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

MarineMax, Inc. (NYSE:HZO - Get Free Report) has received an average recommendation of "Buy" from the five brokerages that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have covered the stock in the last year is $33.25.

Several equities analysts recently issued reports on the stock. Citigroup reissued a "buy" rating and set a $32.00 price target (up from $29.00) on shares of MarineMax in a report on Monday, June 16th. Truist Financial lowered their price objective 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. Wall Street Zen cut shares of MarineMax from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, B. Riley restated a "buy" rating on shares of MarineMax in a research report on Friday, July 25th.

Institutional Investors Weigh In On MarineMax

Several institutional investors have recently modified their holdings of the business. AlphaQuest LLC grew its position in shares of MarineMax by 504.7% during the 2nd quarter. AlphaQuest LLC now owns 20,548 shares of the specialty retailer's stock worth $517,000 after buying an additional 17,150 shares during the period. Acuitas Investments LLC grew its position in shares of MarineMax by 25.6% during the 2nd quarter. Acuitas Investments LLC now owns 105,281 shares of the specialty retailer's stock worth $2,647,000 after buying an additional 21,481 shares during the period. Lawson Kroeker Investment Management Inc. NE grew its position in shares of MarineMax by 6.0% during the 2nd quarter. Lawson Kroeker Investment Management Inc. NE now owns 138,168 shares of the specialty retailer's stock worth $3,474,000 after buying an additional 7,815 shares during the period. SWS Partners grew its position in shares of MarineMax by 4.4% during the 2nd quarter. SWS Partners now owns 22,174 shares of the specialty retailer's stock worth $557,000 after buying an additional 931 shares during the period. Finally, SummerHaven Investment Management LLC grew its position in shares of MarineMax by 3.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 26,123 shares of the specialty retailer's stock worth $657,000 after buying an additional 755 shares during the period. Institutional investors and hedge funds own 92.85% of the company's stock.

MarineMax Price Performance

HZO stock traded down $0.34 during trading on Thursday, hitting $22.34. 584,292 shares of the stock traded hands, compared to its average volume of 367,310. MarineMax has a one year low of $16.85 and a one year high of $37.86. The stock has a market cap of $479.42 million, a price-to-earnings ratio of -16.67 and a beta of 1.54. The company has a 50 day simple moving average of $24.55 and a 200 day simple moving average of $24.30. The company has a current ratio of 1.21, a quick ratio of 0.29 and a debt-to-equity ratio of 0.38.

MarineMax (NYSE:HZO - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.49 earnings per share (EPS) 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 firm had revenue of $657.16 million for the quarter, compared to the consensus estimate of $737.82 million. During the same period in the prior year, the business earned $1.51 earnings per share. The company's revenue for the quarter was down 13.3% on a year-over-year basis. Equities analysts expect that MarineMax will post 2.41 EPS for the current fiscal year.

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.