MarineMax (NYSE:HZO) Price Target Raised to $32.00 at Citigroup

MarineMax (NYSE:HZO) had its price objective raised by Citigroup from $29.00 to $32.00 in a research note released on Monday morning,Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

Separately, Truist Financial cut their price objective on shares of MarineMax from $38.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $36.50.

MarineMax Price Performance

HZO stock opened at $25.44 on Monday. MarineMax has a one year low of $16.85 and a one year high of $38.20. The company’s fifty day moving average price is $21.77 and its 200-day moving average price is $25.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.19. The company has a market capitalization of $546.27 million, a PE ratio of 10.69 and a beta of 1.58.

MarineMax (NYSE:HZO) last released 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. 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 quarter last year, the business earned $0.18 earnings per share. MarineMax’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities analysts anticipate that MarineMax will post 2.41 EPS for the current fiscal year.

Institutional Trading of MarineMax

A number of hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of MarineMax by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,375 shares of the specialty retailer’s stock valued at $358,000 after purchasing an additional 532 shares during the last quarter. US Bancorp DE raised its position in shares of MarineMax by 49.6% in the 4th 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 during the last quarter. SWS Partners raised its position in shares of MarineMax by 3.4% in the 1st quarter. SWS Partners now owns 21,243 shares of the specialty retailer’s stock valued at $457,000 after purchasing an additional 691 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in MarineMax by 6.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 11,776 shares of the specialty retailer’s stock worth $341,000 after buying an additional 732 shares during the period. Finally, Empowered Funds LLC increased its holdings in MarineMax by 4.7% in the 4th quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer’s stock worth $651,000 after buying an additional 1,006 shares during the period. 92.85% of the stock is owned by hedge funds and other institutional investors.

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.