MarineMax (NYSE:HZO) Shares Up 7.5% - Time to Buy?

MarineMax, Inc. (NYSE:HZO - Get Free Report) traded up 7.5% on Monday . The stock traded as high as $23.11 and last traded at $24.15. 8,528 shares traded hands during trading, a decline of 97% from the average session volume of 293,801 shares. The stock had previously closed at $22.46.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HZO shares. B. Riley upgraded MarineMax to a "strong-buy" rating in a report on Wednesday, February 12th. Truist Financial lowered their target price on MarineMax from $38.00 to $26.00 and set a "buy" rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, MarineMax has an average rating of "Buy" and an average target price of $38.50.

MarineMax Trading Up 11.4%

The firm has a market capitalization of $537.32 million, a PE ratio of 10.49 and a beta of 1.58. The company's 50-day moving average price is $21.07 and its 200-day moving average price is $25.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.19.

MarineMax (NYSE:HZO - Get Free Report) last announced its earnings results on Thursday, April 24th. The specialty retailer reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.07. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. The business had revenue of $631.52 million during the quarter, compared to analysts' expectations of $580.12 million. During the same period in the prior year, the company earned $0.18 earnings per share. The business's revenue was up 8.3% compared to the same quarter last year. On average, sell-side analysts expect that MarineMax, Inc. will post 2.41 earnings per share for the current year.

Institutional Trading of MarineMax

Large investors have recently modified their holdings of the business. State of Wyoming purchased a new position in shares of MarineMax during the first quarter valued at approximately $41,000. Smartleaf Asset Management LLC grew its holdings in MarineMax by 211.6% during the 4th 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 in the last quarter. US Bancorp DE boosted its holdings in shares of MarineMax by 49.6% in the 4th 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. Aquatic Capital Management LLC acquired a new position in shares of MarineMax in the 4th quarter valued at about $82,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of MarineMax in the 4th quarter valued at about $113,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.