MarineMax (NYSE:HZO) Stock Price Expected to Rise, Citigroup Analyst Says

MarineMax (NYSE:HZO - Free Report) had its price objective boosted by Citigroup from $29.00 to $32.00 in a report published on Monday,Benzinga reports. The firm currently has a buy rating on the specialty retailer's stock.

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

MarineMax Price Performance

HZO traded up $1.51 during trading on Monday, hitting $25.44. The company's stock had a trading volume of 348,794 shares, compared to its average volume of 298,868. The firm's 50 day moving average price is $21.62 and its two-hundred day moving average price is $25.26. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $546.27 million, a price-to-earnings ratio of 10.69 and a beta of 1.58. MarineMax has a 12 month low of $16.85 and a 12 month 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 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 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 quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. Sell-side analysts forecast that MarineMax will post 2.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in MarineMax by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,375 shares of the specialty retailer's stock worth $358,000 after buying an additional 532 shares during the period. US Bancorp DE boosted its holdings in shares of MarineMax by 49.6% in the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer's stock valued at $51,000 after buying an additional 585 shares during the period. SWS Partners increased its position in shares of MarineMax by 3.4% during the first quarter. SWS Partners now owns 21,243 shares of the specialty retailer's stock worth $457,000 after acquiring an additional 691 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of MarineMax by 6.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 11,776 shares of the specialty retailer's stock worth $341,000 after acquiring an additional 732 shares during the period. Finally, Empowered Funds LLC raised its holdings in shares of MarineMax by 4.7% during the fourth quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer's stock worth $651,000 after acquiring an additional 1,006 shares during the period. 92.85% of the stock is currently 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.