Brokerages Set MarineMax, Inc. (NYSE:HZO) Target Price at $33.00

Shares of MarineMax, Inc. (NYSE:HZO) have been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $34.50.

Several analysts have recently weighed in on the company. Weiss Ratings raised MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. B. Riley Financial lowered MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a research note on Tuesday. Truist Financial raised their target price on MarineMax from $34.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Finally, Citigroup reiterated a “buy” rating on shares of MarineMax in a research note on Friday, April 24th.

Institutional Trading of MarineMax

Several institutional investors have recently made changes to their positions in the business. Annis Gardner Whiting Capital Advisors LLC raised its stake in MarineMax by 857,142.9% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 180,021 shares of the specialty retailer’s stock worth $4,871,000 after acquiring an additional 180,000 shares in the last quarter. Simcoe Capital LLC bought a new position in shares of MarineMax during the fourth quarter valued at $3,317,000. Prescott Group Capital Management L.L.C. boosted its stake in shares of MarineMax by 64.1% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 132,601 shares of the specialty retailer’s stock valued at $3,213,000 after purchasing an additional 51,808 shares in the last quarter. CenterBook Partners LP boosted its stake in shares of MarineMax by 74.7% in the 4th quarter. CenterBook Partners LP now owns 532,452 shares of the specialty retailer’s stock valued at $12,901,000 after purchasing an additional 227,734 shares in the last quarter. Finally, Gagnon Securities LLC increased its position in shares of MarineMax by 23.2% during the 4th quarter. Gagnon Securities LLC now owns 322,053 shares of the specialty retailer’s stock worth $7,803,000 after purchasing an additional 60,704 shares in the last quarter. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Stock Down 1.0%

HZO stock opened at $32.88 on Thursday. MarineMax has a twelve month low of $21.41 and a twelve month high of $38.14. The company has a market cap of $724.46 million, a PE ratio of -11.19 and a beta of 1.58. The business’s 50-day simple moving average is $34.54 and its 200 day simple moving average is $30.53. The company has a quick ratio of 0.32, a current ratio of 1.18 and a debt-to-equity ratio of 0.36.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.07. MarineMax had a positive return on equity of 0.68% and a negative net margin of 2.83%.The firm had revenue of $527.41 million during the quarter, compared to analysts’ expectations of $617.21 million. During the same quarter in the prior year, the firm posted $0.23 EPS. The company’s revenue for the quarter was down 16.5% on a year-over-year basis. On average, research analysts anticipate that MarineMax will post 0.74 earnings per share for the current year.

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.