Brokerages Set MarineMax, Inc. (NYSE:HZO) PT at $41.83

Shares of MarineMax, Inc. (NYSE:HZO) have earned a consensus recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $41.83.

HZO has been the subject of a number of research reports. Benchmark began coverage on shares of MarineMax in a report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price target for the company. StockNews.com downgraded MarineMax from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Citigroup raised MarineMax from a “neutral” rating to a “buy” rating and upped their price target for the company from $40.00 to $44.00 in a research note on Monday, September 9th.

MarineMax Price Performance

Shares of HZO stock opened at $28.35 on Wednesday. MarineMax has a 52 week low of $22.51 and a 52 week high of $39.85. The stock has a market capitalization of $640.57 million, a PE ratio of 17.18 and a beta of 1.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.34 and a current ratio of 1.19. The stock’s fifty day moving average is $30.96 and its 200-day moving average is $32.06.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. The business had revenue of $563.10 million for the quarter, compared to the consensus estimate of $576.49 million. During the same quarter in the prior year, the company earned $0.69 EPS. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. Equities research analysts expect that MarineMax will post 2.33 EPS for the current fiscal year.

Institutional Investors Weigh In On MarineMax

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HZO. Dimensional Fund Advisors LP boosted its holdings in MarineMax by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer’s stock worth $46,767,000 after buying an additional 110,601 shares during the last quarter. Private Management Group Inc. boosted its stake in MarineMax by 11.5% during the 3rd quarter. Private Management Group Inc. now owns 534,023 shares of the specialty retailer’s stock worth $18,835,000 after acquiring an additional 55,033 shares during the last quarter. Millennium Management LLC grew its holdings in MarineMax by 22.7% during the second quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer’s stock valued at $13,012,000 after purchasing an additional 74,451 shares during the period. Royce & Associates LP increased its stake in MarineMax by 45.2% in the third quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer’s stock valued at $13,008,000 after purchasing an additional 114,880 shares in the last quarter. Finally, Portolan Capital Management LLC acquired a new stake in MarineMax in the third quarter worth $11,271,000. Institutional investors own 92.85% of the company’s stock.

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.