MarineMax, Inc. (NYSE:HZO) Receives Average Recommendation of "Buy" from Analysts

Shares of MarineMax, Inc. (NYSE:HZO - Get Free Report) have been given an average recommendation of "Buy" by the six research firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $36.50.

HZO has been the subject of a number of analyst reports. Truist Financial reduced their price target on MarineMax from $38.00 to $26.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Citigroup reaffirmed a "buy" rating and issued a $32.00 price target (up previously from $29.00) on shares of MarineMax in a research report on Monday, June 16th.

Hedge Funds Weigh In On MarineMax

Institutional investors have recently made changes to their positions in the business. State of Wyoming bought a new position in shares of MarineMax in the first quarter worth about $41,000. Smartleaf Asset Management LLC raised its holdings in MarineMax by 211.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer's stock valued at $43,000 after acquiring an additional 1,058 shares in the last quarter. US Bancorp DE raised its holdings in MarineMax by 49.6% in the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer's stock valued at $51,000 after acquiring an additional 585 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in MarineMax in the 4th quarter valued at approximately $82,000. Finally, KLP Kapitalforvaltning AS acquired a new position in MarineMax in the 4th quarter valued at approximately $113,000. 92.85% of the stock is currently owned by institutional investors.

MarineMax Stock Up 0.3%

HZO traded up $0.09 during trading on Friday, reaching $27.78. 170,176 shares of the stock traded hands, compared to its average volume of 303,318. The stock has a market cap of $596.52 million, a price-to-earnings ratio of 11.34 and a beta of 1.60. MarineMax has a fifty-two week low of $16.85 and a fifty-two week high of $38.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.31. The stock's 50-day simple moving average is $23.54 and its two-hundred day simple moving average is $24.71.

MarineMax (NYSE:HZO - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.07. The firm had revenue of $631.52 million during the quarter, compared to analysts' expectations of $580.12 million. MarineMax had a return on equity of 5.01% and a net margin of 2.35%. The business's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 earnings per share. As a group, equities research analysts expect that MarineMax will post 2.41 EPS for the current year.

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.