Today’s Price Action: Is West Marine, Inc. a Buy? The Stock Rises Again

Today's Price Action: Is West Marine, Inc. a Buy? The Stock Rises Again

The stock of West Marine, Inc. (NASDAQ:WMAR) is a huge mover today! About 124,200 shares traded hands or 186.63% up from the average. West Marine, Inc. (NASDAQ:WMAR) has declined 4.68% since March 1, 2016 and is downtrending. It has underperformed by 13.92% the S&P500.
The move comes after 9 months positive chart setup for the $212.11 million company. It was reported on Oct, 4 by We have $12.60 PT which if reached, will make NASDAQ:WMAR worth $97.57 million more.

Analysts await West Marine, Inc. (NASDAQ:WMAR) to report earnings on November, 3. They expect $0.19 EPS, down 5.00% or $0.01 from last year’s $0.2 per share. WMAR’s profit will be $4.67M for 11.36 P/E if the $0.19 EPS becomes a reality. After $0.86 actual EPS reported by West Marine, Inc. for the previous quarter, Wall Street now forecasts -77.91% negative EPS growth.

According to Zacks Investment Research, “West Marine, Inc. is the largest specialty retailer of recreational and commercial boating supplies and apparel in the United States. They have three divisions (Stores, Wholesale (Port Supply), and Catalog), which all sell after-market recreational boating supplies directly to customers. They are also engaged, through its Port Supply business line and their stores, in the wholesale distribution of products to commercial customers and other retailers.”

Insitutional Activity: The institutional sentiment increased to 1.52 in Q2 2016. Its up 0.08, from 1.44 in 2016Q1. The ratio increased, as 3 funds sold all West Marine, Inc. shares owned while 24 reduced positions. 11 funds bought stakes while 30 increased positions. They now own 15.16 million shares or 0.50% more from 15.09 million shares in 2016Q1.
Blackrock Ltd Company owns 14,966 shares or 0% of their US portfolio. Northern Trust reported 228,540 shares or 0% of all its holdings. Kennedy Mgmt holds 0.03% of its portfolio in West Marine, Inc. (NASDAQ:WMAR) for 148,676 shares. Alliancebernstein Ltd Partnership has invested 0% of its portfolio in West Marine, Inc. (NASDAQ:WMAR). Axa, a France-based fund reported 48,712 shares. The Georgia-based Invesco Ltd has invested 0% in West Marine, Inc. (NASDAQ:WMAR). Blackrock Grp Inc Limited last reported 0% of its portfolio in the stock. Citigroup Inc last reported 6,131 shares in the company. Moreover, Paradigm Cap Mgmt Ny has 0.02% invested in West Marine, Inc. (NASDAQ:WMAR) for 15,000 shares. Select Equity Group Incorporated Lp has invested 0% of its portfolio in West Marine, Inc. (NASDAQ:WMAR). State Street holds 251,202 shares or 0% of its portfolio. Teachers Advsrs last reported 27,131 shares in the company. Ws Management Lllp holds 0.03% or 113,000 shares in its portfolio. New York State Common Retirement Fund reported 16,400 shares or 0% of all its holdings. Blackrock Japan holds 3,546 shares or 0% of its portfolio.

More news for West Marine, Inc. (NASDAQ:WMAR) were recently published by:, which released: “West Marine: A Value-Trap With Long-Term Downside” on December 24, 2015.‘s article titled: “West Marine’s (WMAR) CEO Matt Hyde on Q1 2016 Results – Earnings Call Transcript” and published on April 28, 2016 is yet another important article.

WMAR Company Profile

West Marine, Inc., incorporated on September 24, 1993, is a waterlife outfitter for cruisers, sailors, anglers and paddlesports enthusiasts. The Firm offers a selection of core boating and water recreation products, primarily serving the needs of boat owners and professionals providing services to them. It services its clients through physical stores and two e-commerce Websites. The Firm is a specialty retailer of boating supplies, gear, apparel, footwear and other waterlife-related products. The Firm operates approximately 260 stores located in approximately 40 states, Puerto Rico and Canada, reaching domestic, international and professional customers.

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