MarineMax (NYSE:HZO) Sees Strong Trading Volume - Still a Buy?

Key Points

• MarineMax shares traded actively: About 505,604 shares changed hands, up 12% from the prior session, while the stock traded near $52.13.
• Analyst sentiment is cautious: Multiple firms recently downgraded MarineMax to “Hold” or “Neutral.” The consensus rating is “Hold,” with an average price target of $43, below the current share price.
• Recent results fell slightly short: MarineMax reported quarterly EPS of $0.81 versus expectations of $0.82 and revenue of $611.3 million versus estimates of $682.3 million; revenue declined 7% year over year. Institutional investors own approximately 92.9% of the company.

Shares of MarineMax, Inc. (NYSE:HZO - Get Free Report) saw unusually-strong trading volume on Thursday . 505,604 shares traded hands during mid-day trading, an increase of 12% from the previous session's volume of 451,339 shares.The stock last traded at $52.1250 and had previously closed at $52.11.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HZO shares. B. Riley Financial cut shares of MarineMax from a "buy" rating to a "neutral" rating and set a $35.00 price objective for the company. in a research report on Tuesday, July 21st. Truist Financial cut MarineMax from a "buy" rating to a "hold" rating and raised their price target for the company from $39.00 to $53.00 in a report on Wednesday, August 12th. Northcoast Research cut MarineMax from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 12th. Weiss Ratings raised shares of MarineMax from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, July 24th. Finally, Benchmark lowered shares of MarineMax from a "buy" rating to a "hold" rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $43.00.

MarineMax Stock Performance

The company has a quick ratio of 0.34, a current ratio of 1.23 and a debt-to-equity ratio of 0.35. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 372.54 and a beta of 1.66. The stock's fifty day moving average is $41.27 and its 200-day moving average is $34.20.

MarineMax (NYSE:HZO - Get Free Report) last posted its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). MarineMax had a net margin of 0.18% and a return on equity of 1.51%. The business had revenue of $611.26 million during the quarter, compared to analyst estimates of $682.29 million. During the same period in the previous year, the firm posted ($2.42) earnings per share. The firm's revenue was down 7.0% on a year-over-year basis. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, analysts forecast that MarineMax, Inc. will post 0.69 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HZO. BlackRock Inc. bought a new stake in shares of MarineMax during the second quarter worth $116,412,000. California State Teachers Retirement System boosted its stake in MarineMax by 4,112.8% in the 2nd quarter. California State Teachers Retirement System now owns 774,696 shares of the specialty retailer's stock worth $28,369,000 after purchasing an additional 756,307 shares during the period. Invesco Ltd. increased its holdings in MarineMax by 115.6% during the 2nd quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer's stock worth $18,002,000 after purchasing an additional 383,926 shares in the last quarter. CenterBook Partners LP increased its holdings in MarineMax by 74.7% during the 4th quarter. CenterBook Partners LP now owns 532,452 shares of the specialty retailer's stock worth $12,901,000 after purchasing an additional 227,734 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of MarineMax by 857,142.9% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 180,021 shares of the specialty retailer's stock valued at $4,871,000 after purchasing an additional 180,000 shares during the period. Institutional investors own 92.85% of the company's stock.

About MarineMax

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.

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