MarineMax Inc (NYSE:HZO) – Analysts at Wedbush dropped their FY2019 earnings per share (EPS) estimates for MarineMax in a research note issued to investors on Friday, July 26th, Zacks Investment Research reports. Wedbush analyst J. Hardiman now expects that the specialty retailer will earn $1.70 per share for the year, down from their prior forecast of $1.73. Wedbush also issued estimates for MarineMax’s Q4 2019 earnings at $0.42 EPS and FY2020 earnings at $1.76 EPS.
Other equities research analysts have also recently issued reports about the company. Northcoast Research reaffirmed a “buy” rating on shares of MarineMax in a research note on Friday, April 26th. Longbow Research lowered their target price on MarineMax from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. ValuEngine downgraded MarineMax from a “sell” rating to a “strong sell” rating in a research note on Monday, July 22nd. Citigroup reduced their price target on MarineMax from $20.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, Craig Hallum cut MarineMax from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. MarineMax presently has a consensus rating of “Hold” and an average price target of $23.42.
HZO stock traded up $0.19 during midday trading on Monday, hitting $14.37. The stock had a trading volume of 185,000 shares, compared to its average volume of 323,114. The firm has a market cap of $391.79 million, a price-to-earnings ratio of 8.45 and a beta of 0.88. The business has a 50-day moving average of $15.66 and a two-hundred day moving average of $17.32. MarineMax has a 52-week low of $13.73 and a 52-week high of $26.11.
MarineMax (NYSE:HZO) last released its earnings results on Thursday, July 25th. The specialty retailer reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.07. The company had revenue of $383.50 million for the quarter, compared to analysts’ expectations of $391.48 million. MarineMax had a return on equity of 10.94% and a net margin of 3.30%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 EPS.
In related news, Director Dean S. Woodman sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $14.76, for a total value of $147,600.00. Following the completion of the transaction, the director now owns 30,100 shares of the company’s stock, valued at approximately $444,276. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HZO. Cutler Group LP bought a new stake in MarineMax during the first quarter worth $30,000. Manchester Capital Management LLC acquired a new stake in shares of MarineMax during the 1st quarter worth approximately $40,000. Bank of Montreal Can grew its position in shares of MarineMax by 229.9% during the 2nd quarter. Bank of Montreal Can now owns 2,669 shares of the specialty retailer’s stock worth $44,000 after buying an additional 1,860 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of MarineMax by 753.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,246 shares of the specialty retailer’s stock worth $101,000 after buying an additional 4,631 shares during the period. Finally, Metropolitan Life Insurance Co. NY grew 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 buying an additional 6,067 shares during the period. 89.95% of the stock is owned by institutional investors.
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.