MarineMax (NYSE:HZO) Upgraded to “Strong-Buy” at B. Riley

B. Riley upgraded shares of MarineMax (NYSE:HZO) to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other analysts also recently issued reports about the stock. StockNews.com upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a report on Friday, January 24th. DA Davidson decreased their target price on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Finally, Benchmark reaffirmed a “buy” rating and set a $40.00 price objective on shares of MarineMax in a research report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $41.50.

MarineMax Trading Down 2.5 %

Shares of NYSE HZO opened at $28.74 on Wednesday. MarineMax has a 12-month low of $22.51 and a 12-month high of $38.20. The company has a market cap of $652.66 million, a price-to-earnings ratio of 12.08 and a beta of 1.91. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35. The stock’s 50 day simple moving average is $29.28 and its 200 day simple moving average is $30.80.

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

Insider Activity

In other MarineMax news, CAO Anthony E. Jr. Cassella sold 4,000 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $31.06, for a total value of $124,240.00. Following the sale, the chief accounting officer now directly owns 11,451 shares in the company, valued at $355,668.06. This trade represents a 25.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Clint Moore sold 4,100 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $30.63, for a total value of $125,583.00. Following the transaction, the director now owns 23,560 shares in the company, valued at $721,642.80. This represents 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 company insiders.

Hedge Funds Weigh In On MarineMax

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jump Financial LLC bought a new stake in MarineMax in the fourth quarter valued at $307,000. CenterBook Partners LP increased its position in MarineMax by 109.6% in the fourth quarter. CenterBook Partners LP now owns 173,880 shares of the specialty retailer’s stock worth $5,034,000 after purchasing an additional 90,915 shares during the period. Raymond James Financial Inc. bought a new stake in MarineMax during the 4th quarter worth about $572,000. Invesco Ltd. boosted its stake in shares of MarineMax by 17.3% in the 4th quarter. Invesco Ltd. now owns 347,481 shares of the specialty retailer’s stock valued at $10,060,000 after purchasing an additional 51,352 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of MarineMax by 12.7% during the 4th quarter. Wells Fargo & Company MN now owns 12,961 shares of the specialty retailer’s stock worth $375,000 after buying an additional 1,456 shares during the period. 92.85% of the stock is owned by institutional investors.

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.