MarineMax (NYSE:HZO) Stock Price Down 8.5% – What’s Next?

MarineMax, Inc. (NYSE:HZO)’s stock price was down 8.5% on Tuesday . The company traded as low as $26.38 and last traded at $26.36. Approximately 133,662 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 282,558 shares. The stock had previously closed at $28.82.

Analysts Set New Price Targets

HZO has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Loop Capital initiated coverage on shares of MarineMax in a research report on Monday, December 22nd. They issued a “buy” rating and a $29.00 price objective for the company. Truist Financial lifted their price objective on MarineMax from $26.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Citigroup reissued a “buy” rating on shares of MarineMax in a research note on Wednesday, January 14th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of MarineMax in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, MarineMax currently has an average rating of “Moderate Buy” and an average price target of $33.00.

MarineMax Stock Down 7.6%

The firm has a 50 day moving average of $24.82 and a two-hundred day moving average of $25.24. The stock has a market capitalization of $582.25 million, a PE ratio of -17.18 and a beta of 1.65. The company has a current ratio of 1.20, a quick ratio of 0.32 and a debt-to-equity ratio of 0.38.

MarineMax (NYSE:HZO) last posted its 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. MarineMax had a positive return on equity of 2.00% and a negative net margin of 1.37%.The company had revenue of $552.15 million for the quarter, compared to the consensus estimate of $533.05 million. During the same period in the previous year, the business earned $0.24 earnings per share. MarineMax’s quarterly revenue was down 1.9% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Equities research analysts anticipate that MarineMax, Inc. will post 2.41 earnings per share for the current year.

Hedge Funds Weigh In On MarineMax

Hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its holdings in shares of MarineMax by 16.6% in the second quarter. American Century Companies Inc. now owns 2,432,173 shares of the specialty retailer’s stock valued at $61,145,000 after purchasing an additional 345,833 shares in the last quarter. Levin Capital Strategies L.P. raised its position in shares of MarineMax by 44.5% during the 2nd quarter. Levin Capital Strategies L.P. now owns 734,279 shares of the specialty retailer’s stock worth $18,460,000 after purchasing an additional 225,992 shares during the last quarter. Invesco Ltd. lifted its stake in MarineMax by 115.6% in the 2nd quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock valued at $18,002,000 after buying an additional 383,926 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in MarineMax during the 3rd quarter valued at $17,372,000. Finally, Divisadero Street Capital Management LP purchased a new position in MarineMax during the third quarter worth $16,620,000. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

About MarineMax

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.