MarineMax (NYSE:HZO) Sets New 1-Year High - Time to Buy?

Key Points

• Shares of MarineMax reached a new 52-week high of $33.07 (last $32.385) on Thursday with about 370,721 shares traded and a market cap near $723.6M.
• Analysts carry a consensus Moderate Buy rating (five Buys, one Hold, one Sell) with an average target of $31.80, while recent firm targets include $34 and $35.
• Mixed fundamentals: Q1 EPS beat ($0.04 vs. -$0.03) but revenue fell 16.5% YoY and net margin is negative; the company set FY2026 guidance of $0.40–$0.95 EPS and authorized a $100M share buyback (up to 15.3% of shares) amid 92.85% institutional ownership.

Shares of MarineMax, Inc. (NYSE:HZO - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $33.07 and last traded at $32.3850, with a volume of 370721 shares trading hands. The stock had previously closed at $31.24.

Wall Street Analyst Weigh In

HZO has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of MarineMax from a "strong sell" rating to a "hold" rating in a report on Friday, January 23rd. Truist Financial set a $34.00 price target on shares of MarineMax in a report on Tuesday, April 21st. Citigroup restated a "buy" rating on shares of MarineMax in a report on Friday, April 24th. Benchmark restated a "buy" rating on shares of MarineMax in a report on Friday, January 30th. Finally, National Bank Financial set a $35.00 price target on shares of MarineMax in a report on Friday, January 30th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $31.80.

MarineMax Price Performance

The stock's fifty day moving average price is $28.02 and its 200-day moving average price is $26.65. The firm has a market cap of $723.55 million, a price-to-earnings ratio of -11.17 and a beta of 1.55. The company has a current ratio of 1.18, a quick ratio of 0.32 and a debt-to-equity ratio of 0.36.

MarineMax (NYSE:HZO - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.07. The firm had revenue of $527.41 million during the quarter, compared to analysts' expectations of $617.21 million. MarineMax had a negative net margin of 2.83% and a positive return on equity of 0.68%. The firm's quarterly revenue was down 16.5% on a year-over-year basis. During the same quarter last year, the company posted $0.23 EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, equities research analysts forecast that MarineMax, Inc. will post 0.74 earnings per share for the current fiscal year.

MarineMax declared that its board has authorized a share buyback program on Wednesday, March 4th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the specialty retailer to buy up to 15.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Hedge Funds Weigh In On MarineMax

A number of hedge funds have recently made changes to their positions in HZO. Royal Bank of Canada boosted its position in shares of MarineMax by 6.9% during the 1st quarter. Royal Bank of Canada now owns 140,829 shares of the specialty retailer's stock worth $3,027,000 after purchasing an additional 9,050 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of MarineMax by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer's stock worth $278,000 after purchasing an additional 546 shares during the period. Jones Financial Companies Lllp purchased a new position in MarineMax in the 1st quarter valued at approximately $168,000. Goldman Sachs Group Inc. boosted its position in MarineMax by 69.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer's stock valued at $7,496,000 after buying an additional 142,775 shares during the period. Finally, Invesco Ltd. boosted its position in MarineMax by 115.6% in the 2nd quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer's stock valued at $18,002,000 after buying an additional 383,926 shares during the period. Hedge funds and other institutional investors own 92.85% of the company's stock.

MarineMax Company Profile

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.

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