MarineMax (NYSE:HZO) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• MarineMax shares traded at about $52.35 on unusually high volume, with roughly 502,127 shares changing hands. The stock’s price is above its 50-day and 200-day moving averages.
• Analyst sentiment has weakened, with several firms downgrading the stock to “Hold” or “Neutral.” The consensus rating is Hold, with an average price target of $44.67—below the current share price.
• MarineMax slightly missed quarterly EPS expectations and reported revenue below forecasts, while revenue declined 7% year over year. Institutional investors own a substantial 92.85% of the company’s shares.

MarineMax, Inc. (NYSE:HZO - Get Free Report) saw unusually-strong trading volume on Monday. Approximately 502,127 shares changed hands during mid-day trading, an increase of 0% from the previous session's volume of 499,651 shares. The stock last traded at $52.3450 and had previously closed at $52.37.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HZO shares. B. Riley Financial downgraded MarineMax from a "buy" rating to a "neutral" rating and set a $35.00 price target on the stock. in a research report on Tuesday, July 21st. Citigroup lowered shares of MarineMax from a "buy" rating to a "neutral" rating and upped their price target for the company from $41.00 to $53.00 in a report on Friday, October 2nd. Benchmark cut MarineMax from a "buy" rating to a "hold" rating in a report on Monday, August 10th. Weiss Ratings raised shares of MarineMax from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday. Finally, Northcoast Research cut MarineMax from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 12th. Eight analysts have rated the stock with a Hold rating. According to data from MarketBeat, MarineMax currently has an average rating of "Hold" and an average price target of $44.67.

MarineMax Price Performance

The firm's 50-day moving average is $50.60 and its 200-day moving average is $38.85. 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 capitalization of $1.16 billion, a P/E ratio of 373.82 and a beta of 1.70.

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

Institutional Investors Weigh In On MarineMax

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in MarineMax by 29.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,505 shares of the specialty retailer's stock worth $131,000 after purchasing an additional 564 shares in the last quarter. Arizona State Retirement System purchased a new stake in shares of MarineMax during the second quarter worth about $200,000. Amundi acquired a new position in shares of MarineMax during the second quarter valued at approximately $226,000. Round Rock Advisors LLC raised its stake in MarineMax by 92.0% in the 2nd quarter. Round Rock Advisors LLC now owns 120,030 shares of the specialty retailer's stock valued at $4,395,000 after purchasing an additional 57,521 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of MarineMax in the second quarter valued at about $4,093,000. Institutional investors own 92.85% of the company's stock.

About MarineMax

MarineMax, Inc is a recreational boat and yacht retailer headquartered in Clearwater, Florida. Founded in 1998, the company sells new and pre-owned boats, yachts and related marine products through a network of dealerships and other locations in the United States.

MarineMax represents a range of marine brands and offers products spanning smaller recreational boats, luxury yachts and larger vessels. Its services include boat brokerage, financing and insurance assistance, maintenance and repair, storage, and other support services for boat owners.

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