MarineMax, Inc. (NYSE:HZO) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of MarineMax, Inc. (NYSE:HZO) have been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $30.80.

Several analysts have weighed in on HZO shares. Wall Street Zen raised shares of MarineMax from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Loop Capital initiated coverage on MarineMax in a report on Monday, December 22nd. They issued a “buy” rating and a $29.00 price objective on the stock. B. Riley Financial reissued a “buy” rating and issued a $29.00 target price (up previously from $27.00) on shares of MarineMax in a research note on Friday, January 30th. Zacks Research upgraded MarineMax from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, National Bank Financial set a $35.00 price target on MarineMax in a research note on Friday, January 30th.

MarineMax Stock Performance

Shares of NYSE HZO opened at $29.01 on Monday. The stock’s 50-day moving average is $26.81 and its 200 day moving average is $25.67. The stock has a market cap of $639.00 million, a price-to-earnings ratio of -10.82 and a beta of 1.69. MarineMax has a 1-year low of $16.85 and a 1-year high of $31.60. The company has a current ratio of 1.19, a quick ratio of 0.29 and a debt-to-equity ratio of 0.37.

MarineMax (NYSE:HZO) last issued its earnings results on Thursday, January 29th. The specialty retailer reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.09). The firm had revenue of $505.18 million during the quarter, compared to analysts’ expectations of $481.67 million. MarineMax had a positive return on equity of 1.13% and a negative net margin of 2.46%.The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 EPS. On average, sell-side analysts anticipate that MarineMax will post 2.41 EPS for the current fiscal year.

Institutional Investors Weigh In On MarineMax

Institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its stake in shares of MarineMax by 54.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 374 shares during the period. PNC Financial Services Group Inc. raised its holdings in MarineMax by 52.7% in the second quarter. PNC Financial Services Group Inc. now owns 1,351 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 466 shares in the last quarter. MTM Investment Management LLC bought a new position in MarineMax in the second quarter worth $42,000. Russell Investments Group Ltd. lifted its position in MarineMax by 93.5% during the third quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 808 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of MarineMax by 12.8% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,008 shares of the specialty retailer’s stock valued at $126,000 after buying an additional 567 shares in the last quarter. Hedge funds and other institutional investors own 92.85% of the company’s stock.

About MarineMax

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.