MarineMax (NYSE:HZO) Sets New 52-Week High – Here’s What Happened

MarineMax, Inc. (NYSE:HZO)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $51.95 and last traded at $51.8950, with a volume of 1621051 shares. The stock had previously closed at $35.68.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Truist Financial lifted their target price on shares of MarineMax from $34.00 to $39.00 and gave the company a “buy” rating in a report on Monday, July 6th. B. Riley Financial downgraded MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a report on Tuesday, July 21st. Weiss Ratings raised MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. Northcoast Research set a $39.00 price objective on shares of MarineMax in a research note on Friday, July 24th. Finally, Citigroup reissued a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.40.

MarineMax Trading Up 45.9%

The stock has a 50-day moving average price of $34.83 and a two-hundred day moving average price of $31.21. The stock has a market capitalization of $1.15 billion, a PE ratio of 371.78 and a beta of 1.58. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 1.23.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $611.26 million for the quarter, compared to analysts’ expectations of $682.29 million. MarineMax had a net margin of 0.18% and a return on equity of 1.51%. MarineMax’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($2.42) EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, equities analysts forecast that MarineMax, Inc. will post 0.69 earnings per share for the current year.

Institutional Investors Weigh In On MarineMax

Institutional investors and hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. bought a new position in MarineMax during the first quarter valued at approximately $4,050,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of MarineMax by 857,142.9% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 180,021 shares of the specialty retailer’s stock valued at $4,871,000 after acquiring an additional 180,000 shares during the last quarter. Simcoe Capital LLC purchased a new position in shares of MarineMax in the fourth quarter valued at $3,317,000. Prescott Group Capital Management L.L.C. grew its holdings in shares of MarineMax by 64.1% in the fourth 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. Finally, CenterBook Partners LP increased its position in MarineMax by 74.7% in the fourth quarter. CenterBook Partners LP now owns 532,452 shares of the specialty retailer’s stock worth $12,901,000 after purchasing an additional 227,734 shares during the last quarter. Institutional investors own 92.85% of the company’s stock.

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.