MarineMax, Inc. (NYSE:HZO) Given Average Recommendation of “Moderate Buy” by Analysts

MarineMax, Inc. (NYSE:HZO) has been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $31.75.

A number of research firms have issued reports on HZO. Truist Financial set a $34.00 target price on shares of MarineMax in a report on Tuesday, April 21st. Citigroup restated a “buy” rating on shares of MarineMax in a report on Friday, April 24th. B. Riley Financial restated a “buy” rating on shares of MarineMax in a report on Friday, April 24th. Finally, Weiss Ratings upgraded shares of MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boothbay Fund Management LLC acquired a new position in shares of MarineMax during the 3rd quarter valued at about $17,372,000. Divisadero Street Capital Management LP acquired a new position in shares of MarineMax during the 3rd quarter valued at about $16,620,000. Invesco Ltd. increased its stake in shares of 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 last quarter. CenterBook Partners LP increased its stake in shares of MarineMax by 74.7% during the 4th quarter. CenterBook Partners LP now owns 532,452 shares of the specialty retailer’s stock valued at $12,901,000 after acquiring an additional 227,734 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of 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 valued at $4,871,000 after acquiring an additional 180,000 shares during the last quarter. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

MarineMax Price Performance

MarineMax stock opened at $36.99 on Friday. MarineMax has a 52 week low of $21.41 and a 52 week high of $38.14. The company has a quick ratio of 0.32, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is $32.87 and its 200 day simple moving average is $29.17. The firm has a market capitalization of $814.88 million, a PE ratio of -12.58 and a beta of 1.59.

MarineMax (NYSE:HZO) last released its earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share (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 negative net margin of 2.83% and a positive return on equity of 0.68%. The firm’s quarterly revenue was down 16.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, equities research analysts predict that MarineMax will post 0.74 EPS for the current fiscal year.

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

About MarineMax

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.