MarineMax (NYSE:HZO) Price Target Raised to $32.00

MarineMax (NYSE:HZO) had its price objective upped by Citigroup from $29.00 to $32.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

Separately, Truist Financial lowered their price target on MarineMax from $38.00 to $26.00 and set a “buy” rating for the company in a report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $36.50.

MarineMax Price Performance

HZO stock opened at $25.47 on Monday. The company’s 50-day moving average price is $21.96 and its two-hundred day moving average price is $25.20. The firm has a market cap of $546.76 million, a P/E ratio of 10.39 and a beta of 1.58. The company has a quick ratio of 0.31, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. MarineMax has a 12 month low of $16.85 and a 12 month high of $38.20.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.07. MarineMax had a net margin of 2.35% and a return on equity of 5.01%. The business had revenue of $631.52 million for the quarter, compared to analyst estimates of $580.12 million. During the same quarter last year, the business posted $0.18 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts anticipate that MarineMax will post 2.41 earnings per share for the current fiscal year.

Institutional Trading of MarineMax

A number of hedge funds have recently added to or reduced their stakes in HZO. State of Wyoming acquired a new position in shares of MarineMax during the first quarter worth $41,000. Smartleaf Asset Management LLC boosted its holdings in shares of MarineMax by 211.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock valued at $43,000 after acquiring an additional 1,058 shares in the last quarter. US Bancorp DE grew its position in MarineMax by 49.6% during the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 585 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in MarineMax in the 4th quarter worth about $82,000. Finally, KLP Kapitalforvaltning AS acquired a new position in MarineMax in the 4th quarter worth about $113,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Company Profile

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.