MarineMax, Inc. (NYSE:HZO) Given Average Recommendation of “Moderate Buy” by Analysts

MarineMax, Inc. (NYSE:HZO) has received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $31.80.

HZO has been the subject of a number of recent research reports. Benchmark reissued a “buy” rating on shares of MarineMax in a research report on Friday, January 30th. Truist Financial set a $34.00 price target on shares of MarineMax in a research report on Tuesday, April 21st. National Bank Financial set a $35.00 price target on shares of MarineMax in a research report on Friday, January 30th. B. Riley Financial reissued a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Finally, Citigroup reissued a “buy” rating on shares of MarineMax in a research report on Friday, April 24th.

MarineMax Stock Performance

Shares of MarineMax stock opened at $34.70 on Wednesday. The firm has a market capitalization of $764.44 million, a P/E ratio of -11.80 and a beta of 1.55. The company has a quick ratio of 0.32, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average price of $29.45 and a 200 day moving average price of $27.44. MarineMax has a 52 week low of $20.52 and a 52 week high of $36.25.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. MarineMax had a negative net margin of 2.83% and a positive return on equity of 0.68%. The company had revenue of $527.41 million during the quarter, compared to analyst estimates of $617.21 million. During the same period last year, the firm posted $0.23 EPS. MarineMax’s revenue for the quarter was down 16.5% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Sell-side analysts expect that MarineMax will post 0.74 EPS for the current year.

MarineMax declared that its board has initiated a share repurchase program on Wednesday, March 4th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the specialty retailer to purchase up to 15.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On MarineMax

A number of institutional investors have recently bought and sold shares of HZO. Royal Bank of Canada raised its position in MarineMax by 6.9% during the 1st quarter. Royal Bank of Canada now owns 140,829 shares of the specialty retailer’s stock worth $3,027,000 after buying an additional 9,050 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of MarineMax by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock valued at $278,000 after purchasing an additional 546 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in shares of MarineMax during the 1st quarter valued at approximately $168,000. Goldman Sachs Group Inc. increased its holdings in shares of MarineMax by 69.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock valued at $7,496,000 after purchasing an additional 142,775 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of MarineMax by 115.6% during the 2nd quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock valued at $18,002,000 after purchasing an additional 383,926 shares in the last quarter. 92.85% of the stock is 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.