MarineMax, Inc. (NYSE:HZO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

MarineMax, Inc. (NYSE:HZO) has been given an average rating of “Moderate Buy” by the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $36.75.

Several research analysts recently commented on the company. Truist Financial reduced their price objective on MarineMax from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, April 26th. DA Davidson reaffirmed a “buy” rating and set a $34.00 target price on shares of MarineMax in a research note on Friday, March 15th. StockNews.com cut shares of MarineMax from a “hold” rating to a “sell” rating in a report on Saturday, January 27th. Finally, Stifel Nicolaus lowered their target price on shares of MarineMax from $37.00 to $35.00 and set a “buy” rating for the company in a report on Friday, April 26th.

Insider Activity

In other MarineMax news, Director Clint Moore sold 4,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $31.12, for a total value of $124,480.00. Following the completion of the sale, the director now owns 20,544 shares in the company, valued at approximately $639,329.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On MarineMax

Large investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. boosted its holdings in MarineMax by 31.3% during the third quarter. Assenagon Asset Management S.A. now owns 73,707 shares of the specialty retailer’s stock valued at $2,419,000 after purchasing an additional 17,579 shares in the last quarter. Bfsg LLC acquired a new stake in MarineMax in the 4th quarter valued at $133,000. Louisiana State Employees Retirement System bought a new stake in MarineMax in the fourth quarter valued at $389,000. Jump Financial LLC raised its stake in MarineMax by 101.8% during the third quarter. Jump Financial LLC now owns 33,507 shares of the specialty retailer’s stock worth $1,100,000 after acquiring an additional 16,907 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of MarineMax by 438.1% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 56,500 shares of the specialty retailer’s stock valued at $1,854,000 after acquiring an additional 46,000 shares during the period. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Price Performance

Shares of HZO opened at $25.72 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 1.24 and a debt-to-equity ratio of 0.40. The company has a market cap of $573.56 million, a price-to-earnings ratio of 9.32 and a beta of 1.78. The company has a 50 day moving average of $29.46 and a two-hundred day moving average of $31.22. MarineMax has a twelve month low of $22.51 and a twelve month high of $42.88.

MarineMax (NYSE:HZO) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.55). MarineMax had a net margin of 2.56% and a return on equity of 7.66%. The business had revenue of $582.90 million for the quarter, compared to analyst estimates of $590.19 million. During the same quarter in the prior year, the firm earned $1.23 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, analysts predict that MarineMax will post 2.46 earnings per share for the current fiscal year.

About MarineMax

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.