MarineMax (NYSE:HZO) Shares Up 5.8% – What’s Next?

MarineMax, Inc. (NYSE:HZO) shares traded up 5.8% on Friday . The stock traded as high as $30.60 and last traded at $30.60. 17,754 shares were traded during trading, a decline of 94% from the average session volume of 310,500 shares. The stock had previously closed at $28.91.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. B. Riley cut their price target on MarineMax from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. DA Davidson raised their target price on MarineMax from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Truist Financial raised their target price on MarineMax from $35.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Benchmark initiated coverage on MarineMax in a research report on Tuesday, October 15th. They set a “buy” rating and a $40.00 target price on the stock. Finally, StockNews.com cut MarineMax from a “hold” rating to a “sell” rating in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat.com, MarineMax presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.83.

MarineMax Price Performance

The stock has a market capitalization of $669.38 million, a PE ratio of 13.95 and a beta of 1.82. The stock’s 50 day moving average is $32.05 and its two-hundred day moving average is $31.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.36 and a current ratio of 1.20.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.16. The firm had revenue of $757.72 million for the quarter, compared to analyst estimates of $720.30 million. MarineMax had a net margin of 2.00% and a return on equity of 6.26%. MarineMax’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $2.07 EPS. On average, equities analysts anticipate that MarineMax, Inc. will post 2.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HZO. SWS Partners purchased a new position in MarineMax in the 1st quarter worth approximately $471,000. Capstone Investment Advisors LLC lifted its stake in MarineMax by 333.9% in the 1st quarter. Capstone Investment Advisors LLC now owns 24,577 shares of the specialty retailer’s stock worth $817,000 after purchasing an additional 18,913 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in MarineMax by 3.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 17,628 shares of the specialty retailer’s stock worth $586,000 after purchasing an additional 536 shares in the last quarter. Empowered Funds LLC lifted its stake in MarineMax by 8.0% in the 1st quarter. Empowered Funds LLC now owns 89,275 shares of the specialty retailer’s stock worth $2,969,000 after purchasing an additional 6,650 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in MarineMax by 14.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,589 shares of the specialty retailer’s stock worth $419,000 after purchasing an additional 1,551 shares in the last quarter. 92.85% of the stock is owned by hedge funds and other institutional investors.

MarineMax Company 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.