In a report released today, Eric Wold from B.Riley Financial reiterated a Buy rating on Marinemax (HZO – Research Report), with a price target of $84.00. The company’s shares closed last Thursday at $37.55, close to its 52-week low of $35.60.
According to TipRanks.com, Wold is a 5-star analyst with an average return of 16.3% and a 44.2% success rate. Wold covers the Services sector, focusing on stocks such as Chicken Soup For The Soul Entertainment, Redbox Entertainment, and National Cinemedia.
Marinemax has an analyst consensus of Moderate Buy, with a price target consensus of $58.00, a 48.4% upside from current levels. In a report issued on April 26, D.A. Davidson also initiated coverage with a Buy rating on the stock with a $48.00 price target.
Based on Marinemax’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $473 million and net profit of $35.94 million. In comparison, last year the company earned revenue of $412 million and had a net profit of $23.6 million.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HZO in relation to earlier this year.
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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.
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