MarineMax, Inc. (NYSE:HZO) Receives $34.00 Average Price Target from Brokerages

MarineMax, Inc. (NYSE:HZO) has been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $34.00.

Several research firms have recently commented on HZO. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MarineMax in a report on Wednesday, October 8th. Truist Financial raised their target price on shares of MarineMax from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Wall Street Zen raised MarineMax from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Zacks Research downgraded MarineMax from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd.

Institutional Trading of MarineMax

A number of large investors have recently modified their holdings of the company. Rhumbline Advisers boosted its stake in MarineMax by 0.7% during the 3rd quarter. Rhumbline Advisers now owns 65,383 shares of the specialty retailer’s stock valued at $1,656,000 after purchasing an additional 439 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of MarineMax by 52.7% in the second quarter. PNC Financial Services Group Inc. now owns 1,351 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 466 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of MarineMax by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock valued at $278,000 after buying an additional 546 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its position in shares of MarineMax by 12.8% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 5,008 shares of the specialty retailer’s stock worth $126,000 after buying an additional 567 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its holdings in MarineMax by 3.0% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 22,400 shares of the specialty retailer’s stock worth $563,000 after buying an additional 646 shares in the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Price Performance

Shares of HZO opened at $23.89 on Wednesday. MarineMax has a 52 week low of $16.85 and a 52 week high of $33.45. The company has a current ratio of 1.20, a quick ratio of 0.32 and a debt-to-equity ratio of 0.38. The firm has a market cap of $522.39 million, a price-to-earnings ratio of -15.41 and a beta of 1.66. The stock has a 50 day moving average of $24.65 and a 200-day moving average of $24.86.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, November 13th. The specialty retailer reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.11. MarineMax had a positive return on equity of 2.00% and a negative net margin of 1.37%.The firm had revenue of $552.15 million for the quarter, compared to analysts’ expectations of $533.05 million. During the same period last year, the business posted $0.24 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, analysts forecast that MarineMax will post 2.41 EPS for the current year.

MarineMax Company Profile

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.