MarineMax (NYSE:HZO) Shares Gap Up – Still a Buy?

MarineMax, Inc. (NYSE:HZO)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $27.66, but opened at $30.49. MarineMax shares last traded at $31.1010, with a volume of 15,807 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HZO. Benchmark reissued a “buy” rating on shares of MarineMax in a research note on Friday, January 30th. National Bank Financial set a $35.00 price objective on shares of MarineMax in a research note on Friday, January 30th. B. Riley Financial reissued a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Citigroup reissued a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Finally, Zacks Research raised shares of MarineMax from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $31.80.

MarineMax Stock Performance

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 company’s 50-day moving average price is $27.94 and its two-hundred day moving average price is $26.61. The company has a market capitalization of $688.55 million, a price-to-earnings ratio of -10.63 and a beta of 1.55.

MarineMax (NYSE:HZO) last posted its quarterly earnings data on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share for the quarter, topping 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 company had revenue of $527.41 million during the quarter, compared to analysts’ expectations of $617.21 million. During the same period in the prior year, the company posted $0.23 earnings per share. MarineMax’s revenue for the quarter was down 16.5% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, equities research analysts anticipate that MarineMax, Inc. will post 0.74 EPS for the current fiscal year.

MarineMax announced that its board has authorized a stock buyback program on Wednesday, March 4th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the specialty retailer to repurchase up to 15.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On MarineMax

Large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in shares of MarineMax by 54.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock worth $26,000 after buying an additional 374 shares during the period. Russell Investments Group Ltd. grew its holdings in MarineMax by 93.5% in the third quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 808 shares during the period. Fifth Third Bancorp grew its holdings in MarineMax by 3,613.3% in the first quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 4,083 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in MarineMax by 129.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock worth $135,000 after purchasing an additional 2,996 shares during the period. Finally, Bessemer Group Inc. grew its holdings in MarineMax by 5,419.5% in the first quarter. Bessemer Group Inc. now owns 6,789 shares of the specialty retailer’s stock worth $184,000 after purchasing an additional 6,666 shares during the period. 92.85% of the stock is currently owned by institutional investors and hedge funds.

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.