MarineMax (NYSE:HZO) Stock Crosses Above 200 Day Moving Average - Should You Sell?

MarineMax, Inc. (NYSE:HZO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $24.11 and traded as high as $26.66. MarineMax shares last traded at $26.47, with a volume of 162,381 shares changing hands.

Analyst Ratings Changes

Several brokerages have commented on HZO. Wall Street Zen downgraded shares of MarineMax from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Weiss Ratings reissued a "sell (d)" rating on shares of MarineMax in a report on Wednesday, October 8th. Zacks Research raised shares of MarineMax from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 23rd. B. Riley reaffirmed a "buy" rating on shares of MarineMax in a report on Friday, July 25th. Finally, Truist Financial lifted their price objective on shares of MarineMax from $26.00 to $29.00 and gave the stock a "buy" rating in a report on Wednesday, October 15th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, MarineMax presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

MarineMax Price Performance

The company has a current ratio of 1.21, a quick ratio of 0.29 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $568.09 million, a P/E ratio of -19.75 and a beta of 1.53. The business's fifty day moving average price is $26.09 and its 200-day moving average price is $24.11.

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

Insiders Place Their Bets

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

Institutional Trading of MarineMax

Several hedge funds have recently added to or reduced their stakes in HZO. PNC Financial Services Group Inc. lifted its stake in MarineMax by 52.7% in the second quarter. PNC Financial Services Group Inc. now owns 1,351 shares of the specialty retailer's stock worth $34,000 after purchasing an additional 466 shares during the last quarter. State of Wyoming purchased a new position in shares of MarineMax in the first quarter valued at about $41,000. MTM Investment Management LLC purchased a new position in shares of MarineMax in the second quarter valued at about $42,000. Police & Firemen s Retirement System of New Jersey increased its position in shares of MarineMax by 12.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 5,008 shares of the specialty retailer's stock valued at $126,000 after acquiring an additional 567 shares during the period. Finally, Jones Financial Companies Lllp purchased a new position in shares of MarineMax in the first quarter valued at about $168,000. 92.85% of the stock is 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.

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