Analysts Set MarineMax, Inc. (NYSE:HZO) Price Target at $33.25

Key Points

• MarineMax, Inc. has received a consensus "Buy" rating from five brokerages, with an average price target of $33.25.
• The company's latest earnings report revealed a loss in earnings per share of $0.49, falling short of the $1.16 consensus estimate, indicating revenue challenges.
• Institutional investors hold 92.85% of MarineMax's stock, with recent increases in holdings from several firms, including PNC Financial Services Group, which boosted its stake by 52.7%.

Shares of MarineMax, Inc. (NYSE:HZO - Get Free Report) have earned an average recommendation of "Buy" from the five brokerages that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $33.25.

Several brokerages have recently issued reports on HZO. Wall Street Zen lowered MarineMax from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. B. Riley reiterated a "buy" rating on shares of MarineMax in a research note on Friday, July 25th. Finally, Citigroup reiterated a "buy" rating and set a $32.00 target price (up from $29.00) on shares of MarineMax in a research note on Monday, June 16th.

MarineMax Stock Down 2.6%

NYSE:HZO traded down $0.73 during trading hours on Monday, hitting $27.21. 466,114 shares of the company traded hands, compared to its average volume of 342,237. The company has a quick ratio of 0.29, a current ratio of 1.21 and a debt-to-equity ratio of 0.38. The firm's 50-day simple moving average is $25.31 and its 200-day simple moving average is $23.79. MarineMax has a one year low of $16.85 and a one year high of $37.86. The company has a market cap of $584.12 million, a PE ratio of -20.31 and a beta of 1.54.

MarineMax (NYSE:HZO - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.49 earnings per share for the quarter, missing the consensus estimate 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 company 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 business posted $1.51 earnings per share. MarineMax'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 analysts predict that MarineMax will post 2.41 earnings per share for the current year.

Insider Activity at MarineMax

In other news, CEO W Brett Mcgill sold 60,000 shares of MarineMax stock in a transaction on Monday, August 25th. The stock was sold at an average price of $27.53, for a total transaction of $1,651,800.00. Following the sale, the chief executive officer directly owned 173,038 shares in the company, valued at $4,763,736.14. The trade was a 25.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in shares of MarineMax by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 99,611 shares of the specialty retailer's stock worth $2,142,000 after acquiring an additional 3,107 shares during the period. SG Americas Securities LLC bought a new position in shares of MarineMax during the 1st quarter worth $726,000. GAMMA Investing LLC grew its stake in shares of MarineMax by 3,886.6% during the 1st quarter. GAMMA Investing LLC now owns 23,242 shares of the specialty retailer's stock worth $500,000 after acquiring an additional 22,659 shares during the period. Raymond James Financial Inc. bought a new position in shares of MarineMax during the 4th quarter worth $572,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of MarineMax by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,375 shares of the specialty retailer's stock worth $358,000 after acquiring an additional 532 shares during the period. Institutional investors own 92.85% of the company's stock.

MarineMax Company 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.