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Top 3 Companies in the Specialty Stores Industry With the Highest Projected Earnings Growth (HZO, ULTA, PETM)

Published on Thu, 01/31/2013 - 11:17
By Mallory Stone

Below are the three companies in the Specialty Stores industry with the highest projected earnings growth. The growth of earnings per share (current fiscal year estimated vs. last year actual) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.

MarineMax (NYSE:HZO) is highest with projected earnings growth of 283.3%. MarineMax, Inc. retails recreational boats in the United States. The Company's brands include Sea Ray, Boston Whaler, and Hatteras. MarineMax sells new and used boats, related marine products, and is involved in boat brokerage through its wholly owned subsidiary.

MarineMax has overhead space with shares priced $11.41, or 3.6% below the average consensus analyst price target of $11.83. The stock should discover initial support at its 50-day moving average (MA) of $9.26 and subsequent support at its 200-day MA of $8.76.

Following is Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) with projected earnings growth of 40.0%.

Finishing up the top three is PetSmart (NASDAQ:PETM), with projected earnings growth of 37.9%.

By Mallory Stone
mstone@fnno.com