MarineMax (NYSE:HZO) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• MarineMax shares climbed above their 200-day moving average of $39.96, reaching $52.44 and last trading near $52.35.
• Analysts have largely turned cautious, with several downgrades to “Hold” or “Neutral.” The consensus rating is “Hold,” with an average price target of $44.67—below the recent share price.
• The company narrowly missed quarterly EPS estimates and reported revenue below expectations, while institutional investors own a substantial 92.85% of outstanding shares.

MarineMax, Inc. (NYSE:HZO - Get Free Report) passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $39.96 and traded as high as $52.44. MarineMax shares last traded at $52.3530, with a volume of 917,602 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HZO shares. B. Riley Financial downgraded 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. Benchmark lowered shares of MarineMax from a "buy" rating to a "hold" rating in a research note on Monday, August 10th. Northcoast Research cut shares of MarineMax from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 12th. Weiss Ratings upgraded MarineMax from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Finally, Citigroup downgraded MarineMax from a "buy" rating to a "neutral" rating and lifted their target price for the company from $41.00 to $53.00 in a research note on Friday, October 2nd. Eight investment analysts have rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $44.67.

MarineMax Trading Down 0.0%

The company has a current ratio of 1.23, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The stock has a market cap of $1.16 billion, a P/E ratio of 373.95 and a beta of 1.70. The firm's 50-day simple moving average is $52.28 and its 200 day simple moving average is $39.96.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in MarineMax in the second quarter worth approximately $116,412,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in MarineMax by 857,142.9% during 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 in the last quarter. De Lisle Partners LLP bought a new position in MarineMax during the 2nd quarter valued at $6,170,000. Pacer Advisors Inc. bought a new position in MarineMax during the 1st quarter valued at $4,050,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of MarineMax during the 2nd quarter valued at $4,535,000. Institutional investors and hedge funds 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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