Public Sector Pension Investment Board Boosts Stake in MarineMax, Inc. (NYSE:HZO)

Public Sector Pension Investment Board raised its position in MarineMax, Inc. (NYSE:HZO) by 7.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,654 shares of the specialty retailer’s stock after purchasing an additional 3,273 shares during the quarter. Public Sector Pension Investment Board owned 0.20% of MarineMax worth $1,445,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC raised its holdings in MarineMax by 3.3% in the first quarter. Janus Henderson Group PLC now owns 16,616 shares of the specialty retailer’s stock valued at $553,000 after buying an additional 529 shares during the period. Texas Permanent School Fund Corp increased its position in shares of MarineMax by 3.1% in the first quarter. Texas Permanent School Fund Corp now owns 17,628 shares of the specialty retailer’s stock worth $586,000 after acquiring an additional 536 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in shares of MarineMax by 2.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 20,150 shares of the specialty retailer’s stock valued at $652,000 after acquiring an additional 567 shares during the period. Swiss National Bank lifted its holdings in shares of MarineMax by 1.8% during the 1st quarter. Swiss National Bank now owns 39,600 shares of the specialty retailer’s stock valued at $1,317,000 after acquiring an additional 700 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in MarineMax by 17.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,158 shares of the specialty retailer’s stock worth $205,000 after purchasing an additional 924 shares during the period. 92.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on HZO. DA Davidson raised their price objective on MarineMax from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. B. Riley dropped their target price on MarineMax from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Stifel Nicolaus upped their price target on MarineMax from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Citigroup upgraded shares of MarineMax from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $40.00 to $44.00 in a research note on Monday, September 9th. Finally, Truist Financial upped their target price on shares of MarineMax from $35.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.20.

MarineMax Price Performance

Shares of NYSE HZO opened at $35.28 on Tuesday. The business has a 50 day moving average price of $32.35 and a two-hundred day moving average price of $30.96. MarineMax, Inc. has a fifty-two week low of $22.51 and a fifty-two week high of $39.85. The firm has a market cap of $786.78 million, a PE ratio of 12.78 and a beta of 1.82. The company has a quick ratio of 0.36, a current ratio of 1.20 and a debt-to-equity ratio of 0.37.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.16. The business had revenue of $757.72 million during the quarter, compared to the consensus estimate of $720.30 million. MarineMax had a net margin of 2.00% and a return on equity of 6.26%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.07 earnings per share. Sell-side analysts expect that MarineMax, Inc. will post 2.33 earnings per share for the current fiscal year.

MarineMax 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.