MarineMax (NYSE:HZO) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• MarineMax shares crossed above their 200-day moving average, trading as high as $52.45 compared with the $37.17 average, and last changing hands at $52.3750.
• Analyst sentiment is cautious: multiple firms downgraded the stock to “Hold” or “Neutral,” while the consensus rating is “Hold” with a $43.00 price target.
• The company narrowly missed quarterly earnings expectations, reporting $0.81 EPS versus $0.82 expected and revenue of $611.26 million versus $682.29 million; revenue declined 7% year over year.

MarineMax, Inc. (NYSE:HZO - Get Free Report) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $37.17 and traded as high as $52.45. MarineMax shares last traded at $52.3750, with a volume of 702,948 shares.

Analysts Set New Price Targets

HZO has been the subject of a number of analyst reports. B. Riley Financial downgraded MarineMax from a "buy" rating to a "neutral" rating and set a $35.00 target price for the company. in a research note on Tuesday, July 21st. Northcoast Research downgraded MarineMax from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 12th. Loop Capital lowered MarineMax from a "buy" rating to a "hold" rating and set a $53.00 price objective on the stock. in a report on Tuesday, August 11th. Truist Financial cut MarineMax from a "buy" rating to a "hold" rating and increased their price objective for the stock from $39.00 to $53.00 in a research report on Wednesday, August 12th. Finally, Benchmark downgraded 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 stock. According to data from MarketBeat.com, MarineMax currently has an average rating of "Hold" and a consensus price target of $43.00.

MarineMax Stock Performance

The stock's fifty day simple moving average is $47.39 and its 200-day simple moving average is $37.17. 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 company has a market capitalization of $1.16 billion, a PE ratio of 374.11 and a beta of 1.66.

MarineMax (NYSE:HZO - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $611.26 million for 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%.MarineMax's revenue was down 7.0% compared to the same quarter last year. During the same period last year, the firm earned ($2.42) EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, research analysts predict that MarineMax, Inc. will post 0.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MarineMax

A number of large investors have recently added to or reduced their stakes in HZO. GAMMA Investing LLC lifted its stake in shares of MarineMax by 22.8% during the second quarter. GAMMA Investing LLC now owns 1,941 shares of the specialty retailer's stock valued at $71,000 after buying an additional 360 shares during the period. RBF Capital LLC grew its stake in MarineMax by 0.5% in the 4th quarter. RBF Capital LLC now owns 80,420 shares of the specialty retailer's stock worth $1,949,000 after acquiring an additional 420 shares during the period. Swiss National Bank grew its stake in MarineMax by 4.0% in the 1st quarter. Swiss National Bank now owns 38,900 shares of the specialty retailer's stock worth $1,053,000 after acquiring an additional 1,500 shares during the period. Illinois Municipal Retirement Fund raised its holdings in MarineMax by 16.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 10,913 shares of the specialty retailer's stock valued at $295,000 after acquiring an additional 1,546 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in MarineMax in the 2nd quarter valued at $59,000. 92.85% of the stock is owned by institutional investors and hedge funds.

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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