MarineMax (NYSE:HZO) Stock Crosses Above 200 Day Moving Average - Here's Why

Key Points

• MarineMax shares crossed above their 200-day moving average, reaching $52.49 versus the $38.67 average, and last traded near $52.47.
• Analysts have broadly shifted to a Hold or Neutral stance, with a consensus price target of $44.67—below the stock’s recent trading level.
• The company’s latest quarter fell slightly short of earnings expectations, while revenue declined 7% year over year; institutional investors nevertheless own approximately 92.85% of the stock.

Shares of MarineMax, Inc. (NYSE:HZO - Get Free Report) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $38.67 and traded as high as $52.49. MarineMax shares last traded at $52.4650, with a volume of 408,626 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HZO shares. Loop Capital lowered shares of MarineMax from a "buy" rating to a "hold" rating and set a $53.00 price objective on the stock. in a research note on Tuesday, August 11th. Northcoast Research cut MarineMax from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 12th. Truist Financial downgraded MarineMax from a "buy" rating to a "hold" rating and boosted their price target for the stock from $39.00 to $53.00 in a research report on Wednesday, August 12th. Citigroup lowered MarineMax from a "buy" rating to a "neutral" rating and upped their price objective for the company from $41.00 to $53.00 in a research note on Friday, October 2nd. Finally, Weiss Ratings raised MarineMax from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, July 24th. Eight research analysts have rated the stock with a Hold rating, According to MarketBeat.com, MarineMax presently has a consensus rating of "Hold" and an average price target of $44.67.

MarineMax Stock Down 0.0%

The stock's fifty day simple moving average is $50.24 and its 200-day simple moving average is $38.67. The stock has a market cap of $1.16 billion, a P/E ratio of 374.75 and a beta of 1.70. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 1.23.

MarineMax (NYSE:HZO - Get Free Report) last announced its 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). MarineMax had a return on equity of 1.51% and a net margin of 0.18%.The business had revenue of $611.26 million for the quarter, compared to the consensus estimate of $682.29 million. During the same period in the prior year, the business posted ($2.42) earnings per share. The firm's revenue for the quarter was down 7.0% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, research analysts forecast that MarineMax, Inc. will post 0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MarineMax

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of MarineMax in the second quarter worth $116,412,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in MarineMax by 857,142.9% in the first 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 stake in MarineMax during the second quarter worth about $6,170,000. Pacer Advisors Inc. bought a new stake in MarineMax during the first quarter worth about $4,050,000. Finally, Bank of New York Mellon Corp acquired a new stake in MarineMax during the second quarter worth about $4,535,000. 92.85% of the stock is owned by institutional investors and hedge funds.

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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