Brokerages Set MarineMax, Inc. (NYSE:HZO) Target Price at $31.75

MarineMax, Inc. (NYSE:HZO) has received an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $31.75.

A number of research analysts recently weighed in on the company. Weiss Ratings raised MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. B. Riley Financial reiterated a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Citigroup reiterated a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Finally, Truist Financial set a $34.00 target price on MarineMax in a research report on Tuesday, April 21st.

MarineMax Trading Up 1.9%

Shares of HZO stock opened at $37.70 on Friday. The business’s fifty day moving average price is $33.05 and its 200 day moving average price is $29.23. MarineMax has a 1-year low of $21.41 and a 1-year high of $38.14. The firm has a market capitalization of $830.62 million, a PE ratio of -12.82 and a beta of 1.59. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 0.32.

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

MarineMax announced that its board has approved a share buyback program on Wednesday, March 4th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the specialty retailer to purchase up to 15.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Institutional Trading of MarineMax

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its position in MarineMax by 54.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock worth $26,000 after buying an additional 374 shares during the period. Russell Investments Group Ltd. lifted its position in MarineMax by 93.5% during the third quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock worth $42,000 after buying an additional 808 shares during the period. Fifth Third Bancorp lifted its position in MarineMax by 3,613.3% during the first quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer’s stock worth $114,000 after buying an additional 4,083 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in MarineMax by 129.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock worth $135,000 after buying an additional 2,996 shares during the period. Finally, Jones Financial Companies Lllp purchased a new position in MarineMax during the first quarter worth about $168,000. 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.