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Clint Moore, a director at MarineMax Inc . (NYSE:HZO), recently sold a portion of his holdings in the company, according to a filing with the Securities and Exchange Commission. On January 27, Moore disposed of 4,100 shares of MarineMax common stock at a weighted average price of $30.63 per share. The stock, which has shown significant volatility according to InvestingPro data, currently trades at $29.04, with six analysts recently revising their earnings estimates downward. This transaction, which was executed in multiple trades at prices ranging from $30.62 to $30.66, resulted in a total sale value of $125,583.
Following the sale, Moore retains ownership of 23,560 shares in the company. The transactions were conducted under a pre-arranged trading plan, as indicated in the filing.
In other recent news, MarineMax has reported exceeding first-quarter 2025 earnings estimates and maintaining its full-year guidance, despite facing challenges from adverse weather conditions and a challenging retail landscape. The company’s retail sales remained relatively steady, with DA Davidson analyst Brandon Rolle emphasizing the resilience of MarineMax’s performance. Rolle reiterated a Buy rating and a $35.00 price target for the company, highlighting its robust inventory.
Benchmark analysts also reaffirmed a Buy rating for MarineMax and set a $40.00 price target. The company’s fiscal first-quarter earnings saw a surge, with an adjusted earnings per share of $0.17, outperforming analyst projections of a $0.17 loss. However, revenue fell by 11.2% year-over-year to $468.5 million, falling short of the consensus estimate of $485.52 million.
MarineMax’s fiscal 2025 guidance projects adjusted earnings of $1.80 to $2.80 per share, aligning with analyst expectations of $2.27 per share. The company ended the quarter with an inventory of $1.04 billion, up from $876.2 million the previous year, and expressed its commitment to expense reduction and maintaining a strong balance sheet. These are recent developments reflecting the company’s resilience amid challenging market conditions.
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