MarineMax (NYSE:HZO) Reaches New 12-Month High – Should You Buy?

MarineMax, Inc. (NYSE:HZO)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $34.43 and last traded at $34.1350, with a volume of 30951 shares. The stock had previously closed at $33.35.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. National Bank Financial set a $35.00 price target on MarineMax in a research report on Friday, January 30th. B. Riley Financial reiterated a “buy” rating on shares of MarineMax in a report on Friday, April 24th. Zacks Research upgraded MarineMax from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings upgraded MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday. Finally, Citigroup reiterated a “buy” rating on shares of MarineMax in a report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.80.

MarineMax Trading Up 2.2%

The company has a market capitalization of $751.04 million, a P/E ratio of -11.59 and a beta of 1.55. The business has a fifty day moving average price of $28.33 and a 200 day moving average price of $26.90. The company has a quick ratio of 0.32, a current ratio of 1.18 and a debt-to-equity ratio of 0.36.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. The company had revenue of $527.41 million for the quarter, compared to analyst estimates of $617.21 million. MarineMax had a positive return on equity of 0.68% and a negative net margin of 2.83%.The company’s quarterly revenue was down 16.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 earnings per share. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, analysts expect that MarineMax, Inc. will post 0.74 earnings per share for the current fiscal year.

MarineMax announced that its board has initiated a share repurchase plan on Wednesday, March 4th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to buy up to 15.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Institutional Trading of MarineMax

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its position in shares of MarineMax by 54.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 374 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of MarineMax by 93.5% in the third quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 808 shares during the last quarter. Fifth Third Bancorp increased its position in shares of MarineMax by 3,613.3% in the first quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer’s stock valued at $114,000 after acquiring an additional 4,083 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of MarineMax by 129.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock valued at $135,000 after acquiring an additional 2,996 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of MarineMax by 5,419.5% in the first quarter. Bessemer Group Inc. now owns 6,789 shares of the specialty retailer’s stock valued at $184,000 after acquiring an additional 6,666 shares during the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Company Profile

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.