Public Sector Pension Investment Board Increases Stock Holdings in MarineMax, Inc. $HZO

Key Points

• The Public Sector Pension Investment Board increased its stake in MarineMax, Inc. by 28.6%, acquiring an additional 14,103 shares, bringing its total holdings to approximately 0.29% of the company valued at $1.36 million.
• MarineMax reported $0.49 EPS for the latest quarter, missing expectations of $1.16, with revenues down 13.3% year-over-year.
• Five analysts currently rate MarineMax as a Buy, with a consensus price target of $33.25, and Citigroup recently raised its price target to $32.00.

Public Sector Pension Investment Board grew its stake in shares of MarineMax, Inc. (NYSE:HZO - Free Report) by 28.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 63,338 shares of the specialty retailer's stock after buying an additional 14,103 shares during the period. Public Sector Pension Investment Board owned 0.29% of MarineMax worth $1,362,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HZO. Wells Fargo & Company MN lifted its position in shares of MarineMax by 12.7% during the fourth quarter. Wells Fargo & Company MN now owns 12,961 shares of the specialty retailer's stock worth $375,000 after purchasing an additional 1,456 shares during the last quarter. Raymond James Financial Inc. bought a new stake in MarineMax during the fourth quarter worth approximately $572,000. Jump Financial LLC bought a new stake in MarineMax during the fourth quarter worth approximately $307,000. Price T Rowe Associates Inc. MD raised its holdings in MarineMax by 23.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,714 shares of the specialty retailer's stock worth $253,000 after purchasing an additional 1,653 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in MarineMax in the fourth quarter worth approximately $82,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Price Performance

Shares of HZO stock traded down $0.17 during mid-day trading on Tuesday, hitting $27.60. The company had a trading volume of 67,476 shares, compared to its average volume of 341,218. The stock's 50 day moving average price is $25.21 and its 200-day moving average price is $23.73. MarineMax, Inc. has a 52-week low of $16.85 and a 52-week high of $37.86. The company has a market capitalization of $592.36 million, a P/E ratio of -20.60 and a beta of 1.54. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.21 and a quick ratio of 0.29.

MarineMax (NYSE:HZO - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.67). MarineMax had a negative net margin of 1.15% and a positive return on equity of 2.63%. The firm had revenue of $657.16 million for the quarter, compared to the consensus estimate of $737.82 million. During the same quarter last year, the firm earned $1.51 EPS. The company's revenue was down 13.3% on a year-over-year basis. MarineMax has set its FY 2025 guidance at 0.450-0.950 EPS. Equities research analysts forecast that MarineMax, Inc. will post 2.41 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on HZO shares. B. Riley reiterated a "buy" rating on shares of MarineMax in a research report on Friday, July 25th. Wall Street Zen lowered shares of MarineMax from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, Citigroup reaffirmed a "buy" rating and issued a $32.00 price target (up previously from $29.00) on shares of MarineMax in a report on Monday, June 16th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $33.25.

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.