Brokerages Set MarineMax, Inc. (NYSE:HZO) PT at $33.25

MarineMax, Inc. (NYSE:HZO - Get Free Report) has been given a consensus rating of "Buy" by the five analysts that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $33.25.

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

MarineMax Price Performance

Shares of MarineMax stock traded down $0.34 during trading on Thursday, hitting $22.34. The stock had a trading volume of 584,292 shares, compared to its average volume of 367,310. The business has a fifty day moving average of $24.53 and a two-hundred day moving average of $24.35. The firm has a market cap of $479.42 million, a P/E ratio of -16.67 and a beta of 1.54. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.21 and a quick ratio of 0.29. MarineMax has a fifty-two week low of $16.85 and a fifty-two week high of $37.86.

MarineMax (NYSE:HZO - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.67). MarineMax had a positive return on equity of 2.63% and a negative net margin of 1.15%. The business had revenue of $657.16 million for the quarter, compared to analyst estimates of $737.82 million. During the same quarter in the previous year, the business posted $1.51 earnings per share. The company's revenue was down 13.3% compared to the same quarter last year. On average, sell-side analysts expect that MarineMax will post 2.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MarineMax

Several institutional investors and hedge funds have recently made changes to their positions in the company. State of Wyoming acquired a new position in MarineMax during the first quarter valued at approximately $41,000. Aquatic Capital Management LLC bought a new position in shares of MarineMax in the fourth quarter valued at $82,000. KLP Kapitalforvaltning AS acquired a new position in MarineMax during the fourth quarter worth $113,000. Jones Financial Companies Lllp bought a new stake in MarineMax during the first quarter worth $168,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of MarineMax by 23.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,714 shares of the specialty retailer's stock valued at $253,000 after acquiring an additional 1,653 shares during the period. Institutional investors and hedge funds own 92.85% of the company's stock.

About MarineMax

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.