MarineMax (NYSE:HZO) Sees Strong Trading Volume – Here’s What Happened

MarineMax, Inc. (NYSE:HZO) shares saw strong trading volume on Tuesday . Approximately 351,098 shares changed hands during mid-day trading, a decline of 16% from the previous session’s volume of 419,861 shares.The stock last traded at $52.0460 and had previously closed at $52.12.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HZO shares. B. Riley Financial lowered MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a research report on Tuesday, July 21st. Truist Financial reiterated a “hold” rating and issued a $53.00 price target (up from $39.00) on shares of MarineMax in a research note on Wednesday. Weiss Ratings raised shares of MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 24th. Loop Capital downgraded shares of MarineMax from a “buy” rating to a “hold” rating and set a $53.00 price objective for the company. in a research report on Tuesday. Finally, Benchmark cut shares of MarineMax from a “buy” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $43.00.

MarineMax Price Performance

The company has a quick ratio of 0.34, a current ratio of 1.23 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 372.71 and a beta of 1.58. The company has a fifty day moving average price of $35.88 and a two-hundred day moving average price of $31.72.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The business had revenue of $611.26 million during the quarter, compared to analyst estimates of $682.29 million. MarineMax had a net margin of 0.18% and a return on equity of 1.51%. The business’s revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($2.42) earnings per share. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, equities research analysts expect that MarineMax, Inc. will post 0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On MarineMax

Several hedge funds have recently made changes to their positions in HZO. Russell Investments Group Ltd. grew its holdings in shares of MarineMax by 93.5% during the third quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock worth $42,000 after buying an additional 808 shares during the last quarter. GAMMA Investing LLC raised its stake in MarineMax by 22.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,941 shares of the specialty retailer’s stock valued at $71,000 after acquiring an additional 360 shares during the last quarter. Fifth Third Bancorp raised its stake in MarineMax by 3,613.3% during the 1st 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 lifted its position in MarineMax by 129.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock worth $135,000 after acquiring an additional 2,996 shares during the period. Finally, Jones Financial Companies Lllp acquired a new stake in MarineMax during the 1st quarter worth approximately $168,000. 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.