MarineMax (NYSE:HZO) Stock Passes Above 200-Day Moving Average – Here’s What Happened

MarineMax, Inc. (NYSE:HZO)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.18 and traded as high as $28.03. MarineMax shares last traded at $27.3660, with a volume of 334,036 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HZO. Weiss Ratings reiterated a “sell (d)” rating on shares of MarineMax in a report on Wednesday, October 8th. Truist Financial lifted their price target on shares of MarineMax from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Zacks Research cut shares of MarineMax from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Wall Street Zen raised MarineMax from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Loop Capital started coverage on MarineMax in a report on Monday, December 22nd. They set a “buy” rating and a $29.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

MarineMax Trading Down 0.8%

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.32 and a current ratio of 1.20. The stock has a market capitalization of $598.49 million, a price-to-earnings ratio of -17.66 and a beta of 1.65. The firm has a fifty day moving average of $24.43 and a 200-day moving average of $25.18.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, November 13th. The specialty retailer reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.11. The company had revenue of $552.15 million during the quarter, compared to the consensus estimate of $533.05 million. MarineMax had a positive return on equity of 2.00% and a negative net margin of 1.37%.The company’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, equities analysts predict that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal year.

Institutional Trading of MarineMax

A number of hedge funds and other institutional investors have recently made changes to their positions in HZO. Royal Bank of Canada grew its position in shares of MarineMax by 6.9% in the 1st quarter. Royal Bank of Canada now owns 140,829 shares of the specialty retailer’s stock worth $3,027,000 after acquiring an additional 9,050 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of MarineMax by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock worth $278,000 after acquiring an additional 546 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in MarineMax during the 1st quarter worth about $168,000. Goldman Sachs Group Inc. lifted its position in shares of MarineMax by 69.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock valued at $7,496,000 after acquiring an additional 142,775 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its holdings in shares of MarineMax by 3.0% in the second quarter. SummerHaven Investment Management LLC now owns 26,123 shares of the specialty retailer’s stock valued at $657,000 after purchasing an additional 755 shares in the last quarter. Institutional investors own 92.85% of the company’s stock.

MarineMax Company Profile

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.