MarineMax (NYSE:HZO) Trading 5% Higher – Should You Buy?

MarineMax, Inc. (NYSE:HZO) shot up 5% during trading on Thursday . The stock traded as high as $24.68 and last traded at $24.77. 47,738 shares changed hands during trading, a decline of 82% from the average session volume of 271,491 shares. The stock had previously closed at $23.58.

Wall Street Analyst Weigh In

Several research firms have issued reports on HZO. B. Riley upgraded MarineMax to a “strong-buy” rating in a report on Wednesday, February 12th. 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 price objective 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 reissued a “buy” rating and set a $40.00 price target on shares of MarineMax in a research report on Friday, January 24th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $41.50.

MarineMax Trading Up 3.0 %

The company’s fifty day moving average is $28.17 and its 200-day moving average is $30.32. 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 firm has a market capitalization of $551.33 million, a P/E ratio of 10.17 and a beta of 1.91.

MarineMax (NYSE:HZO) last issued its quarterly earnings results 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 return on equity of 4.96% and a net margin of 2.33%. As a group, sell-side analysts anticipate that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal year.

Insider Activity at MarineMax

In other news, CAO Anthony E. Jr. Cassella sold 4,000 shares of MarineMax stock in a transaction that occurred 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 sale, the chief accounting officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $125,583.00. Following the completion of the transaction, the director now owns 23,560 shares of the company’s stock, valued at $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 owned by corporate insiders.

Institutional Trading of MarineMax

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HZO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in MarineMax by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,375 shares of the specialty retailer’s stock valued at $358,000 after purchasing an additional 532 shares in the last quarter. US Bancorp DE grew its stake 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 during the last quarter. Illinois Municipal Retirement Fund raised its stake in shares of MarineMax by 6.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 11,776 shares of the specialty retailer’s stock valued at $341,000 after acquiring an additional 732 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of MarineMax by 8.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer’s stock worth $413,000 after acquiring an additional 905 shares in the last quarter. Finally, Empowered Funds LLC grew its position in MarineMax by 4.7% during the 4th quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer’s stock worth $651,000 after acquiring an additional 1,006 shares during the last quarter. 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.