19,742 Shares in MarineMax, Inc. (NYSE:HZO) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of MarineMax, Inc. (NYSE:HZO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 19,742 shares of the specialty retailer’s stock, valued at approximately $572,000. Raymond James Financial Inc. owned approximately 0.09% of MarineMax at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HZO. Smartleaf Asset Management LLC raised its holdings in MarineMax by 211.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 1,058 shares in the last quarter. US Bancorp DE lifted its holdings in shares of MarineMax by 49.6% in the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 585 shares during the period. KLP Kapitalforvaltning AS bought a new position in MarineMax during the fourth quarter valued at about $113,000. Quantbot Technologies LP acquired a new position in MarineMax during the fourth quarter worth about $129,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in MarineMax in the fourth quarter worth about $215,000. Institutional investors own 92.85% of the company’s stock.

MarineMax Stock Performance

Shares of HZO stock opened at $21.95 on Friday. The stock’s fifty day simple moving average is $21.47 and its 200-day simple moving average is $26.74. The company has a market capitalization of $471.38 million, a price-to-earnings ratio of 9.22 and a beta of 1.69. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35. MarineMax, Inc. has a 1-year low of $16.85 and a 1-year high of $38.20.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. The business had revenue of $631.52 million during the quarter, compared to analyst estimates of $580.12 million. During the same period in the prior year, the firm earned $0.18 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. On average, sell-side analysts predict that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HZO shares. StockNews.com raised shares of MarineMax from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. DA Davidson dropped their price target on MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Truist Financial reduced their price objective on MarineMax from $38.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, April 14th. B. Riley raised MarineMax to a “strong-buy” rating in a research report on Wednesday, February 12th. Finally, Benchmark reaffirmed a “buy” rating and set a $40.00 target price on shares of MarineMax in a report on Friday, January 24th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $38.50.

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.