19,742 Shares in MarineMax, Inc. (NYSE:HZO) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in MarineMax, Inc. (NYSE:HZO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,742 shares of the specialty retailer's stock, valued at approximately $572,000. Raymond James Financial Inc. owned 0.09% of MarineMax as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Invesco Ltd. raised its holdings in MarineMax by 17.3% during the fourth quarter. Invesco Ltd. now owns 347,481 shares of the specialty retailer's stock worth $10,060,000 after purchasing an additional 51,352 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of MarineMax by 12.7% during the 4th quarter. Wells Fargo & Company MN now owns 12,961 shares of the specialty retailer's stock worth $375,000 after buying an additional 1,456 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of MarineMax by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 1,494,999 shares of the specialty retailer's stock worth $43,280,000 after purchasing an additional 20,909 shares during the period. KLP Kapitalforvaltning AS purchased a new position in MarineMax in the fourth quarter valued at about $113,000. Finally, Sei Investments Co. raised its holdings in MarineMax by 19.5% during the fourth quarter. Sei Investments Co. now owns 339,291 shares of the specialty retailer's stock worth $9,822,000 after purchasing an additional 55,259 shares during the last quarter. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Truist Financial reduced their target price on shares of MarineMax from $38.00 to $26.00 and set a "buy" rating on the stock in a report on Monday, April 14th. B. Riley upgraded shares of MarineMax to a "strong-buy" rating in a research note on Wednesday, February 12th. DA Davidson reduced their price target on MarineMax from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. StockNews.com upgraded shares of MarineMax from a "sell" rating to a "hold" rating in a research note on Friday, January 24th. Finally, Benchmark reaffirmed a "buy" rating and issued a $40.00 price objective on shares of MarineMax in a report on Friday, January 24th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, MarineMax has a consensus rating of "Buy" and an average price target of $38.50.

MarineMax Price Performance

HZO stock traded down $0.32 during trading on Friday, hitting $21.59. The company had a trading volume of 222,535 shares, compared to its average volume of 305,361. The company has a market cap of $463.60 million, a P/E ratio of 9.07 and a beta of 1.69. The company has a fifty day moving average price of $21.44 and a two-hundred day moving average price of $26.67. MarineMax, Inc. has a fifty-two week low of $16.85 and a fifty-two week high of $38.20. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35.

MarineMax (NYSE:HZO - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.07. The business had revenue of $631.52 million for the quarter, compared to analyst estimates of $580.12 million. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. During the same period last year, the company earned $0.18 EPS. The firm's revenue was up 8.3% on a year-over-year basis. Equities research analysts expect that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal year.

About MarineMax

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.