Bank of America Corp DE Purchases 67,802 Shares of MarineMax, Inc. $HZO

Key Points

• Bank of America purchased 67,802 MarineMax shares in the second quarter, valued at approximately $2.48 million, while institutional investors collectively own 92.85% of the company.
• MarineMax reported quarterly revenue of $611.3 million, down 7% year over year, and adjusted earnings of $0.81 per share—slightly below analyst expectations. The company issued fiscal 2026 EPS guidance of $0.40 to $0.95.
• Analyst sentiment has weakened, with several firms downgrading the stock to “Hold.” MarineMax has an average rating of “Hold” and a consensus price target of $43, below its reported opening price of $52.33.

Bank of America Corp DE purchased a new stake in MarineMax, Inc. (NYSE:HZO - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 67,802 shares of the specialty retailer's stock, valued at approximately $2,483,000. Bank of America Corp DE owned about 0.31% of MarineMax as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of HZO. BlackRock Inc. bought a new position in shares of MarineMax during the second quarter valued at $116,412,000. Boothbay Fund Management LLC grew its position in shares of MarineMax by 13.0% in the 4th quarter. Boothbay Fund Management LLC now owns 774,918 shares of the specialty retailer's stock valued at $18,776,000 after buying an additional 89,080 shares during the last quarter. CenterBook Partners LP increased its stake in shares of MarineMax by 74.7% in the fourth quarter. CenterBook Partners LP now owns 532,452 shares of the specialty retailer's stock valued at $12,901,000 after buying an additional 227,734 shares during the period. Gagnon Securities LLC raised its position in shares of MarineMax by 23.2% during the fourth quarter. Gagnon Securities LLC now owns 322,053 shares of the specialty retailer's stock worth $7,803,000 after acquiring an additional 60,704 shares during the last quarter. Finally, De Lisle Partners LLP bought a new position in shares of MarineMax during the second quarter worth about $6,170,000. Institutional investors and hedge funds own 92.85% of the company's stock.

MarineMax Stock Performance

NYSE HZO opened at $52.33 on Thursday. MarineMax, Inc. has a 1 year low of $21.42 and a 1 year high of $52.56. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.34. The company has a fifty day moving average price of $48.16 and a 200-day moving average price of $37.53. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 373.75 and a beta of 1.66.

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

Analyst Ratings Changes

A number of research firms have issued reports on HZO. B. Riley Financial cut MarineMax from a "buy" rating to a "neutral" rating and set a $35.00 price target on the stock. in a report on Tuesday, July 21st. Northcoast Research lowered shares of MarineMax from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 12th. Truist Financial downgraded shares of MarineMax from a "buy" rating to a "hold" rating and boosted their target price for the company from $39.00 to $53.00 in a research report on Wednesday, August 12th. Loop Capital downgraded MarineMax from a "buy" rating to a "hold" rating and set a $53.00 target price for the company. in a research note on Tuesday, August 11th. Finally, Benchmark downgraded MarineMax from a "buy" rating to a "hold" rating in a research note on Monday, August 10th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $43.00.

MarineMax Company Profile

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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