Today it was reported that a Director at Marinemax (HZO), Joseph Allen Watters, exercised options to sell 10,000 HZO shares at $2.81 a share, for a total transaction value of $220.8K. The options were close to expired and Joseph Allen Watters disposed stocks.
Following Joseph Allen Watters’ last HZO Sell transaction on August 02, 2017, the stock climbed by 7.9%. This is Watters’ first Sell trade following 4 Buy transactions.
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Based on Marinemax’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $309 million and quarterly net profit of $11.54 million. In comparison, last year the company earned revenue of $251 million and had a net profit of $3.91 million. HZO’s market cap is $511.5M and the company has a P/E ratio of 13.29. Currently, Marinemax has an average volume of 360.6K.
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $28.40, reflecting a 35.6% upside.
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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.
