MarineMax (NYSE:HZO) Hits New 12-Month High - Here's What Happened

Key Points

• MarineMax shares hit a new 52-week high of $52.50, trading about 0.5% higher and well above their 50-day and 200-day moving averages.
• Analysts have become more cautious: multiple firms downgraded the stock to Hold or Neutral, leaving it with an overall “Hold” rating and an average price target of $43, below its recent trading level.
• The latest quarter showed slightly lower-than-expected earnings and revenue, with EPS of $0.81 versus $0.82 expected and revenue down 7% year over year. Institutional investors own a substantial 92.85% of the company.

Shares of MarineMax, Inc. (NYSE:HZO - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $52.50 and last traded at $52.4450, with a volume of 606456 shares traded. The stock had previously closed at $52.21.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HZO shares. Northcoast Research downgraded MarineMax from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 12th. Loop Capital cut MarineMax from a "buy" rating to a "hold" rating and set a $53.00 price target for the company. in a research report on Tuesday, August 11th. Truist Financial lowered MarineMax from a "buy" rating to a "hold" rating and raised their price objective for the company from $39.00 to $53.00 in a report on Wednesday, August 12th. B. Riley Financial cut shares of MarineMax from a "buy" rating to a "neutral" rating and set a $35.00 target price on the stock. in a research note on Tuesday, July 21st. Finally, Weiss Ratings raised shares of MarineMax from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $43.00.

MarineMax Trading Up 0.5%

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.34. The company has a market cap of $1.16 billion, a PE ratio of 374.68 and a beta of 1.66. The company's 50 day simple moving average is $43.85 and its two-hundred day simple moving average is $35.53.

MarineMax (NYSE:HZO - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $611.26 million during the quarter, compared to analysts' expectations of $682.29 million. MarineMax had a net margin of 0.18% and a return on equity of 1.51%. The company's revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($2.42) EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, sell-side analysts anticipate that MarineMax, Inc. will post 0.69 EPS for the current fiscal year.

Hedge Funds Weigh In On MarineMax

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of MarineMax during the second quarter worth $116,412,000. Boothbay Fund Management LLC increased its stake in MarineMax by 13.0% in the fourth quarter. Boothbay Fund Management LLC now owns 774,918 shares of the specialty retailer's stock valued at $18,776,000 after purchasing an additional 89,080 shares during the last quarter. CenterBook Partners LP increased its stake in MarineMax by 74.7% in the fourth quarter. CenterBook Partners LP now owns 532,452 shares of the specialty retailer's stock valued at $12,901,000 after purchasing an additional 227,734 shares during the last quarter. Royce & Associates LP lifted its position in MarineMax by 2.4% during the fourth quarter. Royce & Associates LP now owns 404,156 shares of the specialty retailer's stock worth $9,793,000 after buying an additional 9,660 shares during the period. Finally, Gagnon Securities LLC boosted its stake in MarineMax by 23.2% in the 4th quarter. Gagnon Securities LLC now owns 322,053 shares of the specialty retailer's stock worth $7,803,000 after buying an additional 60,704 shares during the last quarter. Institutional investors and hedge funds own 92.85% of the company's stock.

MarineMax Company Profile

MarineMax, Inc is a recreational-boat retailer and services company based in Clearwater, Florida. The company sells new and pre-owned powerboats and yachts from a range of manufacturers, serving consumers seeking boats for cruising, fishing, watersports and other leisure activities.

In addition to boat sales, MarineMax provides related services including brokerage, financing, insurance, maintenance, repair, parts and storage. Its operations also include marinas and boating-related hospitality or charter services in select markets, allowing the company to support customers throughout the ownership lifecycle.

MarineMax primarily serves customers in the United States through a network of dealerships and marinas, with a particularly strong presence in Florida and other coastal markets, as well as locations in regions such as the Northeast, Midwest, Southeast and Texas.

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