MarineMax, Inc. (NYSE:HZO) Stock Rated “Hold” by Wall Street Brokerages

Shares of MarineMax, Inc. (NYSE:HZO) have been given an average recommendation of “Hold” by the eight research firms that are presently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $43.00.

Several research firms recently commented on HZO. Loop Capital cut MarineMax from a “buy” rating to a “hold” rating and set a $53.00 price objective on the stock. in a research report on Tuesday, August 11th. B. Riley Financial cut shares of MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price objective for the company. in a report on Tuesday, July 21st. Weiss Ratings upgraded shares of MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. Truist Financial cut shares of MarineMax from a “buy” rating to a “hold” rating and raised their target price for the stock from $39.00 to $53.00 in a report on Wednesday, August 12th. Finally, Northcoast Research downgraded shares of MarineMax from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th.

Institutional Trading of MarineMax

Large investors have recently modified their holdings of the company. Arizona State Retirement System purchased a new stake in shares of MarineMax during the 2nd quarter valued at about $200,000. Amundi purchased a new position in shares of MarineMax in the second quarter worth approximately $226,000. Round Rock Advisors LLC grew its position in MarineMax by 92.0% during the second quarter. Round Rock Advisors LLC now owns 120,030 shares of the specialty retailer’s stock valued at $4,395,000 after buying an additional 57,521 shares during the period. Empowered Funds LLC bought a new stake in MarineMax during the second quarter valued at approximately $4,093,000. Finally, Public Employees Retirement System of Ohio bought a new stake in MarineMax during the second quarter valued at approximately $59,000. Institutional investors own 92.85% of the company’s stock.

MarineMax Stock Performance

HZO stock opened at $52.40 on Tuesday. The stock has a market capitalization of $1.16 billion, a PE ratio of 374.25 and a beta of 1.70. MarineMax has a 12-month low of $21.42 and a 12-month high of $52.56. The company has a current ratio of 1.23, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The stock’s 50 day simple moving average is $48.86 and its 200 day simple moving average is $37.82.

MarineMax (NYSE:HZO) last issued 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 business had revenue of $611.26 million for the quarter, compared to analysts’ expectations of $682.29 million. During the same quarter in the prior year, the business posted ($2.42) earnings per share. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, research analysts forecast that MarineMax will post 0.69 earnings per share for the current fiscal year.

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.