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

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on HZO. Benchmark reaffirmed a "buy" rating and set a $40.00 target price on shares of MarineMax in a report on Friday, January 24th. B. Riley upgraded shares of MarineMax to a "strong-buy" rating in a research note on Wednesday, February 12th. StockNews.com upgraded shares of MarineMax from a "sell" rating to a "hold" rating in a research note on Friday, January 24th. 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, Truist Financial cut their target price on shares of MarineMax from $38.00 to $26.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, MarineMax currently has a consensus rating of "Buy" and a consensus price target of $38.50.

MarineMax Stock Up 2.4%

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.19. The firm has a market cap of $503.20 million, a price-to-earnings ratio of 9.85 and a beta of 1.69. The business's 50-day moving average is $21.43 and its 200-day moving average is $26.44.

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

Hedge Funds Weigh In On MarineMax

Several large investors have recently made changes to their positions in HZO. State of Wyoming acquired a new position in MarineMax during the first quarter valued at approximately $41,000. Smartleaf Asset Management LLC boosted its holdings in shares of MarineMax by 211.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer's stock valued at $43,000 after buying an additional 1,058 shares during the last quarter. US Bancorp DE grew its position 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 acquiring an additional 585 shares during the period. Aquatic Capital Management LLC acquired a new position in MarineMax during the fourth quarter worth approximately $82,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in MarineMax during the 4th quarter valued at $113,000. Institutional investors and hedge funds own 92.85% of the company's stock.

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.