BNP Paribas Financial Markets Raises Position in MarineMax, Inc. (NYSE:HZO)

BNP Paribas Financial Markets boosted its position in MarineMax, Inc. (NYSE:HZO - Free Report) by 105.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,380 shares of the specialty retailer's stock after purchasing an additional 68,544 shares during the period. BNP Paribas Financial Markets owned about 0.59% of MarineMax worth $3,861,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of HZO. First Eagle Investment Management LLC bought a new position in shares of MarineMax during the fourth quarter valued at about $3,126,000. CenterBook Partners LP increased its position in shares of MarineMax by 109.6% during the fourth quarter. CenterBook Partners LP now owns 173,880 shares of the specialty retailer's stock valued at $5,034,000 after acquiring an additional 90,915 shares in the last quarter. American Century Companies Inc. increased its position in shares of MarineMax by 2.8% during the fourth quarter. American Century Companies Inc. now owns 2,032,468 shares of the specialty retailer's stock valued at $58,840,000 after acquiring an additional 55,592 shares in the last quarter. Sei Investments Co. grew its position in MarineMax by 19.5% in the 4th quarter. Sei Investments Co. now owns 339,291 shares of the specialty retailer's stock worth $9,822,000 after purchasing an additional 55,259 shares during the period. Finally, Invesco Ltd. grew its position in MarineMax by 17.3% in the 4th quarter. Invesco Ltd. now owns 347,481 shares of the specialty retailer's stock worth $10,060,000 after purchasing an additional 51,352 shares during the period. Hedge funds and other institutional investors own 92.85% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Benchmark reissued a "buy" rating and set a $40.00 price objective on shares of MarineMax in a research report on Friday, January 24th. StockNews.com upgraded shares of MarineMax from a "sell" rating to a "hold" rating in a research note on Friday, January 24th. DA Davidson decreased their price target on shares of MarineMax from $38.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Truist Financial decreased their price target on shares of MarineMax from $38.00 to $26.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, B. Riley upgraded shares of MarineMax to a "strong-buy" rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, MarineMax has an average rating of "Buy" and a consensus target price of $38.50.

MarineMax Price Performance

Shares of NYSE HZO traded up $0.54 during mid-day trading on Friday, hitting $23.43. 343,175 shares of the company's stock traded hands, compared to its average volume of 306,639. The company's 50-day moving average is $21.43 and its two-hundred day moving average is $26.44. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.24. The company has a market capitalization of $503.20 million, a P/E ratio of 9.85 and a beta of 1.69. MarineMax, Inc. has a 1 year low of $16.85 and a 1 year high of $38.20.

MarineMax (NYSE:HZO - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.23 EPS for the quarter, beating the consensus estimate of $0.16 by $0.07. The company had revenue of $631.52 million for the quarter, compared to the consensus estimate of $580.12 million. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. The firm's revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 EPS. On average, equities analysts anticipate that MarineMax, Inc. 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.