MarineMax (NYSE:HZO) Shares Up 8.7% – Still a Buy?

Shares of MarineMax, Inc. (NYSE:HZO) traded up 8.7% during mid-day trading on Wednesday . The company traded as high as $27.96 and last traded at $29.01. 126,149 shares changed hands during trading, a decline of 55% from the average session volume of 283,427 shares. The stock had previously closed at $26.68.

Analyst Ratings Changes

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

MarineMax Stock Up 7.3%

The company has a market cap of $625.92 million, a PE ratio of -18.46 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. The company’s 50 day moving average is $24.88 and its 200 day moving average is $25.23.

MarineMax (NYSE:HZO) last issued 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 negative net margin of 1.37% and a positive return on equity of 2.00%. The business had revenue of $552.15 million for the quarter, compared to analyst estimates of $533.05 million. During the same period last year, the company posted $0.24 earnings per share. The company’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. As a group, analysts predict that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MarineMax

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

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.