MarineMax (NYSE:HZO) Earns "Sell (D)" Rating from Weiss Ratings

MarineMax (NYSE:HZO - Get Free Report)'s stock had its "sell (d)" rating reiterated by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other research firms have also issued reports on HZO. Zacks Research upgraded MarineMax from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 23rd. Wall Street Zen downgraded shares of MarineMax from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Citigroup reaffirmed a "buy" rating and set a $32.00 target price (up previously from $29.00) on shares of MarineMax in a research note on Monday, June 16th. Finally, B. Riley restated a "buy" rating on shares of MarineMax in a research note on Friday, July 25th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.25.

MarineMax Stock Performance

Shares of HZO opened at $25.47 on Wednesday. The business's 50 day moving average is $25.61 and its two-hundred day moving average is $23.85. MarineMax has a 52-week low of $16.85 and a 52-week high of $35.46. The firm has a market cap of $546.59 million, a price-to-earnings ratio of -19.01 and a beta of 1.53. The company has a quick ratio of 0.29, a current ratio of 1.21 and a debt-to-equity ratio of 0.38.

MarineMax (NYSE:HZO - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.49 earnings per share (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 company had revenue of $657.16 million during the quarter, compared to the consensus estimate of $737.82 million. During the same quarter last year, the firm posted $1.51 EPS. The firm's quarterly revenue was down 13.3% on a year-over-year basis. MarineMax has set its FY 2025 guidance at 0.450-0.950 EPS. Analysts forecast that MarineMax will post 2.41 EPS for the current fiscal year.

Insider Transactions at MarineMax

In related news, CEO W Brett Mcgill sold 60,000 shares of MarineMax stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $27.53, for a total value of $1,651,800.00. Following the transaction, the chief executive officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its holdings in MarineMax by 52.7% during the second quarter. PNC Financial Services Group Inc. now owns 1,351 shares of the specialty retailer's stock valued at $34,000 after purchasing an additional 466 shares during the last quarter. State of Wyoming purchased a new stake in MarineMax in the first quarter valued at approximately $41,000. MTM Investment Management LLC purchased a new position in shares of MarineMax during the 2nd quarter valued at about $42,000. Police & Firemen s Retirement System of New Jersey lifted its stake in MarineMax by 12.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 5,008 shares of the specialty retailer's stock worth $126,000 after purchasing an additional 567 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in shares of MarineMax in the first quarter worth about $168,000. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

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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