MarineMax, Inc. (NYSE:HZO) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on MarineMax, with seven hold ratings and one buy rating; the average 12-month price target is $43, below the reported share price of $52.20.
• Several firms recently downgraded the stock from buy or strong-buy to hold, neutral, or similar ratings, reflecting more cautious sentiment.
• MarineMax’s latest quarter fell slightly short of estimates, with EPS of $0.81 versus $0.82 expected and revenue of $611.26 million versus $682.29 million; revenue declined 7% year over year.

MarineMax, Inc. (NYSE:HZO - Get Free Report) has been given a consensus rating of "Hold" by the eight brokerages that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $43.00.

Several analysts recently commented on the company. Weiss Ratings raised MarineMax from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, July 24th. Loop Capital downgraded MarineMax from a "buy" rating to a "hold" rating and set a $53.00 target price on the stock. in a report on Tuesday, August 11th. Benchmark cut MarineMax from a "buy" rating to a "hold" rating in a research report on Monday, August 10th. B. Riley Financial downgraded MarineMax from a "buy" rating to a "neutral" rating and set a $35.00 price target for the company. in a research note on Tuesday, July 21st. Finally, Northcoast Research cut shares of MarineMax from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. grew its position in shares of MarineMax by 93.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer's stock valued at $42,000 after acquiring an additional 808 shares during the period. Public Employees Retirement System of Ohio bought a new position in MarineMax in the 2nd quarter worth $59,000. GAMMA Investing LLC lifted its position in MarineMax by 22.8% during the second quarter. GAMMA Investing LLC now owns 1,941 shares of the specialty retailer's stock valued at $71,000 after purchasing an additional 360 shares in the last quarter. Fifth Third Bancorp lifted its position in MarineMax by 3,613.3% during the first quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer's stock valued at $114,000 after purchasing an additional 4,083 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in MarineMax by 129.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer's stock valued at $135,000 after purchasing an additional 2,996 shares during the period. Hedge funds and other institutional investors own 92.85% of the company's stock.

MarineMax Stock Up 0.2%

Shares of MarineMax stock opened at $52.20 on Friday. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 372.86 and a beta of 1.66. The company's 50 day moving average is $41.57 and its 200 day moving average is $34.37. MarineMax has a twelve month low of $21.42 and a twelve month high of $52.46. The company has a quick ratio of 0.34, a current ratio of 1.23 and a debt-to-equity ratio of 0.35.

MarineMax (NYSE:HZO - Get Free Report) last posted its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The company had revenue of $611.26 million during the quarter, compared to the consensus estimate of $682.29 million. MarineMax had a return on equity of 1.51% and a net margin of 0.18%.The company's revenue for the quarter was down 7.0% on a year-over-year basis. During the same period last year, the firm posted ($2.42) EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Research analysts anticipate that MarineMax will post 0.69 EPS for the current year.

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.

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