MarineMax, Inc. (NYSE:HZO) Receives $41.83 Consensus Target Price from Brokerages

MarineMax, Inc. (NYSE:HZO) has received an average rating of “Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $41.83.

Several equities analysts recently weighed in on HZO shares. StockNews.com cut shares of MarineMax from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Citigroup upgraded MarineMax from a “neutral” rating to a “buy” rating and raised their price objective for the company from $40.00 to $44.00 in a research report on Monday, September 9th. Finally, Benchmark initiated coverage on MarineMax in a research report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 target price on the stock.

Institutional Investors Weigh In On MarineMax

Several large investors have recently added to or reduced their stakes in HZO. Canada Pension Plan Investment Board bought a new stake in shares of MarineMax in the 2nd quarter valued at approximately $52,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in MarineMax in the third quarter worth $67,000. Point72 Asset Management L.P. bought a new stake in MarineMax in the third quarter worth $143,000. Bfsg LLC boosted its stake in MarineMax by 19.1% during the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock worth $150,000 after buying an additional 681 shares during the period. Finally, Systematic Financial Management LP bought a new position in MarineMax during the third quarter valued at $183,000. 92.85% of the stock is owned by institutional investors.

MarineMax Trading Up 1.0 %

Shares of HZO stock opened at $28.54 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.34 and a current ratio of 1.19. The stock has a fifty day simple moving average of $30.86 and a two-hundred day simple moving average of $31.96. The firm has a market capitalization of $644.86 million, a PE ratio of 17.30 and a beta of 1.87. MarineMax has a 52-week low of $22.51 and a 52-week high of $39.85.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, October 31st. The specialty retailer reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. The company had revenue of $563.10 million for the quarter, compared to analysts’ expectations of $576.49 million. During the same period in the previous year, the firm earned $0.69 EPS. The firm’s revenue was down 5.3% compared to the same quarter last year. On average, analysts predict that MarineMax will post 2.33 EPS for the current fiscal year.

About MarineMax

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.