MarineMax, Inc. (NYSE:HZO) Given Consensus Rating of “Buy” by Analysts

Shares of MarineMax, Inc. (NYSE:HZOGet Rating) have been assigned an average recommendation of “Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $57.50.

A number of analysts recently issued reports on HZO shares. Truist Financial dropped their target price on shares of MarineMax from $62.00 to $54.00 in a research report on Wednesday, January 26th. DA Davidson assumed coverage on MarineMax in a report on Tuesday, April 26th. They issued a “buy” rating and a $48.00 price target for the company. Citigroup decreased their price target on MarineMax from $52.00 to $42.00 and set a “neutral” rating for the company in a report on Tuesday, April 19th. StockNews.com started coverage on MarineMax in a report on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Zacks Investment Research upgraded MarineMax from a “hold” rating to a “strong-buy” rating and set a $47.00 target price for the company in a research note on Tuesday, May 3rd.

Hedge funds have recently bought and sold shares of the stock. Addison Advisors LLC acquired a new stake in MarineMax in the fourth quarter worth $30,000. Manchester Capital Management LLC acquired a new stake in MarineMax in the third quarter worth $25,000. Point72 Hong Kong Ltd increased its position in MarineMax by 191.8% in the fourth quarter. Point72 Hong Kong Ltd now owns 642 shares of the specialty retailer’s stock worth $38,000 after buying an additional 422 shares during the period. US Bancorp DE increased its position in MarineMax by 149.0% in the first quarter. US Bancorp DE now owns 757 shares of the specialty retailer’s stock worth $30,000 after buying an additional 453 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in MarineMax by 91.6% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,341 shares of the specialty retailer’s stock worth $54,000 after buying an additional 641 shares during the period. 97.68% of the stock is currently owned by institutional investors and hedge funds.

NYSE HZO opened at $40.34 on Friday. The company has a 50-day moving average of $41.92 and a 200-day moving average of $48.24. The company has a market cap of $868.52 million, a P/E ratio of 5.04 and a beta of 1.60. MarineMax has a 12 month low of $35.60 and a 12 month high of $61.06. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.70 and a quick ratio of 0.81.

MarineMax (NYSE:HZOGet Rating) last posted its earnings results on Thursday, April 28th. The specialty retailer reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.59. The firm had revenue of $610.10 million during the quarter, compared to the consensus estimate of $541.34 million. MarineMax had a net margin of 8.23% and a return on equity of 29.39%. The company’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.69 EPS. As a group, equities research analysts anticipate that MarineMax will post 8.26 EPS for the current year.

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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