Northern Trust Corp Has $6.55 Million Stake in MarineMax, Inc. (NYSE:HZO)

Northern Trust Corp raised its position in shares of MarineMax, Inc. (NYSE:HZO) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,140 shares of the specialty retailer’s stock after acquiring an additional 18,765 shares during the period. Northern Trust Corp owned approximately 1.00% of MarineMax worth $6,547,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake 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 during the period. US Bancorp DE increased 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 purchasing an additional 585 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of MarineMax in the fourth quarter valued at approximately $82,000. KLP Kapitalforvaltning AS acquired a new stake in shares of MarineMax in the fourth quarter valued at approximately $113,000. Finally, Quantbot Technologies LP acquired a new stake in shares of MarineMax in the fourth quarter valued at approximately $129,000. 92.85% of the stock is currently owned by institutional investors.

MarineMax Trading Down 0.9%

NYSE:HZO opened at $23.23 on Tuesday. MarineMax, Inc. has a 12 month low of $16.85 and a 12 month high of $38.20. The stock has a market capitalization of $498.82 million, a price-to-earnings ratio of 9.76 and a beta of 1.69. The firm has a fifty day simple moving average of $21.42 and a two-hundred day simple moving average of $26.38. 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 (NYSE:HZO) last released its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The firm had revenue of $631.52 million for the quarter, compared to analyst estimates of $580.12 million. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $0.18 earnings per share. Analysts expect that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.