Marinemax, Inc. (NYSE: HZO) is -14.50% lower on its value in year-to-date trading and has touched a low of $25.60 and a high of $42.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HZO stock was last observed hovering at around $32.41 in the last trading session, with the day’s gains setting it 0.85%.
Currently trading at $33.26, the stock is 6.86% and 6.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 2.62% at the moment leaves the stock 1.45% off its SMA200. HZO registered 17.36% gain for a year compared to 6-month gain of 3.91%. The firm has a 50-day simple moving average (SMA 50) of $0.72 and a 200-day simple moving average (SMA200) of $7.72.
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The stock witnessed a 2.21% loss in the last 1 month and extending the period to 3 months gives it a -14.32%, and is 4.92% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.82% over the week and 3.79% over the month.
Marinemax, Inc. (HZO) has around 3928 employees, a market worth around $741.70M and $2.41B in sales. Current P/E ratio is 8.25 and Fwd P/E is 8.11. Profit margin for the company is 3.75%. Distance from 52-week low is 29.92% and -22.43% from its 52-week high. The company has generated returns on investments over the last 12 months (6.32%).
Marinemax, Inc. quarterly earnings per share for the current quarter are estimated at $0.66 with sales reaching $590.19M over the same period.The EPS is expected to shrink by -35.19% this year, but quarterly earnings will post 2.90% year-over-year.
244 institutions hold shares in Marinemax, Inc. (HZO), with institutional investors hold 98.79% of the company’s shares. The shares outstanding are 22.11M, and float is at 19.66M with Short Float at 14.34%. Institutions hold 87.07% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 3.57 million shares valued at $121.98 million. The investor’s holdings represent 16.30% of the HZO Shares outstanding. As of Jun 29, 2023, the second largest holder is American Century Companies, Inc. with 2.09 million shares valued at $71.32 million to account for 9.53% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 1.51 million shares representing 6.89% and valued at over $51.57 million, while Dimensional Fund Advisors LP holds 6.84% of the shares totaling 1.5 million with a market value of $51.22 million.
Marinemax, Inc. (HZO) Insider Activity
The most recent transaction is an insider sale by Moore Clint, the company’s Director. SEC filings show that Moore Clint sold 4,000 shares of the company’s common stock on Mar 11 ’24 at a price of $31.12 per share for a total of $0.12 million. Following the sale, the insider now owns 20544.0 shares.
Marinemax, Inc. disclosed in a document filed with the SEC on Feb 15 ’24 that Cassella Anthony E. Jr. (EVP of Finance & CAO) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Feb 15 ’24 and was made at $32.15 per share for $0.16 million. Following the transaction, the insider now directly holds 9421.0 shares of the HZO stock.
Still, SEC filings show that on Feb 02 ’24, Cashman Charles A (EVP & Chief Revenue Officer) disposed off 7,500 shares at an average price of $29.76 for $0.22 million. The insider now directly holds 63,981 shares of Marinemax, Inc. (HZO).
