Gagnon Securities LLC Grows Position in MarineMax, Inc. $HZO

Gagnon Securities LLC boosted its stake in shares of MarineMax, Inc. (NYSE:HZO) by 23.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 322,053 shares of the specialty retailer’s stock after purchasing an additional 60,704 shares during the period. MarineMax makes up about 1.6% of Gagnon Securities LLC’s portfolio, making the stock its 22nd biggest position. Gagnon Securities LLC’s holdings in MarineMax were worth $7,803,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of HZO. Royal Bank of Canada grew its position in MarineMax by 6.9% during the 1st quarter. Royal Bank of Canada now owns 140,829 shares of the specialty retailer’s stock worth $3,027,000 after purchasing an additional 9,050 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in MarineMax by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock valued at $278,000 after acquiring an additional 546 shares during the period. Jones Financial Companies Lllp acquired a new stake in MarineMax during the 1st quarter valued at approximately $168,000. Goldman Sachs Group Inc. lifted its stake in MarineMax by 69.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock valued at $7,496,000 after acquiring an additional 142,775 shares during the period. Finally, Invesco Ltd. lifted its stake in MarineMax by 115.6% during the 2nd quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock valued at $18,002,000 after acquiring an additional 383,926 shares during the period. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Stock Performance

HZO opened at $34.08 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 0.32. The firm has a fifty day moving average price of $31.56 and a 200 day moving average price of $28.43. MarineMax, Inc. has a 1 year low of $21.41 and a 1 year high of $36.25. The stock has a market cap of $750.67 million, a P/E ratio of -11.59 and a beta of 1.59.

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

MarineMax declared that its board has initiated a stock repurchase plan on Wednesday, March 4th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the specialty retailer to repurchase up to 15.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HZO. Citigroup restated a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. B. Riley Financial restated a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Weiss Ratings upgraded shares of MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Finally, Truist Financial set a $34.00 price objective on shares of MarineMax in a research note on Tuesday, April 21st. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, MarineMax currently has an average rating of “Moderate Buy” and a consensus target price of $31.80.

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.