MarineMax (NYSE:HZO) Stock Price Up 8.1% – Still a Buy?

Shares of MarineMax, Inc. (NYSE:HZO) traded up 8.1% during mid-day trading on Tuesday . The stock traded as high as $29.47 and last traded at $29.5640. 213,626 shares were traded during trading, a decline of 51% from the average session volume of 432,535 shares. The stock had previously closed at $27.35.

Analyst Ratings Changes

HZO has been the topic of several research reports. Loop Capital initiated coverage on shares of MarineMax in a research note on Monday, December 22nd. They issued a “buy” rating and a $29.00 price target on the stock. Wall Street Zen upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MarineMax in a report on Thursday, January 22nd. Benchmark reiterated a “buy” rating on shares of MarineMax in a research note on Friday, January 30th. Finally, Citigroup reissued a “buy” rating on shares of MarineMax in a research report on Wednesday, January 14th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.80.

MarineMax Stock Up 9.4%

The company has a quick ratio of 0.29, a current ratio of 1.19 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $27.19 and a two-hundred day moving average of $25.91. The firm has a market capitalization of $659.05 million, a price-to-earnings ratio of -11.17 and a beta of 1.69.

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). The company had revenue of $505.18 million during the quarter, compared to the consensus estimate 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 revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $0.17 EPS. As a group, sell-side analysts anticipate that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

Institutional Investors Weigh In On MarineMax

Several hedge funds have recently modified their holdings of the company. American Century Companies Inc. boosted its stake in shares of MarineMax by 16.6% during the second quarter. American Century Companies Inc. now owns 2,432,173 shares of the specialty retailer’s stock valued at $61,145,000 after purchasing an additional 345,833 shares in the last quarter. State Street Corp raised its holdings in MarineMax by 11.0% in the 4th quarter. State Street Corp now owns 953,009 shares of the specialty retailer’s stock valued at $23,091,000 after buying an additional 94,356 shares during the last quarter. Boothbay Fund Management LLC raised its holdings in MarineMax by 13.0% in the 4th quarter. Boothbay Fund Management LLC now owns 774,918 shares of the specialty retailer’s stock valued at $18,776,000 after buying an additional 89,080 shares during the last quarter. Levin Capital Strategies L.P. boosted its position in MarineMax by 44.5% during the 2nd quarter. Levin Capital Strategies L.P. now owns 734,279 shares of the specialty retailer’s stock worth $18,460,000 after buying an additional 225,992 shares during the period. Finally, Invesco Ltd. grew its holdings in 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 acquiring an additional 383,926 shares during the last quarter. Institutional investors and hedge funds 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.