MarineMax (NYSE:HZO) Shares Down 4.9% - Time to Sell?

Key Points

• MarineMax's stock price dropped 4.9% to $26.76, with trading volume down 87% compared to its average daily volume, indicating a potential decline in investor interest.
• Analyst ratings for MarineMax are mixed, with five "buy" ratings and a recent upgrade from Zacks Research to "hold," but also a "sell" rating from Weiss Ratings, resulting in an average rating of "Moderate Buy" with a target price of $33.25.
• The company reported a loss in earnings of $0.49 EPS for the last quarter, missing expectations by $0.67, and had a 13.3% year-over-year decrease in revenue, raising concerns about its financial outlook.

MarineMax, Inc. (NYSE:HZO - Get Free Report)'s stock price was down 4.9% during mid-day trading on Monday . The stock traded as low as $26.61 and last traded at $26.76. Approximately 43,304 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 344,422 shares. The stock had previously closed at $28.14.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HZO. Citigroup reiterated a "buy" rating and issued a $32.00 target price (up previously from $29.00) on shares of MarineMax in a report on Monday, June 16th. B. Riley restated a "buy" rating on shares of MarineMax in a research report on Friday, July 25th. Zacks Research upgraded MarineMax from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 23rd. Weiss Ratings restated a "sell (d)" rating on shares of MarineMax in a report on Saturday, September 27th. Finally, Wall Street Zen cut MarineMax from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $33.25.

MarineMax Stock Down 6.4%

The business's 50-day moving average is $25.41 and its 200-day moving average is $23.81. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.29 and a current ratio of 1.21. The firm has a market cap of $565.04 million, a price-to-earnings ratio of -19.65 and a beta of 1.53.

MarineMax (NYSE:HZO - Get Free Report) last released its earnings results on Thursday, July 24th. The specialty retailer reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.67). The business had revenue of $657.16 million for the quarter, compared to analyst estimates of $737.82 million. MarineMax had a positive return on equity of 2.63% and a negative net margin of 1.15%.MarineMax's revenue was down 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.51 EPS. MarineMax has set its FY 2025 guidance at 0.450-0.950 EPS. On average, equities analysts predict that MarineMax, Inc. will post 2.41 EPS for the current year.

Insider Activity at MarineMax

In other MarineMax news, CEO W Brett Mcgill sold 60,000 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $27.53, for a total transaction of $1,651,800.00. Following the sale, the chief executive officer directly owned 173,038 shares in the company, valued at $4,763,736.14. This represents a 25.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.00% of the company's stock.

Institutional Trading of MarineMax

A number of hedge funds and other institutional investors have recently bought and sold shares of HZO. Interval Partners LP boosted its holdings in shares of MarineMax by 181.2% in the 1st quarter. Interval Partners LP now owns 241,139 shares of the specialty retailer's stock worth $5,184,000 after buying an additional 155,382 shares during the last quarter. Nuveen LLC bought a new position in shares of MarineMax in the first quarter worth $1,856,000. Goldman Sachs Group Inc. grew its holdings in shares of MarineMax by 69.3% during the first quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer's stock worth $7,496,000 after purchasing an additional 142,775 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of MarineMax by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 99,611 shares of the specialty retailer's stock worth $2,142,000 after acquiring an additional 3,107 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in MarineMax during the first quarter valued at approximately $726,000. 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.

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