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

Key Points

• MarineMax, Inc. has received a "Moderate Buy" consensus recommendation from analysts, with an average target price of $33.25.
• Despite a positive outlook, MarineMax reported a significant earnings miss, with a quarterly EPS of $0.49 compared to an expected $1.16.
• Institutional investors hold 92.85% of MarineMax's stock, indicating strong interest from the investment community.

Shares of MarineMax, Inc. (NYSE:HZO - Get Free Report) have been given an average rating of "Moderate Buy" by the seven brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $33.25.

Several equities research analysts have commented on HZO shares. Zacks Research raised shares of MarineMax from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 23rd. Weiss Ratings reissued a "sell (d)" rating on shares of MarineMax in a research report on Wednesday, October 8th. Citigroup reissued a "buy" rating and set a $32.00 price target (up from $29.00) on shares of MarineMax in a research report on Monday, June 16th. B. Riley reissued a "buy" rating on shares of MarineMax in a research report on Friday, July 25th. Finally, Wall Street Zen cut shares of MarineMax from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th.

MarineMax Trading Up 4.8%

HZO opened at $25.04 on Tuesday. The firm's fifty day simple moving average is $25.74 and its 200 day simple moving average is $23.90. 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 has a 12 month low of $16.85 and a 12 month high of $35.46. The stock has a market capitalization of $537.36 million, a P/E ratio of -18.69 and a beta of 1.53.

MarineMax (NYSE:HZO - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.49 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $737.82 million. During the same period last year, the firm earned $1.51 earnings per share. The company's quarterly revenue was down 13.3% compared to the same quarter last year. MarineMax has set its FY 2025 guidance at 0.450-0.950 EPS. As a group, research analysts anticipate that MarineMax will post 2.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other MarineMax news, CEO W Brett Mcgill sold 60,000 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $27.53, for a total transaction of $1,651,800.00. Following the transaction, the chief executive officer owned 173,038 shares of the company's stock, valued at $4,763,736.14. The trade was a 25.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MarineMax

A number of institutional investors have recently bought and sold shares of HZO. GAMMA Investing LLC increased its position in MarineMax by 3,886.6% during the first 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 during the last quarter. SG Americas Securities LLC acquired a new position in MarineMax during the first quarter worth approximately $726,000. Peregrine Capital Management LLC increased its position in MarineMax by 1.7% during the first quarter. Peregrine Capital Management LLC now owns 157,205 shares of the specialty retailer's stock worth $3,380,000 after buying an additional 2,600 shares during the last quarter. Principal Financial Group Inc. increased its position in MarineMax by 3.2% during the first 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 during the last quarter. Finally, Victory Capital Management Inc. increased its position in MarineMax by 31.6% during the first quarter. Victory Capital Management Inc. now owns 152,597 shares of the specialty retailer's stock worth $3,281,000 after buying an additional 36,606 shares during the last quarter. 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.

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