Analysts Set MarineMax, Inc. (NYSE:HZO) Price Target at $35.40

MarineMax, Inc. (NYSE:HZO) has been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $43.00.

Several research analysts have recently issued reports on the stock. Northcoast Research cut shares of MarineMax from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Loop Capital cut MarineMax from a “buy” rating to a “hold” rating and set a $53.00 target price on the stock. in a report on Tuesday, August 11th. Benchmark downgraded MarineMax from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Truist Financial lowered MarineMax from a “buy” rating to a “hold” rating and increased their price target for the company from $39.00 to $53.00 in a research note on Wednesday. Finally, Citigroup reiterated a “buy” rating on shares of MarineMax in a research report on Friday, April 24th.

MarineMax Stock Performance

HZO stock opened at $52.05 on Monday. The company has a 50-day simple moving average of $36.60 and a 200 day simple moving average of $32.06. The company has a market capitalization of $1.15 billion, a P/E ratio of 371.78 and a beta of 1.58. The company has a quick ratio of 0.34, a current ratio of 1.23 and a debt-to-equity ratio of 0.35. MarineMax has a fifty-two week low of $21.42 and a fifty-two week high of $52.46.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in MarineMax by 3.9% during the 4th quarter. AQR Capital Management LLC now owns 9,471 shares of the specialty retailer’s stock valued at $229,000 after acquiring an additional 358 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of MarineMax by 22.8% in the second quarter. GAMMA Investing LLC now owns 1,941 shares of the specialty retailer’s stock worth $71,000 after purchasing an additional 360 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its holdings in shares of MarineMax by 1.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 37,578 shares of the specialty retailer’s stock worth $911,000 after purchasing an additional 403 shares during the period. RBF Capital LLC boosted its holdings in shares of MarineMax by 0.5% during the fourth quarter. RBF Capital LLC now owns 80,420 shares of the specialty retailer’s stock worth $1,949,000 after purchasing an additional 420 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in MarineMax by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock valued at $278,000 after purchasing an additional 546 shares in the last quarter. Institutional investors 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.