MarineMax, Inc. (NYSE:HZO) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analyst consensus: Seven analysts give MarineMax an average rating of "Moderate Buy" (five buys, one hold, one sell) with a 1‑year average target of $30.80 and individual targets as high as $35.00.
• Share repurchase: The board authorized a $100 million buyback program, permitting repurchases of up to 15.3% of outstanding shares, a sign the board views the stock as undervalued.
• Recent results: MarineMax reported quarterly EPS of ($0.21) vs. ($0.12) expected (a miss) while revenue of $505.18M beat estimates and rose 7.8% year‑over‑year; the company posted a negative net margin of 2.46% and analysts project $2.41 EPS for the current year.

Shares of MarineMax, Inc. (NYSE:HZO - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $30.80.

Several research firms have weighed in on HZO. Loop Capital started coverage on MarineMax in a research note on Monday, December 22nd. They set a "buy" rating and a $29.00 price target on the stock. Benchmark reaffirmed a "buy" rating on shares of MarineMax in a report on Friday, January 30th. Wall Street Zen upgraded MarineMax from a "sell" rating to a "hold" rating in a research report on Saturday, November 22nd. B. Riley Financial reiterated a "buy" rating and issued a $29.00 price target (up from $27.00) on shares of MarineMax in a report on Friday, January 30th. Finally, National Bank Financial set a $35.00 price target on shares of MarineMax in a research report on Friday, January 30th.

Institutional Investors Weigh In On MarineMax

Several hedge funds have recently modified their holdings of HZO. AQR Capital Management LLC grew its position in shares of MarineMax by 3.9% in the fourth quarter. AQR Capital Management LLC now owns 9,471 shares of the specialty retailer's stock valued at $229,000 after purchasing an additional 358 shares during the period. Nisa Investment Advisors LLC raised its position in shares of MarineMax by 54.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 374 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in MarineMax by 1.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 37,578 shares of the specialty retailer's stock valued at $911,000 after buying an additional 403 shares in the last quarter. RBF Capital LLC lifted its stake in MarineMax by 0.5% in the 4th quarter. RBF Capital LLC now owns 80,420 shares of the specialty retailer's stock valued at $1,949,000 after buying an additional 420 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in MarineMax by 0.7% in the 3rd quarter. Rhumbline Advisers now owns 65,383 shares of the specialty retailer's stock worth $1,656,000 after buying an additional 439 shares during the last quarter. 92.85% of the stock is owned by hedge funds and other institutional investors.

MarineMax Trading Down 3.1%

NYSE HZO opened at $26.36 on Friday. MarineMax has a 12-month low of $16.85 and a 12-month high of $32.00. The company has a fifty day simple moving average of $28.28 and a two-hundred day simple moving average of $26.21. The company has a current ratio of 1.19, a quick ratio of 0.29 and a debt-to-equity ratio of 0.37. The stock has a market cap of $580.71 million, a P/E ratio of -9.84 and a beta of 1.66.

MarineMax (NYSE:HZO - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The specialty retailer reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.09). The company had revenue of $505.18 million for the quarter, compared to analysts' expectations of $481.67 million. MarineMax had a negative net margin of 2.46% and a positive return on equity of 1.13%. MarineMax's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $0.17 earnings per share. On average, analysts forecast that MarineMax will post 2.41 earnings per share for the current year.

MarineMax declared that its board has authorized a stock repurchase plan on Wednesday, March 4th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the specialty retailer to repurchase up to 15.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

MarineMax Company 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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