Price T Rowe Associates Inc. MD Has $253,000 Holdings in MarineMax, Inc. (NYSE:HZO)

Price T Rowe Associates Inc. MD grew its holdings in shares of MarineMax, Inc. (NYSE:HZO) by 23.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,714 shares of the specialty retailer’s stock after purchasing an additional 1,653 shares during the period. Price T Rowe Associates Inc. MD’s holdings in MarineMax were worth $253,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. US Bancorp DE grew its position in shares of MarineMax by 49.6% during the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock worth $51,000 after purchasing an additional 585 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of MarineMax by 6.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 11,776 shares of the specialty retailer’s stock worth $341,000 after acquiring an additional 732 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of MarineMax by 8.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer’s stock worth $413,000 after acquiring an additional 905 shares during the period. Empowered Funds LLC lifted its holdings in shares of MarineMax by 4.7% during the 4th quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer’s stock worth $651,000 after acquiring an additional 1,006 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of MarineMax by 211.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock worth $43,000 after acquiring an additional 1,058 shares during the period. Institutional investors and hedge funds own 92.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

MarineMax Price Performance

Shares of NYSE:HZO opened at $23.43 on Friday. The company has a market cap of $503.20 million, a price-to-earnings ratio of 9.85 and a beta of 1.69. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.24. The firm has a 50 day simple moving average of $21.43 and a 200 day simple moving average of $26.47. MarineMax, Inc. has a one year low of $16.85 and a one year high of $38.20.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.23 EPS for the quarter, beating the consensus estimate of $0.16 by $0.07. The business had revenue of $631.52 million during the quarter, compared to the consensus estimate of $580.12 million. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 EPS. Research analysts predict that MarineMax, Inc. will post 2.41 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.