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

MarineMax, Inc. (NYSE:HZO) has been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $35.40.

HZO has been the subject of a number of analyst reports. Northcoast Research set a $39.00 price objective on MarineMax in a research note on Friday, July 24th. Weiss Ratings upgraded MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 24th. B. Riley Financial cut MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a research note on Tuesday, July 21st. Truist Financial increased their price target on shares of MarineMax from $34.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Finally, Citigroup reissued a “buy” rating on shares of MarineMax in a research note on Friday, April 24th.

MarineMax Trading Down 0.2%

Shares of NYSE HZO opened at $35.62 on Monday. MarineMax has a fifty-two week low of $21.42 and a fifty-two week high of $38.14. The firm has a market capitalization of $786.96 million, a P/E ratio of 254.46 and a beta of 1.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.34. The company’s 50 day simple moving average is $34.83 and its 200 day simple moving average is $31.21.

MarineMax (NYSE:HZO) last released its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The business had revenue of $611.26 million for the quarter, compared to analyst estimates of $682.29 million. MarineMax had a return on equity of 1.51% and a net margin of 0.18%.MarineMax’s revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($2.42) EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, analysts predict that MarineMax will post 0.69 EPS for the current year.

Hedge Funds Weigh In On MarineMax

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in MarineMax by 6.9% during the 1st quarter. Royal Bank of Canada now owns 140,829 shares of the specialty retailer’s stock worth $3,027,000 after buying an additional 9,050 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of MarineMax by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock worth $278,000 after purchasing an additional 546 shares during the period. Jones Financial Companies Lllp bought a new position in shares of MarineMax during the 1st quarter valued at about $168,000. Goldman Sachs Group Inc. lifted its holdings in shares of MarineMax by 69.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock valued at $7,496,000 after purchasing an additional 142,775 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of MarineMax by 115.6% in the 2nd quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock valued at $18,002,000 after purchasing an additional 383,926 shares during the period. 92.85% of the stock is 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.