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

MarineMax, Inc. (NYSE:HZO - Get Free Report) has been assigned a consensus rating of "Buy" from the six brokerages that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $38.50.

HZO has been the subject of several research reports. B. Riley upgraded MarineMax to a "strong-buy" rating in a research note on Wednesday, February 12th. Truist Financial cut their target price on shares of MarineMax from $38.00 to $26.00 and set a "buy" rating for the company in a research report on Monday, April 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its position in MarineMax by 17.3% in the 4th quarter. Invesco Ltd. now owns 347,481 shares of the specialty retailer's stock valued at $10,060,000 after acquiring an additional 51,352 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of MarineMax in the fourth quarter worth $572,000. Acuitas Investments LLC raised its stake in shares of MarineMax by 9.3% in the fourth quarter. Acuitas Investments LLC now owns 83,800 shares of the specialty retailer's stock worth $2,426,000 after purchasing an additional 7,131 shares during the last quarter. SWS Partners bought a new position in shares of MarineMax during the fourth quarter valued at $595,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of MarineMax by 211.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer's stock valued at $43,000 after buying an additional 1,058 shares during the last quarter. Institutional investors own 92.85% of the company's stock.

MarineMax Stock Up 0.3%

NYSE:HZO traded up $0.08 during trading hours on Wednesday, reaching $25.32. The company had a trading volume of 336,194 shares, compared to its average volume of 297,150. MarineMax has a twelve month low of $16.85 and a twelve month high of $38.20. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market cap of $543.61 million, a price-to-earnings ratio of 10.64 and a beta of 1.58. The business's 50-day simple moving average is $21.24 and its two-hundred day simple moving average is $25.48.

MarineMax (NYSE:HZO - Get Free Report) last released its quarterly earnings results 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. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. The business had revenue of $631.52 million during the quarter, compared to the consensus estimate of $580.12 million. During the same quarter in the previous year, the business earned $0.18 EPS. The company's quarterly revenue was up 8.3% on a year-over-year basis. On average, equities analysts expect that MarineMax will post 2.41 earnings per share 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.