarter worth approximately $105,000. SG Americas Securities LLC purchased a new position in shares of MarineMax during the 3rd quarter worth approximately $128,000. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of MarineMax by 355.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,773 shares of the specialty retailer’s stock worth $142,000 after purchasing an additional 6,067 shares during the period. 92.52% of the stock is owned by institutional investors and hedge funds.
In other news, Director Joseph Allen Watters sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $22.08, for a total value of $220,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.40% 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.