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

Shares of MarineMax, Inc. (NYSE:HZO) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $30.80.

A number of equities research analysts have commented on the stock. Benchmark reaffirmed a “buy” rating on shares of MarineMax in a research report on Friday, January 30th. Zacks Research raised shares of MarineMax from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Citigroup reaffirmed a “buy” rating on shares of MarineMax in a research report on Wednesday, January 14th. B. Riley Financial reaffirmed a “buy” rating and issued a $29.00 target price (up from $27.00) on shares of MarineMax in a research report on Friday, January 30th. Finally, National Bank Financial set a $35.00 target price on shares of MarineMax in a research report on Friday, January 30th.

MarineMax Trading Up 1.2%

NYSE:HZO opened at $27.49 on Tuesday. 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 has a 12 month low of $16.85 and a 12 month high of $32.00. The company has a market cap of $605.54 million, a PE ratio of -10.26 and a beta of 1.65. The company has a 50 day simple moving average of $27.86 and a two-hundred day simple moving average of $26.19.

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

MarineMax announced that its Board of Directors has initiated a share repurchase plan on Wednesday, March 4th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the specialty retailer to reacquire up to 15.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On MarineMax

A number of hedge funds have recently modified their holdings of HZO. Nisa Investment Advisors LLC grew its position in shares of MarineMax by 54.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 374 shares during the period. Russell Investments Group Ltd. grew its position in shares of MarineMax by 93.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 808 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of MarineMax by 129.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock valued at $135,000 after acquiring an additional 2,996 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of MarineMax during the 1st quarter valued at $168,000. Finally, DRW Securities LLC bought a new stake in shares of MarineMax during the 4th quarter valued at $218,000. 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.