RBF Capital LLC Acquires 17,642 Shares of MarineMax, Inc. (NYSE:HZO)

RBF Capital LLC raised its holdings in shares of MarineMax, Inc. (NYSE:HZO - Free Report) by 18.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,186 shares of the specialty retailer's stock after buying an additional 17,642 shares during the period. RBF Capital LLC owned about 0.49% of MarineMax worth $3,219,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HZO. JPMorgan Chase & Co. increased its holdings in MarineMax by 8.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer's stock valued at $413,000 after purchasing an additional 905 shares in the last quarter. Oliver Luxxe Assets LLC acquired a new stake in shares of MarineMax in the fourth quarter valued at about $1,316,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of MarineMax during the 4th quarter valued at about $510,000. Empowered Funds LLC lifted its position in MarineMax by 4.7% during the 4th quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer's stock worth $651,000 after acquiring an additional 1,006 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in MarineMax by 4.1% in the 4th quarter. Principal Financial Group Inc. now owns 96,504 shares of the specialty retailer's stock worth $2,794,000 after acquiring an additional 3,779 shares during the period. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HZO shares. Truist Financial reduced their target price on shares of MarineMax from $38.00 to $26.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Benchmark reiterated a "buy" rating and issued a $40.00 price objective on shares of MarineMax in a report on Friday, January 24th. B. Riley upgraded MarineMax to a "strong-buy" rating in a research note on Wednesday, February 12th. DA Davidson dropped their price objective on MarineMax from $38.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Finally, StockNews.com raised shares of MarineMax from a "sell" rating to a "hold" rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, MarineMax presently has an average rating of "Buy" and a consensus price target of $38.50.

MarineMax Stock Performance

HZO stock traded down $0.62 during mid-day trading on Monday, reaching $22.27. The company had a trading volume of 78,208 shares, compared to its average volume of 302,977. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock's 50-day simple moving average is $22.30 and its two-hundred day simple moving average is $27.29. The stock has a market capitalization of $505.68 million, a P/E ratio of 9.38 and a beta of 1.83. MarineMax, Inc. has a one year low of $16.85 and a one year high of $38.20.

MarineMax (NYSE:HZO - Get Free Report) last issued its earnings results on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.07. The business had revenue of $631.52 million for the quarter, compared to analysts' expectations of $580.12 million. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. The company's quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 EPS. Research analysts anticipate that MarineMax, Inc. will post 2.41 EPS for the current year.

MarineMax Profile

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.