MarineMax (NYSE:HZO) Stock Price Down 5.8% – What’s Next?

MarineMax, Inc. (NYSE:HZO) shares fell 5.8% during mid-day trading on Tuesday . The stock traded as low as $22.86 and last traded at $23.05. 223,274 shares were traded during trading, a decline of 17% from the average session volume of 268,160 shares. The stock had previously closed at $24.48.

Wall Street Analyst Weigh In

HZO has been the topic of a number of recent analyst reports. B. Riley upgraded MarineMax to a “strong-buy” rating in a research report on Wednesday, February 12th. DA Davidson decreased their target price on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. StockNews.com raised shares of MarineMax from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Finally, Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of MarineMax in a research note on Friday, January 24th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, MarineMax presently has an average rating of “Buy” and a consensus target price of $41.50.

MarineMax Price Performance

The business’s fifty day moving average price is $28.37 and its 200 day moving average price is $30.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.24. The stock has a market cap of $528.39 million, a P/E ratio of 9.78 and a beta of 1.91.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.31. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. Sell-side analysts forecast that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

Insider Activity at MarineMax

In related news, Director Clint Moore sold 4,100 shares of MarineMax stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $30.63, for a total transaction of $125,583.00. Following the sale, the director now directly owns 23,560 shares in the company, valued at $721,642.80. This trade represents a 14.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of MarineMax stock in a transaction on Monday, January 27th. The stock was sold at an average price of $31.06, for a total transaction of $124,240.00. Following the transaction, the chief accounting officer now owns 11,451 shares in the company, valued at approximately $355,668.06. This trade represents a 25.89 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MarineMax

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its stake in shares of MarineMax by 134.3% in the third quarter. Victory Capital Management Inc. now owns 129,416 shares of the specialty retailer’s stock worth $4,565,000 after acquiring an additional 74,173 shares during the period. Algert Global LLC acquired a new stake in MarineMax during the 3rd quarter worth about $4,949,000. Intech Investment Management LLC bought a new stake in MarineMax in the third quarter worth approximately $912,000. Royce & Associates LP increased its stake in shares of MarineMax by 45.2% in the 3rd quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer’s stock valued at $13,008,000 after acquiring an additional 114,880 shares in the last quarter. Finally, Oliver Luxxe Assets LLC bought a new stake in MarineMax in the fourth quarter valued at $1,316,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Company Profile

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.