MarineMax (NYSE:HZO) Hits New 12-Month Low – What’s Next?

MarineMax, Inc. (NYSE:HZO)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $22.02 and last traded at $22.06, with a volume of 42448 shares. The stock had previously closed at $23.30.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Benchmark reissued a “buy” rating and set a $40.00 price target on shares of MarineMax in a report on Friday, January 24th. B. Riley upgraded shares of MarineMax to a “strong-buy” rating in a research note on Wednesday, February 12th. DA Davidson reduced 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, StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating in a research report 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, the company currently has an average rating of “Buy” and an average price target of $41.50.

MarineMax Stock Performance

The firm has a market cap of $497.58 million, a PE ratio of 9.21 and a beta of 1.94. The firm’s 50 day simple moving average is $26.83 and its 200 day simple moving average is $29.46. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35.

MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 EPS for the quarter, beating 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%. On average, research analysts forecast that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

Insider Activity at MarineMax

In other news, CAO Anthony E. Jr. Cassella sold 4,000 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now directly owns 11,451 shares of the company’s stock, valued at approximately $355,668.06. The trade was a 25.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Clint Moore sold 4,100 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $30.63, for a total value of $125,583.00. Following the transaction, the director now directly owns 23,560 shares in the company, valued at $721,642.80. The trade was a 14.82 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its stake in shares of MarineMax by 211.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 1,058 shares in the last quarter. US Bancorp DE increased its holdings in shares of MarineMax by 49.6% in the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 585 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of MarineMax during the 3rd quarter worth $67,000. Aquatic Capital Management LLC bought a new stake in MarineMax during the fourth quarter valued at about $82,000. Finally, KLP Kapitalforvaltning AS purchased a new position in MarineMax in the fourth quarter valued at about $113,000. Hedge funds and other institutional investors 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.