MarineMax (NYSE:HZO) Given New $13.50 Price Target at B. Riley

MarineMax (NYSE:HZO) had its target price cut by B. Riley from $26.50 to $13.50 in a report published on Monday, BenzingaRatingsTable reports. They currently have a buy rating on the specialty retailer’s stock. B. Riley also issued estimates for MarineMax’s Q3 2020 earnings at $0.64 EPS, Q4 2020 earnings at $0.21 EPS, FY2020 earnings at $1.51 EPS, Q1 2021 earnings at $0.09 EPS, Q2 2021 earnings at $0.12 EPS, Q3 2021 earnings at $0.61 EPS, Q4 2021 earnings at $0.22 EPS and FY2021 earnings at $1.05 EPS.

A number of other equities research analysts also recently issued reports on HZO. ValuEngine raised MarineMax from a sell rating to a hold rating in a research report on Friday, February 28th. TheStreet raised MarineMax from a c+ rating to a b rating in a research report on Thursday, January 23rd. Zacks Investment Research upgraded MarineMax from a hold rating to a strong-buy rating and set a $25.00 price objective on the stock in a research note on Tuesday, January 28th. Raymond James upgraded MarineMax from a market perform rating to an outperform rating and set a $23.00 price objective on the stock in a research note on Tuesday, February 18th. Finally, SunTrust Banks restated a buy rating and set a $26.00 price objective on shares of MarineMax in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. MarineMax has a consensus rating of Buy and an average price target of $21.08.

HZO stock traded up $0.63 during trading on Monday, reaching $10.11. 238,501 shares of the stock traded hands, compared to its average volume of 283,595. The business’s 50 day moving average price is $15.83 and its 200-day moving average price is $16.40. MarineMax has a 52-week low of $7.24 and a 52-week high of $23.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.39 and a quick ratio of 0.20. The firm has a market capitalization of $209.70 million, a PE ratio of 5.65 and a beta of 1.16.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.34. MarineMax had a return on equity of 11.22% and a net margin of 3.09%. The firm had revenue of $304.20 million during the quarter, compared to the consensus estimate of $260.33 million. During the same quarter in the previous year, the business earned $0.21 earnings per share. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. On average, equities research analysts predict that MarineMax will post 1.91 earnings per share for the current year.

In related news, EVP Charles A. Cashman sold 2,500 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $20.32, for a total value of $50,800.00. Following the transaction, the executive vice president now owns 46,424 shares in the company, valued at $943,335.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO W Brett Mcgill sold 5,000 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $21.64, for a total value of $108,200.00. Following the completion of the transaction, the chief executive officer now owns 51,308 shares in the company, valued at approximately $1,110,305.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,156 shares of company stock worth $216,768. 4.40% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC lifted its stake in shares of MarineMax by 4.2% in the fourth quarter. Guggenheim Capital LLC now owns 16,315 shares of the specialty retailer’s stock worth $272,000 after acquiring an additional 655 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of MarineMax by 30.7% in the fourth quarter. Bank of Montreal Can now owns 3,466 shares of the specialty retailer’s stock worth $57,000 after acquiring an additional 814 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of MarineMax by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 130,820 shares of the specialty retailer’s stock worth $2,184,000 after acquiring an additional 1,532 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of MarineMax by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 289,452 shares of the specialty retailer’s stock worth $4,830,000 after acquiring an additional 1,575 shares in the last quarter. Finally, Credit Suisse AG lifted its stake in shares of MarineMax by 5.3% in the fourth quarter. Credit Suisse AG now owns 32,575 shares of the specialty retailer’s stock worth $543,000 after acquiring an additional 1,641 shares in the last quarter. Institutional investors and hedge funds own 83.16% 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.

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Analyst Recommendations for MarineMax (NYSE:HZO)

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