MarineMax Inc (NYSE:HZO) – Research analysts at B. Riley upped their Q2 2020 EPS estimates for shares of MarineMax in a research report issued on Friday, April 26th, according to Zacks Investment Research. B. Riley analyst E. Wold now expects that the specialty retailer will post earnings per share of $0.40 for the quarter, up from their previous estimate of $0.32. B. Riley also issued estimates for MarineMax’s Q4 2020 earnings at $0.49 EPS.
A number of other equities analysts have also recently weighed in on the stock. Craig Hallum upgraded shares of MarineMax from a “hold” rating to a “buy” rating and set a $18.39 price objective for the company in a research report on Friday, February 1st. ValuEngine cut shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Northcoast Research reaffirmed a “buy” rating on shares of MarineMax in a report on Thursday, March 14th. Zacks Investment Research lowered shares of MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. Finally, TheStreet lowered shares of MarineMax from a “b-” rating to a “c+” rating in a report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $26.34.
MarineMax (NYSE:HZO) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). The business had revenue of $303.59 million for the quarter, compared to analysts’ expectations of $290.24 million. MarineMax had a net margin of 3.22% and a return on equity of 10.93%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the business posted $0.27 EPS.
Institutional investors and hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. acquired a new stake in shares of MarineMax during the third quarter worth about $105,000. Gotham Asset Management LLC lifted its position in shares of MarineMax by 20.3% during the fourth quarter. Gotham Asset Management LLC now owns 19,316 shares of the specialty retailer’s stock worth $354,000 after purchasing an additional 3,258 shares in the last quarter. Man Group plc raised its holdings in MarineMax by 245.2% in the third quarter. Man Group plc now owns 97,047 shares of the specialty retailer’s stock valued at $2,063,000 after acquiring an additional 68,930 shares in the last quarter. MetLife Investment Advisors LLC raised its holdings in MarineMax by 47.8% in the third quarter. MetLife Investment Advisors LLC now owns 18,763 shares of the specialty retailer’s stock valued at $399,000 after acquiring an additional 6,067 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in MarineMax by 7.8% in the fourth quarter. Arizona State Retirement System now owns 35,198 shares of the specialty retailer’s stock valued at $644,000 after acquiring an additional 2,541 shares in the last quarter. 91.55% of the stock is currently owned by institutional investors and hedge funds.
In other MarineMax news, CEO W Brett Mcgill sold 5,061 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $20.03, for a total value of $101,371.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.40% 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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