Brokerages Set MarineMax, Inc. (NYSE:HZO) PT at $33.00

MarineMax, Inc. (NYSE:HZO) has received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $33.00.

Several analysts have recently weighed in on the stock. Citigroup reiterated a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Weiss Ratings upgraded shares of MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Truist Financial lifted their price objective on MarineMax from $34.00 to $39.00 and gave the company a “buy” rating in a report on Monday, July 6th. Finally, B. Riley Financial reiterated a “buy” rating on shares of MarineMax in a research note on Friday, April 24th.

MarineMax Stock Performance

Shares of NYSE HZO opened at $34.47 on Thursday. The firm has a market capitalization of $759.44 million, a price-to-earnings ratio of -11.73 and a beta of 1.58. MarineMax has a one year low of $21.41 and a one year high of $38.14. The business has a fifty day simple moving average of $34.52 and a 200 day simple moving average of $30.29. The company has a current ratio of 1.18, a quick ratio of 0.32 and a debt-to-equity ratio of 0.36.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. MarineMax had a negative net margin of 2.83% and a positive return on equity of 0.68%. The firm had revenue of $527.41 million for the quarter, compared to the consensus estimate of $617.21 million. During the same quarter in the previous year, the company earned $0.23 earnings per share. The business’s revenue was down 16.5% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Sell-side analysts expect that MarineMax will post 0.74 EPS for the current year.

Institutional Trading of MarineMax

Large investors have recently bought and sold shares of the stock. Invesco Ltd. increased its position in shares of MarineMax by 115.6% during the 2nd quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock worth $18,002,000 after purchasing an additional 383,926 shares in the last quarter. CenterBook Partners LP boosted its position in MarineMax by 74.7% in the fourth quarter. CenterBook Partners LP now owns 532,452 shares of the specialty retailer’s stock valued at $12,901,000 after buying an additional 227,734 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in MarineMax by 857,142.9% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 180,021 shares of the specialty retailer’s stock valued at $4,871,000 after buying an additional 180,000 shares in the last quarter. Pacer Advisors Inc. bought a new stake in MarineMax during the first quarter worth about $4,050,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of MarineMax by 69.3% during the first quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock worth $7,496,000 after buying an additional 142,775 shares in the last quarter. 92.85% of the stock is currently owned by institutional investors.

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.