Charles A. Cashman Sells 7,500 Shares of MarineMax, Inc. (NYSE:HZO) Stock

MarineMax, Inc. (NYSE:HZOGet Free Report) EVP Charles A. Cashman sold 7,500 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $29.76, for a total transaction of $223,200.00. Following the completion of the transaction, the executive vice president now directly owns 63,981 shares of the company’s stock, valued at approximately $1,904,074.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

MarineMax Trading Down 1.3 %

NYSE HZO opened at $31.20 on Thursday. MarineMax, Inc. has a 12 month low of $25.60 and a 12 month high of $42.88. The company has a 50-day moving average of $34.04 and a 200-day moving average of $32.89. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.28 and a quick ratio of 0.35. The company has a market cap of $695.76 million, a P/E ratio of 7.72 and a beta of 1.67.

MarineMax (NYSE:HZOGet Free Report) last posted its earnings results on Thursday, January 25th. The specialty retailer reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). The business had revenue of $527.30 million for the quarter, compared to analyst estimates of $524.76 million. MarineMax had a return on equity of 10.44% and a net margin of 3.75%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the company posted $1.24 EPS. As a group, equities analysts predict that MarineMax, Inc. will post 3.46 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Stifel Nicolaus cut their target price on shares of MarineMax from $46.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. Truist Financial boosted their target price on shares of MarineMax from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. StockNews.com downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a research note on Saturday, January 27th. Finally, B. Riley raised shares of MarineMax from a “neutral” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, MarineMax currently has a consensus rating of “Hold” and an average price target of $39.60.

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Institutional Trading of MarineMax

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its position in MarineMax by 23.6% during the 4th quarter. BNP Paribas Financial Markets now owns 145,263 shares of the specialty retailer’s stock worth $5,651,000 after purchasing an additional 27,781 shares in the last quarter. Versor Investments LP acquired a new stake in MarineMax during the 4th quarter worth approximately $284,000. Charles Schwab Investment Management Inc. increased its position in MarineMax by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 456,701 shares of the specialty retailer’s stock worth $17,766,000 after purchasing an additional 31,856 shares in the last quarter. Bfsg LLC acquired a new stake in MarineMax during the 4th quarter worth approximately $133,000. Finally, Private Management Group Inc. boosted its holdings in MarineMax by 5.2% in the 4th quarter. Private Management Group Inc. now owns 422,643 shares of the specialty retailer’s stock worth $16,441,000 after acquiring an additional 20,782 shares during the period. Institutional investors and hedge funds own 93.80% of the company’s stock.

About MarineMax

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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.

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