MarineMax, Inc. (NYSE:HZO) Given Consensus Rating of "Buy" by Brokerages

Key Points

• MarineMax, Inc. has received a consensus "Buy" recommendation from five brokerages, with an average twelve-month price target of $33.25.
• The company reported a loss of $0.67 per share for the last quarter, significantly missing analysts' expectations of $1.16, and noted a 13.3% decline in year-over-year revenue.
• Insider CEO W Brett Mcgill sold 60,000 shares of MarineMax, decreasing his position by 25.75%, while institutional investors currently hold 92.85% of the company's stock.

MarineMax, Inc. (NYSE:HZO - Get Free Report) has been given a consensus recommendation of "Buy" by the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $33.25.

Several equities analysts have commented on the company. Citigroup reiterated a "buy" rating and set a $32.00 price target (up previously from $29.00) on shares of MarineMax in a report on Monday, June 16th. B. Riley reiterated a "buy" rating on shares of MarineMax in a report on Friday, July 25th. Finally, Wall Street Zen downgraded MarineMax from a "hold" rating to a "sell" rating in a report on Saturday, July 26th.

MarineMax Stock Up 2.2%

Shares of NYSE HZO traded up $0.56 during mid-day trading on Friday, reaching $25.82. The company had a trading volume of 725,320 shares, compared to its average volume of 314,013. The stock has a fifty day moving average of $25.17 and a two-hundred day moving average of $23.64. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.29 and a current ratio of 1.21. The company has a market capitalization of $554.10 million, a price-to-earnings ratio of -19.27 and a beta of 1.57. MarineMax has a 12-month low of $16.85 and a 12-month high of $36.42.

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). The business had revenue of $657.16 million for the quarter, compared to the consensus estimate of $737.82 million. MarineMax had a negative net margin of 1.15% and a positive return on equity of 2.63%. MarineMax's revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.51 EPS. MarineMax has set its FY 2025 guidance at 0.450-0.950 EPS. As a group, equities research analysts expect that MarineMax will post 2.41 EPS for the current year.

Insider Activity

In other news, CEO W Brett Mcgill sold 60,000 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $27.53, for a total value of $1,651,800.00. Following the sale, the chief executive officer owned 173,038 shares in the company, valued at approximately $4,763,736.14. This trade represents a 25.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Interval Partners LP lifted its holdings in shares of MarineMax by 181.2% during the first quarter. Interval Partners LP now owns 241,139 shares of the specialty retailer's stock valued at $5,184,000 after acquiring an additional 155,382 shares during the period. Nuveen LLC acquired a new position in MarineMax during the 1st quarter worth about $1,856,000. Principal Financial Group Inc. lifted its position in 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 buying an additional 3,107 shares in the last quarter. SG Americas Securities LLC acquired a new position in MarineMax during the 1st quarter worth about $726,000. Finally, GAMMA Investing LLC lifted its position in 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 buying an additional 22,659 shares in the last quarter. 92.85% of the stock is owned by institutional investors.

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.