MarineMax, Inc. (NYSE:HZO) Given Consensus Rating of “Buy” by Brokerages

MarineMax, Inc. (NYSE:HZO) has been given a consensus rating of “Buy” by the five brokerages that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $33.25.

A number of analysts have commented on HZO shares. Wall Street Zen downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Citigroup restated a “buy” rating and set a $32.00 price target (up from $29.00) on shares of MarineMax in a research report on Monday, June 16th. Finally, B. Riley restated a “buy” rating on shares of MarineMax in a research report on Friday, July 25th.

MarineMax Trading Up 10.0%

MarineMax stock opened at $28.1380 on Monday. The company has a quick ratio of 0.29, a current ratio of 1.21 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average price of $25.17 and a two-hundred day moving average price of $23.75. The firm has a market capitalization of $603.84 million, a price-to-earnings ratio of -21.00 and a beta of 1.54. MarineMax has a 52-week low of $16.85 and a 52-week high of $37.86.

MarineMax (NYSE:HZO) last posted its earnings results on Thursday, July 24th. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.67). The firm had revenue of $657.16 million for the quarter, compared to analyst estimates of $737.82 million. MarineMax had a negative net margin of 1.15% and a positive return on equity of 2.63%. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.51 earnings per share. MarineMax has set its FY 2025 guidance at 0.450-0.950 EPS. Sell-side analysts expect that MarineMax will post 2.41 earnings per share for the current year.

Institutional Trading of MarineMax

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its holdings in MarineMax by 52.7% during the second quarter. PNC Financial Services Group Inc. now owns 1,351 shares of the specialty retailer’s stock worth $34,000 after buying an additional 466 shares in the last quarter. State of Wyoming bought a new stake in MarineMax during the first quarter worth approximately $41,000. MTM Investment Management LLC bought a new stake in MarineMax during the second quarter worth approximately $42,000. Aquatic Capital Management LLC bought a new stake in MarineMax during the fourth quarter worth approximately $82,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in MarineMax by 12.8% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 5,008 shares of the specialty retailer’s stock worth $126,000 after buying an additional 567 shares in the last quarter. 92.85% of the stock is currently owned by 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.