MarineMax's (HZO) "Buy" Rating Reiterated at Citigroup

Citigroup reaffirmed their buy rating on shares of MarineMax (NYSE:HZO - Free Report) in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage currently has a $32.00 price objective on the specialty retailer's stock, up from their previous price objective of $29.00.

Separately, Truist Financial dropped their price objective on MarineMax from $38.00 to $26.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $36.50.

MarineMax Price Performance

HZO traded up $0.18 during midday trading on Monday, hitting $25.47. The stock had a trading volume of 378,024 shares, compared to its average volume of 299,610. The company has a market cap of $546.76 million, a P/E ratio of 10.39 and a beta of 1.58. The business has a fifty day moving average of $21.96 and a 200 day moving average of $25.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.16. MarineMax 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 earnings results on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.07. The business had revenue of $631.52 million during the quarter, compared to analyst estimates of $580.12 million. MarineMax had a return on equity of 5.01% and a net margin of 2.35%. MarineMax's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 earnings per share. As a group, equities analysts forecast that MarineMax will post 2.41 earnings per share for the current fiscal year.

Institutional Trading of MarineMax

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HZO. State of Wyoming purchased a new stake in MarineMax in the first quarter worth $41,000. Smartleaf Asset Management LLC lifted its stake in MarineMax by 211.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer's stock worth $43,000 after acquiring an additional 1,058 shares during the period. US Bancorp DE lifted its stake in MarineMax by 49.6% in the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer's stock worth $51,000 after acquiring an additional 585 shares during the period. Aquatic Capital Management LLC purchased a new stake in MarineMax in the fourth quarter worth $82,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in MarineMax in the fourth quarter worth $113,000. Hedge funds and other institutional investors own 92.85% of the company's stock.

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.