Legal & General Group Plc Makes New $1.58 Million Investment in MarineMax, Inc. $HZO

Legal & General Group Plc bought a new stake in shares of MarineMax, Inc. (NYSE:HZO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 43,206 shares of the specialty retailer's stock, valued at approximately $1,582,000. Legal & General Group Plc owned about 0.20% of MarineMax as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. increased its holdings in MarineMax by 93.5% in the third quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer's stock valued at $42,000 after purchasing an additional 808 shares during the last quarter. GAMMA Investing LLC grew its position 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 period. Fifth Third Bancorp increased its stake in shares of MarineMax by 3,613.3% in the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer's stock valued at $114,000 after acquiring an additional 4,083 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MarineMax by 129.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer's stock valued at $135,000 after acquiring an additional 2,996 shares during the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of MarineMax in the 2nd quarter valued at approximately $214,000. 92.85% of the stock is currently owned by institutional investors.

MarineMax Trading Up 0.1%

HZO opened at $52.22 on Monday. The stock has a market capitalization of $1.15 billion, a P/E ratio of 373.00 and a beta of 1.66. The company has a current ratio of 1.23, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. MarineMax, Inc. has a 12 month low of $21.42 and a 12 month high of $52.46. The firm's fifty day simple moving average is $41.86 and its 200 day simple moving average is $34.53.

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 (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $611.26 million during the quarter, compared to analyst estimates of $682.29 million. MarineMax had a net margin of 0.18% and a return on equity of 1.51%. The business's revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($2.42) EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, research analysts anticipate that MarineMax, Inc. will post 0.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HZO shares. Benchmark cut shares of MarineMax from a "buy" rating to a "hold" rating in a report on Monday, August 10th. Loop Capital cut shares of MarineMax from a "buy" rating to a "hold" rating and set a $53.00 price target on the stock. in a research report on Tuesday, August 11th. Weiss Ratings raised shares of MarineMax from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, July 24th. B. Riley Financial cut shares of MarineMax from a "buy" rating to a "neutral" rating and set a $35.00 price objective for the company. in a research report on Tuesday, July 21st. Finally, Truist Financial downgraded MarineMax from a "buy" rating to a "hold" rating and raised their price objective for the stock from $39.00 to $53.00 in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $43.00.

MarineMax 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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