MarineMax (NYSE:HZO) Trading 13.3% Higher - What's Next?

MarineMax, Inc. (NYSE:HZO - Get Free Report)'s share price was up 13.3% during trading on Monday . The stock traded as high as $25.07 and last traded at $24.45. Approximately 52,996 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 349,535 shares. The stock had previously closed at $21.58.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HZO shares. B. Riley upgraded shares of MarineMax to a "strong-buy" rating in a research report on Wednesday, February 12th. StockNews.com upgraded shares of MarineMax from a "sell" rating to a "hold" rating in a research report on Friday, January 24th. Truist Financial dropped their price target on shares of MarineMax from $38.00 to $26.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. DA Davidson dropped their price target on shares of MarineMax from $38.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. Finally, Benchmark reiterated a "buy" rating and issued a $40.00 price target on shares of MarineMax in a research report on Friday, January 24th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $38.50.

MarineMax Price Performance

The stock has a 50 day moving average of $21.45 and a two-hundred day moving average of $26.57. The stock has a market cap of $495.17 million, a PE ratio of 9.69 and a beta of 1.69. 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 released its earnings results on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.07. The company had revenue of $631.52 million for the quarter, compared to analysts' expectations of $580.12 million. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. The business's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 EPS. Equities analysts anticipate that MarineMax, Inc. will post 2.41 EPS for the current year.

Institutional Investors Weigh In On MarineMax

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of MarineMax by 8.4% during the third quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer's stock worth $413,000 after buying an additional 905 shares during the last quarter. Oliver Luxxe Assets LLC bought a new stake in shares of MarineMax during the fourth quarter valued at approximately $1,316,000. Ameliora Wealth Management Ltd. bought a new stake in shares of MarineMax during the fourth quarter valued at approximately $510,000. Empowered Funds LLC increased its position in shares of MarineMax by 4.7% during the fourth quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer's stock valued at $651,000 after purchasing an additional 1,006 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of MarineMax by 4.1% during the fourth quarter. Principal Financial Group Inc. now owns 96,504 shares of the specialty retailer's stock valued at $2,794,000 after purchasing an additional 3,779 shares during the period. 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.