MarineMax (NYSE:HZO) Stock Rating Upgraded by B. Riley

MarineMax (NYSE:HZO) was upgraded by research analysts at B. Riley to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on HZO. StockNews.com raised MarineMax from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. DA Davidson lowered their price target 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. Finally, Benchmark reiterated a “buy” rating and set a $40.00 price objective on shares of MarineMax in a research note on Friday, January 24th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, MarineMax has an average rating of “Buy” and a consensus price target of $41.50.

MarineMax Trading Down 2.5 %

NYSE:HZO opened at $28.74 on Wednesday. The firm has a 50-day simple moving average of $29.28 and a 200-day simple moving average of $30.80. MarineMax has a one year low of $22.51 and a one year high of $38.20. The firm has a market cap of $652.66 million, a P/E ratio of 12.08 and a beta of 1.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.19.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.31. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. Equities analysts anticipate that MarineMax will post 2.45 EPS for the current fiscal year.

Insider Activity at MarineMax

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HZO. Smartleaf Asset Management LLC grew its stake in MarineMax by 211.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock valued at $43,000 after acquiring an additional 1,058 shares during the period. US Bancorp DE lifted its position in MarineMax by 49.6% during the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock worth $51,000 after buying an additional 585 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of MarineMax during the 3rd quarter valued at about $67,000. KLP Kapitalforvaltning AS acquired a new position in MarineMax in the 4th quarter valued at about $113,000. Finally, Point72 Asset Management L.P. acquired a new position in MarineMax in the third quarter valued at approximately $143,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

About MarineMax

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.