MarineMax, Inc. (NYSE:HZO) Receives $32.50 Average Target Price from Analysts

MarineMax, Inc. (NYSE:HZO) has been assigned an average recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $30.00.

Several brokerages have recently issued reports on HZO. Zacks Research cut 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 research note on Saturday, November 22nd. Loop Capital initiated coverage on MarineMax in a report on Monday, December 22nd. They set a “buy” rating and a $29.00 price objective on the stock. Citigroup reissued a “buy” rating on shares of MarineMax in a report on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of MarineMax in a research note on Thursday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its position in MarineMax by 6.9% during the first quarter. Royal Bank of Canada now owns 140,829 shares of the specialty retailer’s stock valued at $3,027,000 after purchasing an additional 9,050 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of MarineMax by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock valued at $278,000 after purchasing an additional 546 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in MarineMax during the 1st quarter valued at $168,000. Goldman Sachs Group Inc. lifted its position in MarineMax by 69.3% in 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 during the last quarter. Finally, SummerHaven Investment Management LLC boosted its stake in MarineMax by 3.0% during the second quarter. SummerHaven Investment Management LLC now owns 26,123 shares of the specialty retailer’s stock worth $657,000 after buying an additional 755 shares during the period. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Price Performance

HZO stock opened at $28.15 on Thursday. 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 company’s fifty day moving average price is $25.20 and its 200-day moving average price is $25.27. MarineMax has a one year low of $16.85 and a one year high of $32.97. The company has a market capitalization of $620.10 million, a PE ratio of -18.16 and a beta of 1.65.

MarineMax (NYSE:HZO) last posted 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 analysts’ expectations of $533.05 million. MarineMax had a negative net margin of 1.37% and a positive return on equity of 2.00%. MarineMax’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the company posted $0.24 earnings per share. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, equities analysts anticipate that MarineMax will post 2.41 EPS for the current fiscal year.

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.