MarineMax (NYSE:HZO) Now Covered by DA Davidson

Equities researchers at DA Davidson assumed coverage on shares of MarineMax (NYSE:HZOGet Rating) in a research note issued to investors on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $48.00 price target on the specialty retailer’s stock. DA Davidson’s price target points to a potential upside of 26.18% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on HZO. Raymond James upped their price objective on shares of MarineMax from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, January 28th. Zacks Investment Research cut shares of MarineMax from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. StockNews.com assumed coverage on shares of MarineMax in a report on Thursday, March 31st. They issued a “buy” rating for the company. B. Riley increased their target price on shares of MarineMax from $75.00 to $84.00 in a report on Friday, January 28th. Finally, Truist Financial dropped their target price on shares of MarineMax from $62.00 to $54.00 in a report on Wednesday, January 26th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $58.33.

NYSE:HZO opened at $38.04 on Tuesday. MarineMax has a one year low of $36.81 and a one year high of $70.89. The company has a market cap of $833.80 million, a P/E ratio of 5.20 and a beta of 1.73. The firm’s fifty day moving average price is $43.10 and its two-hundred day moving average price is $49.10. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.57 and a quick ratio of 0.72.

MarineMax (NYSE:HZOGet Rating) last announced its earnings results on Thursday, January 27th. The specialty retailer reported $1.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.48. The company had revenue of $472.69 million during the quarter, compared to analysts’ expectations of $447.35 million. MarineMax had a net margin of 7.88% and a return on equity of 28.80%. MarineMax’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 earnings per share. As a group, equities research analysts expect that MarineMax will post 7.88 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. Addison Advisors LLC bought a new position in shares of MarineMax during the 4th quarter worth approximately $30,000. Manchester Capital Management LLC bought a new position in shares of MarineMax in the 3rd quarter worth $25,000. Point72 Hong Kong Ltd lifted its holdings in shares of MarineMax by 191.8% in the 4th quarter. Point72 Hong Kong Ltd now owns 642 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 422 shares in the last quarter. Dark Forest Capital Management LP bought a new position in shares of MarineMax in the 3rd quarter worth $66,000. Finally, Lazard Asset Management LLC lifted its holdings in shares of MarineMax by 16.8% in the 4th quarter. Lazard Asset Management LLC now owns 1,610 shares of the specialty retailer’s stock worth $95,000 after purchasing an additional 232 shares in the last quarter. 99.13% of the stock is owned by institutional investors and hedge funds.

MarineMax Company Profile (Get Rating)

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates through two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, pontoon boats, ski boats, jet boats, and other recreational boats.

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