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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
West Marine, Inc.
Type
Private Company
Industry specialty retail and wholesale
Founded 1968
Headquarters Watsonville, California
Number of locations
278
Key people
Randy Repass (Founder)
Matt Hyde (President & CEO)
Products boating supply
Number of employees
5,000 (varies by season)
Website www.westmarine.com

West Marine is an American company based in Watsonville, California, which operates a chain of boating supply and fishing retail stores. The company has nearly 300 retail stores in North America, including Puerto Rico and Canada, and previously had seven franchised stores in Turkey.

The company was founded in 1968 by Randy Repass in Sunnyvale, California, with the name West Coast Ropes, selling nylon rope from Repass' garage. The first retail West Coast Ropes store opened in 1975 in Palo Alto, California. With the acquisition of assets from West Products in 1977, the company changed its name to West Marine Products, Inc. In 1978 West Marine established a wholesale division called Port Supply. In 1991, the first West Marine stores opened on the East Coast of the United States, in Miami and Annapolis, Maryland. In 1993 the company went public on the NASDAQ exchange (symbol WMAR).

In 1996, West Marine merged with E&B Marine, to target a larger customer base of power boat enthusiasts. In 2003 the company acquired the BoatU.S. Product Division.

In December 2007, Geoff Eisenberg replaced Peter Harris as the company's president and chief executive officer.

By 2009, the company was more than three times as large as its nearest competitor, Boater's World, which closed that year, shutting all its stores nationwide.

In April 2012 the company announced that Eisenberg planned to resign. In June 2012, Matt Hyde, a 26-year veteran of REI, became the new president and CEO. In his previous capacity at REI, Hyde served as an Executive Vice President, with responsibilities for retail sales, marketing, direct sales, and real estate.

West Marine currently offers more than 75,000 products online, in stores, and via mail-order catalog.

In July 2008, West Marine opened its first franchise store in Istanbul, Turkey. The newly formed company, East Marine Denizcilik ve Turizm A.Ş trades as West Marine Turkey and was majority owned by Rahmi Koç and İbrahim Yazıcı. In March 2009, the second store was opened in Kalamış and June 2009 saw the opening of the third franchise store in Bodrum. The fourth store, in Marmaris, opened in October 2010 with more stores planned around the coast of Turkey. On January 1, 2015, all seven West Marine Franchise stores in Turkey separated from West Marine and became Eastmarine.

In October 2014, West Marine announced that it would close all of its Canadian stores by 2019 as their leases expired; seven of the ten stores in Canada were to close in 2015.

Investment goal date:
Dividends reinvested
West Marine, Inc. WMAR report Q2 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q4 2017
2018-02-25
--
--
Q3 2017
2017-10-24
--
--
Q2 2017
2017-08-07
0.8600
0.8400
Q1 2017
2017-04-26
-0.2900
-0.2900
Q4 2016
2017-02-23
-0.3900
-0.3900
Q3 2016
2016-10-25
0.1500
0.1500
Q2 2016
2016-07-28
0.8600
0.8600
Q1 2016
2016-04-28
-0.3700
-0.3700
Q4 2015
2016-02-25
-0.4200
-0.4500
Q3 2015
2015-10-29
0.2000
0.2000
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
ARIEL INVESTMENTS, LLC
541296
BlackRock Fund Advisors
599528
BlackRock Inc.
1849833
BlackRock Institutional Trust Company, N.A.
1018003
DIMENSIONAL FUND ADVISORS LP
2096546
FRANKLIN RESOURCES INC
1941605
MORGAN STANLEY
239602
Numeric Investors LLC
537997
RENAISSANCE TECHNOLOGIES LLC
252800
ROYCE & ASSOCIATES LLC
1196437
Select Equity Group, L.P.
1089564
SIGNIA CAPITAL MANAGEMENT LLC
304826
STATE STREET CORP
286145
Vanguard Group, Inc
616623
Walthausen & Co., LLC
373333
Major Shareholders
Name Relationship
Total Shares
Holding stocks
EDWARDS BRUCE
0.1300% (31082)
WMAR /
EISENBERG GEOFF
0.0100% (2768)
WMAR /
MCCOMAS DAVID
0.1500% (35884)
WMAR /
ROY PETER
0.0200% (5405)
UNFI / WMAR /
Moran Thomas R
0.1800% (43929)
CONN / WMAR /
Japinga Ronald S
0.2000% (49819)
WMAR /
% ()