MarineMax (NYSE:HZO) Shares Up 9.5% – Time to Buy?

MarineMax, Inc. (NYSE:HZO) shares shot up 9.5% during mid-day trading on Friday . The stock traded as high as $23.58 and last traded at $23.4760. 107,424 shares were traded during mid-day trading, a decline of 69% from the average session volume of 346,549 shares. The stock had previously closed at $21.43.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HZO shares. B. Riley restated a “buy” rating on shares of MarineMax in a report on Friday, July 25th. Zacks Research cut MarineMax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Truist Financial upped their price target on MarineMax from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of MarineMax in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Five equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, MarineMax presently has a consensus rating of “Hold” and an average target price of $34.00.

MarineMax Trading Up 9.8%

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.29 and a current ratio of 1.21. The firm has a fifty day moving average price of $25.13 and a 200 day moving average price of $24.74. The company has a market cap of $514.71 million, a price-to-earnings ratio of -17.56 and a beta of 1.60.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, November 13th. The specialty retailer reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.11. MarineMax had a negative net margin of 1.15% and a positive return on equity of 2.63%. The firm had revenue of $552.15 million for the quarter, compared to analyst estimates of $533.05 million. During the same period in the prior year, the firm 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, equities analysts predict that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO W Brett Mcgill sold 60,000 shares of MarineMax stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $27.53, for a total transaction of $1,651,800.00. Following the completion of the transaction, the chief executive officer owned 173,038 shares in the company, valued at approximately $4,763,736.14. This trade represents a 25.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.00% of the company’s stock.

Institutional Trading of MarineMax

A number of hedge funds have recently made changes to their positions in the business. Acuitas Investments LLC boosted its stake in shares of MarineMax by 24.9% during the 3rd quarter. Acuitas Investments LLC now owns 131,538 shares of the specialty retailer’s stock worth $3,332,000 after acquiring an additional 26,257 shares during the period. Caxton Associates LLP lifted its holdings in MarineMax by 16.0% during the 3rd quarter. Caxton Associates LLP now owns 52,820 shares of the specialty retailer’s stock valued at $1,338,000 after purchasing an additional 7,280 shares during the last quarter. Verition Fund Management LLC boosted its position in MarineMax by 8.7% during the third quarter. Verition Fund Management LLC now owns 15,794 shares of the specialty retailer’s stock worth $400,000 after purchasing an additional 1,261 shares during the period. Divisadero Street Capital Management LP bought a new position in MarineMax during the third quarter worth $16,620,000. Finally, Boothbay Fund Management LLC acquired a new position in shares of MarineMax in the third quarter valued at $17,372,000. 92.85% of the stock is owned by institutional investors and hedge funds.

About MarineMax

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.