Royal Bank of Canada Decreases Stock Holdings in MarineMax, Inc. $HZO

Royal Bank of Canada reduced its position in shares of MarineMax, Inc. (NYSE:HZO) by 96.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,929 shares of the specialty retailer’s stock after selling 180,187 shares during the quarter. Royal Bank of Canada’s holdings in MarineMax were worth $160,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew its holdings in MarineMax by 11.0% in the 4th quarter. State Street Corp now owns 953,009 shares of the specialty retailer’s stock worth $23,091,000 after acquiring an additional 94,356 shares during the last quarter. Boothbay Fund Management LLC raised its stake in shares of MarineMax by 13.0% during the fourth quarter. Boothbay Fund Management LLC now owns 774,918 shares of the specialty retailer’s stock valued at $18,776,000 after acquiring an additional 89,080 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of MarineMax by 115.6% during the second quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock worth $18,002,000 after purchasing an additional 383,926 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of MarineMax by 22.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 592,471 shares of the specialty retailer’s stock worth $14,356,000 after purchasing an additional 109,241 shares during the period. Finally, CenterBook Partners LP grew its stake in shares of 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. Hedge funds and other institutional investors own 92.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HZO. Weiss Ratings upgraded MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 24th. Truist Financial cut shares of MarineMax from a “buy” rating to a “hold” rating and lifted their price target for the company from $39.00 to $53.00 in a report on Wednesday, August 12th. B. Riley Financial downgraded shares of MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a research report on Tuesday, July 21st. Northcoast Research lowered shares of MarineMax from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Finally, Loop Capital cut shares of MarineMax from a “buy” rating to a “hold” rating and set a $53.00 target price for the company. in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, MarineMax presently has an average rating of “Hold” and a consensus price target of $43.00.

MarineMax Stock Down 0.0%

Shares of NYSE:HZO opened at $52.18 on Friday. The firm has a market capitalization of $1.15 billion, a P/E ratio of 372.71 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. The stock has a 50 day moving average price of $40.27 and a 200-day moving average price of $33.68. MarineMax, Inc. has a 52-week low of $21.42 and a 52-week high of $52.46.

MarineMax (NYSE:HZO) last released 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 the consensus estimate of $682.29 million. MarineMax had a net margin of 0.18% and a return on equity of 1.51%. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($2.42) earnings per share. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, equities research analysts anticipate that MarineMax, Inc. will post 0.69 EPS for the current fiscal year.

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.