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

Raymond James Financial Inc. purchased a new stake in shares of MarineMax, Inc. (NYSE:HZO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 19,742 shares of the specialty retailer's stock, valued at approximately $572,000. Raymond James Financial Inc. owned about 0.09% of MarineMax at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Invesco Ltd. lifted its position in MarineMax by 17.3% during the fourth quarter. Invesco Ltd. now owns 347,481 shares of the specialty retailer's stock valued at $10,060,000 after purchasing an additional 51,352 shares during the last quarter. Wells Fargo & Company MN lifted its holdings 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 acquiring an additional 1,456 shares during the last quarter. Vanguard Group Inc. grew its position in MarineMax by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,494,999 shares of the specialty retailer's stock worth $43,280,000 after acquiring an additional 20,909 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in MarineMax in the fourth quarter valued at $113,000. Finally, Sei Investments Co. raised its position in MarineMax by 19.5% during the fourth quarter. Sei Investments Co. now owns 339,291 shares of the specialty retailer's stock valued at $9,822,000 after purchasing an additional 55,259 shares in the last quarter. Hedge funds and other institutional investors own 92.85% of the company's stock.

Analysts Set New Price Targets

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

MarineMax Trading Up 1.1%

HZO traded up $0.27 during trading on Wednesday, hitting $24.26. 60,702 shares of the stock traded hands, compared to its average volume of 352,349. The firm has a 50-day moving average of $21.46 and a 200 day moving average of $26.59. MarineMax, Inc. has a 12-month low of $16.85 and a 12-month high of $38.20. The firm has a market capitalization of $520.93 million, a P/E ratio of 10.19 and a beta of 1.69. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.24.

MarineMax (NYSE:HZO - Get Free Report) last posted its 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 company had revenue of $631.52 million for the quarter, compared to analysts' expectations of $580.12 million. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. MarineMax's quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. Equities research analysts anticipate that MarineMax, Inc. will post 2.41 EPS for the current year.

MarineMax Profile

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.