MarineMax, Inc. (NYSE:HZO) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in shares of MarineMax, Inc. (NYSE:HZO - Free Report) by 1.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,460,104 shares of the specialty retailer's stock after selling 21,637 shares during the period. Dimensional Fund Advisors LP owned approximately 6.43% of MarineMax worth $42,268,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HZO. Oliver Luxxe Assets LLC acquired a new stake in shares of MarineMax during the 4th quarter valued at about $1,316,000. Invesco Ltd. raised its position 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 acquiring an additional 51,352 shares during the period. Raymond James Financial Inc. acquired a new position in shares of MarineMax during the 4th quarter worth about $572,000. Acuitas Investments LLC boosted its holdings in MarineMax by 9.3% in the 4th quarter. Acuitas Investments LLC now owns 83,800 shares of the specialty retailer's stock worth $2,426,000 after buying an additional 7,131 shares during the last quarter. Finally, SWS Partners acquired a new stake in shares of MarineMax in the fourth quarter worth approximately $595,000. Hedge funds and other institutional investors own 92.85% of the company's stock.

Wall Street Analysts Forecast Growth

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

MarineMax Stock Down 3.2 %

HZO stock traded down $0.71 during midday trading on Tuesday, hitting $21.24. The company's stock had a trading volume of 335,133 shares, compared to its average volume of 303,964. The firm has a market capitalization of $456.07 million, a P/E ratio of 8.92 and a beta of 1.68. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. MarineMax, Inc. has a 52-week low of $16.85 and a 52-week high of $38.20. The firm has a 50-day simple moving average of $21.70 and a 200-day simple moving average of $26.87.

MarineMax (NYSE:HZO - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.23 EPS for the quarter, topping the consensus estimate of $0.16 by $0.07. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. The company had revenue of $631.52 million during the quarter, compared to analysts' expectations of $580.12 million. During the same quarter in the previous year, the business posted $0.18 EPS. The firm's revenue was up 8.3% on a year-over-year basis. As a group, equities analysts forecast 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.