Royal Bank of Canada Trims Position in MarineMax, Inc. $HZO

Key Points

• Royal Bank of Canada cut its MarineMax stake by 96.8% in the first quarter, selling 180,187 shares and retaining 5,929 shares worth approximately $160,000.
• MarineMax reported quarterly revenue of $611.3 million, down 7% year over year and below estimates, while earnings of $0.81 per share narrowly missed 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 share price of $52.18.

Royal Bank of Canada cut its stake in shares of MarineMax, Inc. (NYSE:HZO - Free Report) by 96.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,929 shares of the specialty retailer's stock after selling 180,187 shares during the period. Royal Bank of Canada's holdings in MarineMax were worth $160,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC increased its holdings in MarineMax by 857,142.9% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 180,021 shares of the specialty retailer's stock worth $4,871,000 after acquiring an additional 180,000 shares during the period. Simcoe Capital LLC purchased a new stake in MarineMax in the 4th quarter worth approximately $3,317,000. Prescott Group Capital Management L.L.C. boosted its holdings in MarineMax by 64.1% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 132,601 shares of the specialty retailer's stock valued at $3,213,000 after purchasing an additional 51,808 shares during the period. Gagnon Securities LLC boosted its holdings in MarineMax by 23.2% in the 4th quarter. Gagnon Securities LLC now owns 322,053 shares of the specialty retailer's stock valued at $7,803,000 after purchasing an additional 60,704 shares during the period. Finally, CenterBook Partners LP grew its position in shares of MarineMax by 74.7% during the 4th quarter. CenterBook Partners LP now owns 532,452 shares of the specialty retailer's stock valued at $12,901,000 after purchasing an additional 227,734 shares in the last quarter. 92.85% of the stock is currently owned by institutional investors.

MarineMax Price Performance

HZO stock opened at $52.18 on Friday. 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, Inc. has a 52 week low of $21.42 and a 52 week high of $52.46. The firm's fifty day moving average is $40.27 and its 200 day moving average is $33.68. The firm has a market cap of $1.15 billion, a P/E ratio of 372.71 and a beta of 1.58.

MarineMax (NYSE:HZO - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $682.29 million. During the same period in the prior year, the firm earned ($2.42) earnings per share. The business's revenue for the quarter was down 7.0% on a year-over-year basis. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Research analysts predict that MarineMax, Inc. will post 0.69 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on HZO shares. Truist Financial cut shares of MarineMax from a "buy" rating to a "hold" rating and upped their price target for the stock from $39.00 to $53.00 in a report on Wednesday, August 12th. Benchmark cut MarineMax from a "buy" rating to a "hold" rating in a research report on Monday, August 10th. Weiss Ratings upgraded MarineMax from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, July 24th. Loop Capital cut MarineMax from a "buy" rating to a "hold" rating and set a $53.00 price target on the stock. in a report on Tuesday, August 11th. Finally, Northcoast Research lowered MarineMax from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $43.00.

About MarineMax

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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