MarineMax (NYSE:HZO) Stock Passes Above 200-Day Moving Average - Here's What Happened

Shares of MarineMax, Inc. (NYSE:HZO - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.84 and traded as high as $26.34. MarineMax shares last traded at $25.56, with a volume of 254,915 shares traded.

Wall Street Analyst Weigh In

HZO has been the topic of several research analyst reports. Zacks Research raised MarineMax from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 23rd. Weiss Ratings reissued a "sell (d)" rating on shares of MarineMax in a research report on Saturday, September 27th. Wall Street Zen cut MarineMax from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Citigroup reissued a "buy" rating and issued a $32.00 price objective (up previously from $29.00) on shares of MarineMax in a research report on Monday, June 16th. Finally, B. Riley reaffirmed a "buy" rating on shares of MarineMax in a research report on Friday, July 25th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $33.25.

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 business has a 50-day moving average price of $25.56 and a 200 day moving average price of $23.84. The stock has a market cap of $548.52 million, a PE ratio of -19.07 and a beta of 1.53.

MarineMax (NYSE:HZO - Get Free Report) last issued its quarterly 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 firm had revenue of $657.16 million for the quarter, compared to analysts' expectations of $737.82 million. MarineMax had a negative net margin of 1.15% and a positive return on equity of 2.63%. The firm's quarterly revenue was down 13.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.51 EPS. MarineMax has set its FY 2025 guidance at 0.450-0.950 EPS. As a group, research analysts forecast that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal year.

Insider Buying and Selling at MarineMax

In other news, CEO W Brett Mcgill sold 60,000 shares of the company's stock in a transaction dated Monday, August 25th. The stock was 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 this link. 4.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MarineMax

Several hedge funds and other institutional investors have recently modified their holdings of HZO. PNC Financial Services Group Inc. increased its position in shares of MarineMax by 52.7% during the second quarter. PNC Financial Services Group Inc. now owns 1,351 shares of the specialty retailer's stock valued at $34,000 after buying an additional 466 shares during the period. State of Wyoming bought a new stake in shares of MarineMax during the first quarter valued at about $41,000. MTM Investment Management LLC bought a new stake in shares of MarineMax during 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% during 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 buying an additional 567 shares during the period. Finally, Jones Financial Companies Lllp purchased a new stake in shares of MarineMax in the 1st quarter valued at about $168,000. 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.

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