MarineMax’s (HZO) “Maintains” Rating Reaffirmed at Raymond James

MarineMax (NYSE:HZOGet Rating)‘s stock had its “maintains” rating reaffirmed by research analysts at Raymond James in a research note issued to investors on Friday, Benzinga reports.

A number of other equities analysts have also recently commented on HZO. StockNews.com initiated coverage on MarineMax in a report on Thursday, March 31st. They set a “buy” rating for the company. B. Riley cut MarineMax from a “buy” rating to a “neutral” rating and lowered their target price for the company from $84.00 to $44.00 in a report on Tuesday, June 21st. Citigroup raised their target price on MarineMax from $42.00 to $43.00 and gave the company a “maintains” rating in a report on Friday. Northcoast Research reaffirmed a “buy” rating on shares of MarineMax in a research report on Tuesday, May 17th. Finally, DA Davidson started coverage on MarineMax in a research report on Tuesday, April 26th. They issued a “buy” rating and a $48.00 price target on the stock. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, MarineMax presently has a consensus rating of “Moderate Buy” and an average price target of $51.80.

MarineMax Stock Performance

NYSE HZO opened at $40.84 on Friday. The stock has a market cap of $879.37 million, a PE ratio of 5.11 and a beta of 1.60. The company has a current ratio of 1.70, a quick ratio of 0.81 and a debt-to-equity ratio of 0.07. MarineMax has a twelve month low of $35.10 and a twelve month high of $61.06. The stock has a fifty day simple moving average of $39.67 and a 200-day simple moving average of $42.39.

MarineMax (NYSE:HZOGet Rating) last announced its earnings results on Thursday, July 28th. The specialty retailer reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.09. MarineMax had a return on equity of 29.39% and a net margin of 8.23%. The company had revenue of $688.50 million during the quarter, compared to analysts’ expectations of $768.21 million. During the same period last year, the business posted $2.59 EPS. MarineMax’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts anticipate that MarineMax will post 8.24 earnings per share for the current year.

Institutional Investors Weigh In On MarineMax

A number of hedge funds have recently bought and sold shares of the stock. Strs Ohio raised its position in shares of MarineMax by 2.9% during the 4th quarter. Strs Ohio now owns 14,300 shares of the specialty retailer’s stock worth $844,000 after acquiring an additional 400 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of MarineMax by 5.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,631 shares of the specialty retailer’s stock worth $510,000 after acquiring an additional 459 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of MarineMax during the 4th quarter worth about $223,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of MarineMax during the 4th quarter worth about $811,000. Finally, Commonwealth Equity Services LLC increased its position in MarineMax by 3.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 24,198 shares of the specialty retailer’s stock worth $1,428,000 after buying an additional 853 shares during the period. Institutional investors and hedge funds own 97.68% of the company’s stock.

About MarineMax

(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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