MarineMax, Inc. (NYSE:HZO) Stock Rated “Hold” by Wall Street Brokerages

Shares of MarineMax, Inc. (NYSE:HZO) have been given an average recommendation of “Hold” by the eight research firms that are presently covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation. The average 1 year price target among analysts that have issued a report on the stock in the last year is $44.67.

Several brokerages have recently issued reports on HZO. Northcoast Research lowered shares of MarineMax from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Loop Capital downgraded MarineMax from a “buy” rating to a “hold” rating and set a $53.00 price objective on the stock. in a research note on Tuesday, August 11th. Truist Financial lowered MarineMax from a “buy” rating to a “hold” rating and lifted their target price for the stock from $39.00 to $53.00 in a report on Wednesday, August 12th. B. Riley Financial lowered 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. Finally, Weiss Ratings raised MarineMax from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th.

MarineMax Stock Performance

Shares of NYSE:HZO opened at $52.51 on Friday. The firm’s 50 day simple moving average is $52.33 and its 200 day simple moving average is $37.10. MarineMax has a fifty-two week low of $21.42 and a fifty-two week high of $52.65. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 375.04 and a beta of 1.70. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.34.

Hedge Funds Weigh In On MarineMax

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of MarineMax in the 2nd quarter valued at approximately $116,412,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in 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 worth $4,871,000 after buying an additional 180,000 shares during the period. De Lisle Partners LLP bought a new position in MarineMax in the second quarter valued at approximately $6,170,000. Bank of America Corp DE lifted its stake in MarineMax by 19.8% in the first quarter. Bank of America Corp DE now owns 151,964 shares of the specialty retailer’s stock valued at $4,112,000 after buying an additional 25,063 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new position in MarineMax in the first quarter valued at approximately $4,050,000. Institutional investors own 92.85% of the company’s stock.

About MarineMax

MarineMax, Inc is a recreational boat and yacht retailer based in Clearwater, Florida. The company sells new and pre-owned powerboats, sailboats, yachts and related marine products through a network of dealerships and brokerage operations.

In addition to boat sales, MarineMax provides maintenance, repair, storage, parts and other marina services. It also offers financing and insurance products through third-party relationships, as well as charter, yacht-management and boating-lifestyle services through its affiliated businesses.

MarineMax serves customers primarily in the United States, with operations concentrated in boating markets including Florida, the Northeast, the Midwest and other coastal and inland regions.