MarineMax, Inc. (NYSE:HZO) Receives Average Recommendation of “Moderate Buy” from Brokerages

MarineMax, Inc. (NYSE:HZOGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have assigned 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 $36.75.

HZO has been the subject of a number of recent analyst reports. DA Davidson reaffirmed a “buy” rating and set a $34.00 target price on shares of MarineMax in a research report on Friday, March 15th. Truist Financial cut their price target on MarineMax from $40.00 to $35.00 and set a “buy” rating for the company in a report on Friday, April 26th. Finally, Stifel Nicolaus dropped their price objective on shares of MarineMax from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, April 26th.

View Our Latest Analysis on HZO

MarineMax Price Performance

Shares of HZO opened at $32.37 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.24 and a quick ratio of 0.34. The company has a market capitalization of $721.88 million, a price-to-earnings ratio of 11.73 and a beta of 1.80. The business’s 50-day moving average is $29.49 and its 200-day moving average is $31.33. MarineMax has a fifty-two week low of $22.51 and a fifty-two week high of $42.88.

MarineMax (NYSE:HZOGet Free Report) last released its earnings results on Thursday, April 25th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.55). MarineMax had a return on equity of 7.66% and a net margin of 2.56%. The company had revenue of $582.90 million during the quarter, compared to analysts’ expectations of $590.19 million. During the same quarter in the previous year, the company earned $1.23 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts expect that MarineMax will post 2.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HZO. Bfsg LLC bought a new position in MarineMax in the 4th quarter valued at $133,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in MarineMax by 25.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,472 shares of the specialty retailer’s stock valued at $135,000 after buying an additional 696 shares during the last quarter. Arizona State Retirement System acquired a new stake in shares of MarineMax in the 4th quarter valued at $214,000. Capstone Investment Advisors LLC bought a new stake in shares of MarineMax during the fourth quarter worth $220,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of MarineMax by 17.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,158 shares of the specialty retailer’s stock valued at $205,000 after acquiring an additional 924 shares during the period. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Company Profile

(Get Free Report

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.

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Analyst Recommendations for MarineMax (NYSE:HZO)

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