MarineMax, Inc. (NYSE:HZO) Given Average Recommendation of “Moderate Buy” by Analysts

MarineMax, Inc. (NYSE:HZO) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $38.00.

Several equities analysts recently commented on the stock. Truist Financial cut their target price on shares of MarineMax from $46.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, October 17th. Stifel Nicolaus dropped their price objective on shares of MarineMax from $46.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. StockNews.com started coverage on shares of MarineMax in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Raymond James cut shares of MarineMax from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 18th. Finally, B. Riley upgraded shares of MarineMax from a “neutral” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Monday, October 23rd.

MarineMax Price Performance

NYSE HZO opened at $28.11 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.37 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $31.42 and a 200 day simple moving average of $32.09. The company has a market cap of $615.89 million, a P/E ratio of 5.75 and a beta of 1.48. MarineMax has a 1 year low of $25.60 and a 1 year high of $42.88.

MarineMax (NYSE:HZO) last released its earnings results on Thursday, October 26th. The specialty retailer reported $0.69 EPS for the quarter, meeting the consensus estimate of $0.69. The firm had revenue of $594.60 million during the quarter, compared to analysts’ expectations of $532.24 million. MarineMax had a net margin of 4.56% and a return on equity of 13.42%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.90 EPS. On average, sell-side analysts predict that MarineMax will post 4.55 EPS for the current year.

Institutional Trading of MarineMax

A number of hedge funds and other institutional investors have recently made changes to their positions in HZO. BlackRock Inc. grew its stake in shares of MarineMax by 0.4% in the first quarter. BlackRock Inc. now owns 4,159,070 shares of the specialty retailer’s stock valued at $167,445,000 after buying an additional 16,515 shares in the last quarter. American Century Companies Inc. raised its stake in MarineMax by 3.4% in the first quarter. American Century Companies Inc. now owns 2,213,551 shares of the specialty retailer’s stock valued at $63,640,000 after purchasing an additional 72,549 shares in the last quarter. Vanguard Group Inc. raised its stake in MarineMax by 1.9% in the third quarter. Vanguard Group Inc. now owns 1,789,622 shares of the specialty retailer’s stock valued at $53,313,000 after purchasing an additional 34,189 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in MarineMax by 0.4% in the first 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 in the last quarter. Finally, State Street Corp raised its stake in MarineMax by 9.3% in the first quarter. State Street Corp now owns 992,088 shares of the specialty retailer’s stock valued at $28,523,000 after purchasing an additional 84,663 shares in the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Company Profile

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.