MarineMax, Inc. (NYSE:HZO) has a beta value of 1.77 and has seen 570,549 shares traded in the last trading session. The company, currently valued at $703.56 Million, closed the last trade at $32.53 per share which meant it lost -$1.01 on the day or -3.01% during that session. The HZO stock price is -8.18% off its 52-week high price of $35.19 and 77.71% above the 52-week low of $7.25. If we look at the company’s 10-day average daily trading volume, we find that it stood at 383.3 Million shares traded. The 3-month trading volume is 358.39 Million shares.
The consensus among analysts is that MarineMax, Inc. (HZO) is an Overweight stock at the moment, with a recommendation rating of 2.1. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 3 out of 8 have rated it as a Hold, with 4 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.54.
MarineMax, Inc. (NYSE:HZO) trade information
Despite being -3.01% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Nov 18 when the HZO stock price touched $35.19- or saw a rise of 7.56%. Year-to-date, MarineMax, Inc. shares have moved 94.91%, while the 5-day performance has seen it change 3.93%. Over the past 30 days, the shares of MarineMax, Inc. (NYSE:HZO) have changed 7.04%. Short interest in the company has seen 1.84 Million shares shorted with days to cover at 0.01.
Wall Street analysts have a consensus price target for the stock at $37.33, which means that the shares’ value could jump 14.76% from current levels. The projected low price target is $35 while the price target rests at a high of $40. In that case, then, we find that the current price level is +22.96% off the targeted high while a plunge would see the stock lose 7.59% from current levels.
MarineMax, Inc. (HZO) estimates and forecasts
Figures show that MarineMax, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +65.04% over the past 6 months, with this year growth rate of 11.99%, compared to 0.5% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 31.7% and 139.1% for the next quarter. Revenue growth from the last financial year stood is estimated to be +19.5%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +28% over the past 5 years. Earnings growth for 2020 is a modest -9.7% while over the next 5 years, the company’s earnings are expected to increase by 30%.
MarineMax, Inc. (NYSE:HZO)’s Major holders
Insiders own 3.57% of the company shares, while shares held by institutions stand at 103.28% with a share float percentage of 107.1%. Investors are also buoyed by the number of investors in a company, with MarineMax, Inc. having a total of 284 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 3.46 Million shares worth more than $88.89 Million. As of September 29, 2020, Blackrock Inc. held 16.01% of shares outstanding.
The other major institutional holder is Eagle Asset Management Inc, with the holding of over 1.89 Million shares as of September 29, 2020. The firm’s total holdings are worth over $48.46 Million and represent 8.73% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Carillon Ser Tr-Carillon Eagle Small Cap Growth Fund. As of September 29, 2020, the former fund manager holds about 6.21% shares in the company for having 1342408 shares of worth $34.46 Million while later fund manager owns 1.31 Million shares of worth $33.64 Million as of September 29, 2020, which makes it owner of about 6.06% of company’s outstanding stock.