MarineMax (NYSE:HZO) Trading Up 8.1% – What’s Next?

MarineMax, Inc. (NYSE:HZO) shot up 8.1% on Monday . The stock traded as high as $25.65 and last traded at $25.76. 35,965 shares were traded during mid-day trading, a decline of 90% from the average session volume of 344,810 shares. The stock had previously closed at $23.82.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HZO shares. Weiss Ratings reiterated a “sell (d)” rating on shares of MarineMax in a research note on Wednesday, October 8th. Zacks Research cut MarineMax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Wall Street Zen upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Finally, Truist Financial upped 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. Five research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $34.00.

MarineMax Price Performance

The firm has a market capitalization of $561.84 million, a PE ratio of -16.59 and a beta of 1.66. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.20 and a quick ratio of 0.32. The business’s 50 day moving average is $24.65 and its two-hundred day moving average is $24.86.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, November 13th. The specialty retailer reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.11. The business had revenue of $552.15 million during the quarter, compared to analysts’ expectations of $533.05 million. MarineMax had a negative net margin of 1.37% and a positive return on equity of 2.00%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, research analysts anticipate that MarineMax, Inc. will post 2.41 EPS for the current year.

Institutional Investors Weigh In On MarineMax

Several hedge funds have recently added to or reduced their stakes in the company. Acuitas Investments LLC boosted its holdings in shares of MarineMax by 24.9% in the 3rd quarter. Acuitas Investments LLC now owns 131,538 shares of the specialty retailer’s stock worth $3,332,000 after purchasing an additional 26,257 shares in the last quarter. Caxton Associates LLP lifted its position in MarineMax by 16.0% in the 3rd quarter. Caxton Associates LLP now owns 52,820 shares of the specialty retailer’s stock worth $1,338,000 after buying an additional 7,280 shares during the last quarter. Verition Fund Management LLC boosted its stake in MarineMax by 8.7% in the third quarter. Verition Fund Management LLC now owns 15,794 shares of the specialty retailer’s stock worth $400,000 after buying an additional 1,261 shares in the last quarter. Divisadero Street Capital Management LP bought a new position in MarineMax during the third quarter valued at approximately $16,620,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of MarineMax during the third quarter worth approximately $17,372,000. Institutional investors own 92.85% of the company’s stock.

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.