MarineMax (NYSE:HZO) Sets New 52-Week Low at $27.14

MarineMax, Inc. (NYSE:HZO – Get Rating)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $27.14 and last traded at $27.32, with a volume of 47843 shares. The stock had previously closed at $28.24.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Stifel Nicolaus assumed coverage on MarineMax in a research note on Wednesday, December 14th. They set a “buy” rating and a $40.00 price objective on the stock. B. Riley raised MarineMax from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $53.00 to $52.00 in a research note on Tuesday, February 21st. StockNews.com assumed coverage on MarineMax in a research note on Thursday. They set a “hold” rating on the stock. Raymond James dropped their price objective on MarineMax from $55.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, January 27th. Finally, DA Davidson dropped their price objective on MarineMax from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, January 30th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.33.

MarineMax Price Performance

The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 0.51. The company has a 50 day simple moving average of $32.36 and a 200-day simple moving average of $31.99. The stock has a market cap of $624.25 million, a price-to-earnings ratio of 3.50 and a beta of 1.48.

MarineMax (NYSE:HZO – Get Rating) last released its earnings results on Thursday, January 26th. The specialty retailer reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.27). MarineMax had a return on equity of 25.61% and a net margin of 7.76%. The company had revenue of $507.90 million for the quarter, compared to the consensus estimate of $509.59 million. During the same quarter in the previous year, the company posted $1.59 EPS. The business’s revenue was up 7.4% on a year-over-year basis. Research analysts expect that MarineMax, Inc. will post 6.81 EPS for the current year.

Insider Buying and Selling

In related news, EVP Charles A. Cashman sold 10,000 shares of the company’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $34.92, for a total transaction of $349,200.00. Following the sale, the executive vice president now owns 35,499 shares in the company, valued at $1,239,625.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other MarineMax news, EVP Charles A. Cashman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $34.92, for a total transaction of $349,200.00. Following the transaction, the executive vice president now owns 35,499 shares of the company’s stock, valued at $1,239,625.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Anthony E. Jr. Cassella sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $31.02, for a total value of $155,100.00. Following the transaction, the chief accounting officer now directly owns 8,060 shares in the company, valued at approximately $250,021.20. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MarineMax

A number of institutional investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. acquired a new position in MarineMax during the fourth quarter worth approximately $225,000. Natixis acquired a new position in MarineMax during the fourth quarter worth approximately $983,000. DGS Capital Management LLC acquired a new position in MarineMax during the fourth quarter worth approximately $201,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in MarineMax by 15.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 88,553 shares of the specialty retailer’s stock worth $2,765,000 after buying an additional 12,174 shares during the last quarter. Finally, Vestcor Inc grew its position in shares of MarineMax by 251.3% in the fourth quarter. Vestcor Inc now owns 10,745 shares of the specialty retailer’s stock valued at $335,000 after purchasing an additional 7,686 shares during the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

MarineMax Company Profile

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MarineMax, Inc engages in the provision of boating-related activities. The firm sells used and new sport boats, sport cruisers, sport yachts and fishing boats through retail stores. It also provides maintenance, repair, slip and storage services. The company was founded in January 1998 and is headquartered in Clearwater, FL.