MarineMax (NYSE:HZO) Trading Down 4.9% - Should You Sell?

MarineMax, Inc. (NYSE:HZO - Get Free Report)'s stock price dropped 4.9% during trading on Monday . The stock traded as low as $24.28 and last traded at $24.02. Approximately 24,463 shares traded hands during trading, a decline of 92% from the average daily volume of 299,983 shares. The stock had previously closed at $25.25.

Wall Street Analyst Weigh In

HZO has been the subject of a number of recent analyst reports. Citigroup restated a "buy" rating and set a $32.00 price target (up from $29.00) on shares of MarineMax in a research report on Monday, June 16th. Truist Financial reduced their target price on MarineMax from $38.00 to $26.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $36.50.

MarineMax Price Performance

The stock has a market capitalization of $549.67 million, a PE ratio of 10.45 and a beta of 1.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.31. The firm's 50 day simple moving average is $22.62 and its 200 day simple moving average is $24.96.

MarineMax (NYSE:HZO - Get Free Report) last released its earnings results on Thursday, April 24th. The specialty retailer reported $0.23 EPS for the quarter, beating the consensus estimate of $0.16 by $0.07. MarineMax had a net margin of 2.35% and a return on equity of 5.01%. The company had revenue of $631.52 million for the quarter, compared to analyst estimates of $580.12 million. During the same quarter last year, the firm earned $0.18 EPS. The firm's quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts forecast that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

Institutional Investors Weigh In On MarineMax

Several institutional investors have recently bought and sold shares of HZO. SWS Partners increased its stake in MarineMax by 3.4% in the 1st quarter. SWS Partners now owns 21,243 shares of the specialty retailer's stock worth $457,000 after purchasing an additional 691 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of MarineMax by 69.3% in the first quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer's stock worth $7,496,000 after buying an additional 142,775 shares during the period. Jones Financial Companies Lllp bought a new stake in MarineMax during the 1st quarter valued at $168,000. Nexpoint Asset Management L.P. raised its holdings in MarineMax by 75.7% during the 1st quarter. Nexpoint Asset Management L.P. now owns 21,000 shares of the specialty retailer's stock valued at $452,000 after buying an additional 9,045 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in MarineMax by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer's stock valued at $278,000 after buying an additional 546 shares during the period. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

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.