MarineMax (HZO) Rating Reiterated by Ifs Securities

Ifs Securities reiterated their buy rating on shares of MarineMax (NYSE:HZO) in a research report report published on Tuesday morning. They currently have a $31.00 target price on the specialty retailer’s stock.

A number of other research firms have also recently weighed in on HZO. Zacks Investment Research upgraded shares of MarineMax from a sell rating to a hold rating in a research note on Wednesday, September 26th. ValuEngine upgraded shares of MarineMax from a sell rating to a hold rating in a research note on Thursday, July 19th. Citigroup dropped their target price on shares of MarineMax from $28.00 to $23.00 and set a buy rating on the stock in a research note on Wednesday, August 15th. B. Riley upgraded shares of MarineMax from a neutral rating to a buy rating and boosted their target price for the company from $23.50 to $27.00 in a research note on Friday, July 27th. Finally, Wedbush dropped their target price on shares of MarineMax from $24.00 to $21.00 and set a neutral rating on the stock in a research note on Friday, July 27th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of $24.71.

HZO opened at $22.00 on Tuesday. The stock has a market capitalization of $509.21 million, a price-to-earnings ratio of 22.00 and a beta of 1.30. MarineMax has a twelve month low of $16.40 and a twelve month high of $25.05.

MarineMax (NYSE:HZO) last released its earnings results on Tuesday, October 30th. The specialty retailer reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.27. The firm had revenue of $308.59 million for the quarter, compared to analysts’ expectations of $273.60 million. MarineMax had a net margin of 2.83% and a return on equity of 10.83%. The company’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 earnings per share. As a group, equities research analysts anticipate that MarineMax will post 1.51 EPS for the current year.

In other MarineMax news, Director Joseph Allen Watters sold 2,500 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $21.17, for a total value of $52,925.00. Following the transaction, the director now directly owns 62,413 shares in the company, valued at $1,321,283.21. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.40% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in the stock. Louisiana State Employees Retirement System purchased a new stake in MarineMax in the 2nd quarter worth approximately $190,000. Trexquant Investment LP purchased a new stake in MarineMax in the 2nd quarter worth approximately $202,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in MarineMax in the 2nd quarter worth approximately $285,000. Engineers Gate Manager LP purchased a new stake in MarineMax in the 2nd quarter worth approximately $306,000. Finally, AlphaMark Advisors LLC lifted its stake in MarineMax by 100.0% in the 2nd quarter. AlphaMark Advisors LLC now owns 20,000 shares of the specialty retailer’s stock worth $379,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors own 89.20% of the company’s stock.

About MarineMax

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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