MarineMax, Inc. (NYSE:HZO) Shares Acquired by Raymond James & Associates

Raymond James & Associates boosted its holdings in MarineMax, Inc. (NYSE:HZOGet Rating) by 1.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,885 shares of the specialty retailer’s stock after acquiring an additional 643 shares during the period. Raymond James & Associates owned 0.30% of MarineMax worth $1,903,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in HZO. BlackRock Inc. grew its holdings in shares of MarineMax by 0.4% during the 1st quarter. BlackRock Inc. now owns 4,159,070 shares of the specialty retailer’s stock worth $167,445,000 after purchasing an additional 16,515 shares during the period. Vanguard Group Inc. boosted its position in shares of MarineMax by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 1,712,045 shares of the specialty retailer’s stock worth $68,926,000 after purchasing an additional 37,795 shares during the period. Dimensional Fund Advisors LP increased its holdings in MarineMax by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,612,168 shares of the specialty retailer’s stock valued at $64,909,000 after purchasing an additional 6,278 shares during the last quarter. State Street Corp lifted its stake in MarineMax by 7.5% during the second quarter. State Street Corp now owns 821,472 shares of the specialty retailer’s stock worth $29,672,000 after purchasing an additional 57,396 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its position in shares of MarineMax by 0.4% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 632,590 shares of the specialty retailer’s stock worth $25,468,000 after buying an additional 2,302 shares during the period. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HZO shares. Truist Financial decreased their target price on MarineMax from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, October 5th. Citigroup lowered their target price on MarineMax from $43.00 to $39.00 in a research note on Friday, October 28th. StockNews.com raised MarineMax from a “hold” rating to a “buy” rating in a research report on Saturday, October 29th. Raymond James lowered their price objective on MarineMax from $66.00 to $55.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Finally, DA Davidson reduced their target price on shares of MarineMax to $44.00 in a report on Tuesday, November 1st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.00.

MarineMax Price Performance

HZO stock opened at $34.10 on Tuesday. The stock has a market cap of $744.95 million, a price-to-earnings ratio of 3.85 and a beta of 1.58. MarineMax, Inc. has a fifty-two week low of $27.40 and a fifty-two week high of $50.32. The company has a quick ratio of 0.73, a current ratio of 1.83 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average price of $32.34 and a 200 day moving average price of $34.15.

MarineMax (NYSE:HZOGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The specialty retailer reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.73. MarineMax had a net margin of 8.58% and a return on equity of 28.48%. The business had revenue of $536.76 million during the quarter, compared to the consensus estimate of $508.95 million. Equities research analysts anticipate that MarineMax, Inc. will post 7.98 earnings per share for the current fiscal year.

MarineMax Profile

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MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in 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, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.

See Also

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Institutional Ownership by Quarter for MarineMax (NYSE:HZO)

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