MarineMax (NYSE:HZO) Sees Unusually-High Trading Volume – Should You Buy?

MarineMax, Inc. (NYSE:HZO) saw unusually-strong trading volume on Monday. Approximately 502,127 shares were traded during mid-day trading, an increase of 0% from the previous session’s volume of 499,651 shares. The stock last traded at $52.3450 and had previously closed at $52.37.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HZO. Loop Capital downgraded shares of MarineMax from a “buy” rating to a “hold” rating and set a $53.00 target price for the company. in a report on Tuesday, August 11th. Weiss Ratings upgraded shares of MarineMax from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Truist Financial lowered MarineMax from a “buy” rating to a “hold” rating and increased their target price for the company from $39.00 to $53.00 in a report on Wednesday, August 12th. Citigroup cut shares of MarineMax from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $41.00 to $53.00 in a report on Friday, October 2nd. Finally, B. Riley Financial cut 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. Eight investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $44.67.

MarineMax Trading Down 0.1%

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 1.23. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 373.82 and a beta of 1.70. The business has a fifty day moving average of $50.60 and a two-hundred day moving average of $38.85.

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

Institutional Investors Weigh In On MarineMax

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of MarineMax in the 2nd quarter valued at $116,412,000. Boothbay Fund Management LLC increased its position in shares of MarineMax by 13.0% during the fourth quarter. Boothbay Fund Management LLC now owns 774,918 shares of the specialty retailer’s stock worth $18,776,000 after acquiring an additional 89,080 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in MarineMax by 857,142.9% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 180,021 shares of the specialty retailer’s stock worth $4,871,000 after purchasing an additional 180,000 shares during the last quarter. De Lisle Partners LLP acquired a new stake in MarineMax in the second quarter valued at $6,170,000. Finally, Bank of America Corp DE raised its stake in shares of MarineMax by 19.8% in the 1st quarter. Bank of America Corp DE now owns 151,964 shares of the specialty retailer’s stock valued at $4,112,000 after purchasing an additional 25,063 shares in the last quarter. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Company Profile

MarineMax, Inc is a recreational boat and yacht retailer headquartered in Clearwater, Florida. Founded in 1998, the company sells new and pre-owned boats, yachts and related marine products through a network of dealerships and other locations in the United States.

MarineMax represents a range of marine brands and offers products spanning smaller recreational boats, luxury yachts and larger vessels. Its services include boat brokerage, financing and insurance assistance, maintenance and repair, storage, and other support services for boat owners.