B. Riley Lowers MarineMax (NYSE:HZO) to Neutral

B. Riley downgraded shares of MarineMax (NYSE:HZOGet Rating) from a buy rating to a neutral rating in a research report released on Tuesday morning, MarketBeat.com reports. They currently have $44.00 target price on the specialty retailer’s stock, down from their previous target price of $84.00.

Several other equities research analysts have also recently commented on HZO. Citigroup dropped their price objective on MarineMax from $52.00 to $42.00 and set a neutral rating on the stock in a research report on Tuesday, April 19th. StockNews.com assumed coverage on MarineMax in a research report on Thursday, March 31st. They set a buy rating on the stock. Northcoast Research reaffirmed a buy rating on shares of MarineMax in a research report on Tuesday, May 17th. Finally, DA Davidson assumed coverage on MarineMax in a research report on Tuesday, April 26th. They set a buy rating and a $48.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $51.60.

Shares of MarineMax stock opened at $37.18 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.70 and a debt-to-equity ratio of 0.07. The company has a market cap of $800.56 million, a PE ratio of 4.65 and a beta of 1.60. The business has a 50 day moving average of $40.54 and a 200 day moving average of $45.51. MarineMax has a 52 week low of $35.60 and a 52 week high of $61.06.

MarineMax (NYSE:HZOGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The specialty retailer reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.67. MarineMax had a return on equity of 29.39% and a net margin of 8.23%. The business had revenue of $610.10 million during the quarter, compared to the consensus estimate of $541.34 million. During the same quarter in the prior year, the company earned $1.69 earnings per share. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, research analysts anticipate that MarineMax will post 8.24 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the business. Nations Financial Group Inc. IA ADV lifted its holdings in MarineMax by 2.8% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 8,356 shares of the specialty retailer’s stock valued at $493,000 after acquiring an additional 230 shares during the period. Beacon Pointe Advisors LLC raised its stake in shares of MarineMax by 4.4% in the first quarter. Beacon Pointe Advisors LLC now owns 5,460 shares of the specialty retailer’s stock worth $220,000 after buying an additional 230 shares during the period. Lazard Asset Management LLC raised its stake in shares of MarineMax by 16.8% in the fourth quarter. Lazard Asset Management LLC now owns 1,610 shares of the specialty retailer’s stock worth $95,000 after buying an additional 232 shares during the period. Truist Financial Corp raised its stake in shares of MarineMax by 3.4% in the first quarter. Truist Financial Corp now owns 8,181 shares of the specialty retailer’s stock worth $329,000 after buying an additional 267 shares during the period. Finally, Rhumbline Advisers raised its stake in MarineMax by 0.5% during the 1st quarter. Rhumbline Advisers now owns 66,536 shares of the specialty retailer’s stock valued at $2,679,000 after purchasing an additional 315 shares during the period. 97.68% of the stock is currently owned by institutional investors.

MarineMax Company Profile (Get Rating)

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates through 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, pontoon boats, ski boats, jet boats, and other recreational boats.

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