Analysts Set MarineMax, Inc. (NYSE:HZO) Price Target at $33.00

MarineMax, Inc. (NYSE:HZO) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $33.00.

Several equities analysts have recently issued reports on the company. Wall Street Zen raised MarineMax from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of MarineMax in a report on Wednesday, October 8th. Truist Financial upped their price objective on MarineMax from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Loop Capital began coverage on shares of MarineMax in a report on Monday, December 22nd. They set a “buy” rating and a $29.00 target price for the company. Finally, Zacks Research downgraded shares of MarineMax from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd.

MarineMax Stock Performance

Shares of NYSE HZO opened at $24.37 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.32 and a debt-to-equity ratio of 0.38. MarineMax has a 12 month low of $16.85 and a 12 month high of $33.28. The company has a 50 day simple moving average of $24.31 and a two-hundred day simple moving average of $25.14. The stock has a market cap of $532.97 million, a price-to-earnings ratio of -15.72 and a beta of 1.66.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, November 13th. The specialty retailer reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.11. MarineMax had a negative net margin of 1.37% and a positive return on equity of 2.00%. The firm had revenue of $552.15 million for the quarter, compared to analyst estimates of $533.05 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, analysts predict that MarineMax will post 2.41 earnings per share for the current year.

Institutional Investors Weigh In On MarineMax

Institutional investors have recently modified their holdings of the business. Acuitas Investments LLC raised its holdings in MarineMax by 24.9% in the 3rd quarter. Acuitas Investments LLC now owns 131,538 shares of the specialty retailer’s stock worth $3,332,000 after purchasing an additional 26,257 shares during the period. Caxton Associates LLP increased its position in shares of MarineMax by 16.0% in the third quarter. Caxton Associates LLP now owns 52,820 shares of the specialty retailer’s stock valued at $1,338,000 after buying an additional 7,280 shares in the last quarter. Verition Fund Management LLC raised its stake in shares of MarineMax by 8.7% during the 3rd quarter. Verition Fund Management LLC now owns 15,794 shares of the specialty retailer’s stock worth $400,000 after buying an additional 1,261 shares during the period. Divisadero Street Capital Management LP acquired a new position in shares of MarineMax during the 3rd quarter worth approximately $16,620,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of MarineMax during the 3rd quarter valued at approximately $17,372,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

About MarineMax

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.