After Making 52-Week High, Is MarineMax, Inc. (HZO)’s Near-Term Analysis Positive?

May 16, 2018 - By Paul Bridgeforth

MarineMax, Inc. (NYSE:HZO) Logo

Investors sentiment decreased to 0.78 in 2017 Q4. Its down 0.34, from 1.12 in 2017Q3. It dived, as 10 investors sold MarineMax, Inc. shares while 50 reduced holdings. 27 funds opened positions while 20 raised stakes. 21.65 million shares or 6.13% less from 23.06 million shares in 2017Q3 were reported.
Amer Century Cos stated it has 813,316 shares or 0.02% of all its holdings. Invesco Ltd invested 0% of its portfolio in MarineMax, Inc. (NYSE:HZO). State Board Of Administration Of Florida Retirement Sys holds 0% in MarineMax, Inc. (NYSE:HZO) or 15,835 shares. Us State Bank De has invested 0% in MarineMax, Inc. (NYSE:HZO). Mason Street Advsrs Ltd Llc has 5,713 shares for 0% of their portfolio. Janney Montgomery Scott Ltd Co invested 0.01% of its portfolio in MarineMax, Inc. (NYSE:HZO). Captrust Fincl, North Carolina-based fund reported 292 shares. Strs Ohio invested in 55,000 shares. Goldman Sachs Group Inc Inc owns 116,811 shares. Employees Retirement Association Of Colorado accumulated 8,648 shares. Guggenheim Capital Ltd Liability Corp reported 0.01% in MarineMax, Inc. (NYSE:HZO). Prudential Inc has invested 0% in MarineMax, Inc. (NYSE:HZO). D E Shaw And Company has 154,229 shares. 3,125 were reported by First Mercantile Trust. Retail Bank Of Montreal Can accumulated 0% or 803 shares.

Since January 24, 2018, it had 0 insider buys, and 8 insider sales for $3.91 million activity. EURE HILLIARD M sold $231,400 worth of stock or 10,000 shares. Day Paulee C sold $120,800 worth of MarineMax, Inc. (NYSE:HZO) on Thursday, January 25. MCGILL WILLIAM H JR had sold 50,000 shares worth $1.18 million. 25,000 shares were sold by Cashman Charles A, worth $573,049. On Tuesday, February 27 MCLAMB MICHAEL H sold $185,977 worth of MarineMax, Inc. (NYSE:HZO) or 8,622 shares.

The stock of MarineMax, Inc. (NYSE:HZO) hit a new 52-week high and has $25.68 target or 7.00 % above today’s $24.00 share price. The 5 months bullish chart indicates low risk for the $533.52M company. The 1-year high was reported on May, 16 by Barchart.com. If the $25.68 price target is reached, the company will be worth $37.35 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.84% or $0.2 during the last trading session, reaching $24. About 56,433 shares traded. MarineMax, Inc. (NYSE:HZO) has declined 11.01% since May 16, 2017 and is downtrending. It has underperformed by 22.56% the S&P500.

Analysts await MarineMax, Inc. (NYSE:HZO) to report earnings on July, 19. They expect $0.81 earnings per share, up 42.11 % or $0.24 from last year’s $0.57 per share. HZO’s profit will be $18.01 million for 7.41 P/E if the $0.81 EPS becomes a reality. After $0.25 actual earnings per share reported by MarineMax, Inc. for the previous quarter, Wall Street now forecasts 224.00 % EPS growth.

MarineMax, Inc. (NYSE:HZO) Ratings Coverage

Among 7 analysts covering Marinemax (NYSE:HZO), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Marinemax has $29 highest and $22.0 lowest target. $27.15’s average target is 13.13% above currents $24 stock price. Marinemax had 8 analyst reports since January 22, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, January 24 by Northcoast. As per Friday, April 27, the company rating was maintained by B. Riley & Co. The stock has “Buy” rating by CL King on Thursday, January 25. The stock of MarineMax, Inc. (NYSE:HZO) earned “Buy” rating by Craig Hallum on Thursday, April 26. FBR Capital maintained the stock with “Buy” rating in Monday, January 22 report. The rating was maintained by FBR Capital on Thursday, April 26 with “Buy”. The firm earned “Buy” rating on Wednesday, January 24 by SunTrust. The firm has “Buy” rating by C.L. King given on Thursday, January 25.

More important recent MarineMax, Inc. (NYSE:HZO) news were published by: Seekingalpha.com which released: “Why Powerboat Sales Won’t Mean-Revert” on May 07, 2018, also Seekingalpha.com published article titled: “MarineMax: Better Options Available”, Benzinga.com published: “Earnings Preview For MarineMax” on April 25, 2018. More interesting news about MarineMax, Inc. (NYSE:HZO) was released by: Seekingalpha.com and their article: “MarineMax Inc. 2018 Q2 – Results – Earnings Call Slides” with publication date: April 27, 2018.

MarineMax, Inc. operates as a recreational boat and yacht retailer in the United States. The company has market cap of $533.52 million. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; motor yachts; convertible yachts; pleasure boats; pontoon boats; fishing boats; ski boats; and jet boats. It has a 23.14 P/E ratio. The firm also offers marine parts and accessories that comprise marine electronics; dock and anchoring products consisting of boat fenders, lines, and anchors; boat covers; trailer parts; water sport accessories, such as tubes, lines, wakeboards, and skis; engine parts; oils; lubricants; steering and control systems; corrosion control products; service products; accessories, including propellers and instruments; and a line of boating accessories comprising life jackets, inflatables, and water sports equipment.

MarineMax, Inc. (NYSE:HZO) Institutional Positions Chart

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