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

Shares of MarineMax, Inc. (NYSE:HZO) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $33.00.

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

Institutional Investors Weigh In On MarineMax

Several hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in shares of MarineMax by 22.8% during the second quarter. GAMMA Investing LLC now owns 1,941 shares of the specialty retailer’s stock worth $71,000 after buying an additional 360 shares during the period. Pacer Advisors Inc. acquired a new position in MarineMax in the 1st quarter valued at about $4,050,000. Bank of America Corp DE raised its stake in MarineMax by 19.8% during the 1st quarter. Bank of America Corp DE now owns 151,964 shares of the specialty retailer’s stock valued at $4,112,000 after acquiring an additional 25,063 shares during the last quarter. RBF Capital LLC lifted its position in MarineMax by 32.8% during the 1st quarter. RBF Capital LLC now owns 106,830 shares of the specialty retailer’s stock worth $2,891,000 after acquiring an additional 26,410 shares during the period. Finally, Empowered Funds LLC lifted its position in MarineMax by 9.8% during the 1st quarter. Empowered Funds LLC now owns 103,784 shares of the specialty retailer’s stock worth $2,808,000 after acquiring an additional 9,262 shares during the period. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Stock Performance

Shares of HZO stock opened at $34.80 on Thursday. The stock’s 50-day moving average is $34.47 and its two-hundred day moving average is $30.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.32 and a current ratio of 1.18. MarineMax has a 1 year low of $21.41 and a 1 year high of $38.14. The firm has a market cap of $766.53 million, a price-to-earnings ratio of -11.83 and a beta of 1.58.

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