MarineMax, Inc. (NYSE:HZO) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on MarineMax, with seven holds and one buy among eight analysts. The average 12-month price target is $43.00.
• MarineMax reported quarterly revenue of $611.26 million, down 7.0% year over year and below expectations, while adjusted earnings of $0.81 per share narrowly missed estimates by $0.01.
• Shares opened at $52.38, near their 52-week high of $52.56, while institutional investors own approximately 92.85% of the company’s stock.

MarineMax, Inc. (NYSE:HZO - Get Free Report) has been given a consensus recommendation of "Hold" by the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $43.00.

Several research firms recently issued reports on HZO. Truist Financial lowered MarineMax from a "buy" rating to a "hold" rating and increased their target price for the stock from $39.00 to $53.00 in a research note on Wednesday, August 12th. Weiss Ratings upgraded shares of MarineMax from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, July 24th. Benchmark downgraded MarineMax from a "buy" rating to a "hold" rating in a report on Monday, August 10th. Northcoast Research downgraded shares of MarineMax from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 12th. Finally, Loop Capital downgraded MarineMax from a "buy" rating to a "hold" rating and set a $53.00 price target on the stock. in a research note on Tuesday, August 11th.

MarineMax Stock Down 0.1%

HZO stock opened at $52.38 on Tuesday. MarineMax has a one year low of $21.42 and a one year high of $52.56. The firm's 50 day moving average price is $47.39 and its 200-day moving average price is $37.17. The firm has a market cap of $1.16 billion, a PE ratio of 374.11 and a beta of 1.66. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 1.23.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of HZO. Public Employees Retirement System of Ohio purchased a new position in MarineMax during the second quarter worth about $59,000. GAMMA Investing LLC raised its stake in shares of MarineMax by 22.8% during the 2nd 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 last quarter. Fifth Third Bancorp raised 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 worth $114,000 after acquiring an additional 4,083 shares during the last quarter. Arizona State Retirement System purchased a new stake in MarineMax in the 2nd quarter valued at approximately $200,000. Finally, Ieq Capital LLC purchased a new stake in shares of MarineMax in the second quarter valued at $214,000. Institutional investors and hedge funds own 92.85% of the company's stock.

About MarineMax

MarineMax, Inc is a recreational-boat retailer and services company based in Clearwater, Florida. The company sells new and pre-owned powerboats and yachts from a range of manufacturers, serving consumers seeking boats for cruising, fishing, watersports and other leisure activities.

In addition to boat sales, MarineMax provides related services including brokerage, financing, insurance, maintenance, repair, parts and storage. Its operations also include marinas and boating-related hospitality or charter services in select markets, allowing the company to support customers throughout the ownership lifecycle.

MarineMax primarily serves customers in the United States through a network of dealerships and marinas, with a particularly strong presence in Florida and other coastal markets, as well as locations in regions such as the Northeast, Midwest, Southeast and Texas.

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