MarineMax, Inc. (NYSE:HZO – Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $34.68 and last traded at $34.2130, with a volume of 213865 shares trading hands. The stock had previously closed at $33.59.
Analyst Ratings Changes
A number of brokerages have recently weighed in on HZO. Zacks Research raised shares of MarineMax from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings upgraded MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Truist Financial set a $34.00 price target on shares of MarineMax in a report on Tuesday, April 21st. B. Riley Financial reaffirmed a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Finally, Benchmark restated a “buy” rating on shares of MarineMax in a report on Friday, January 30th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.80.
Get Our Latest Stock Analysis on HZO
MarineMax Price Performance
MarineMax (NYSE:HZO – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $527.41 million during the quarter, compared to the consensus estimate of $617.21 million. MarineMax’s revenue was down 16.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, research analysts forecast that MarineMax, Inc. will post 0.74 EPS for the current year.
MarineMax announced that its board has initiated a share repurchase program on Wednesday, March 4th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the specialty retailer to reacquire up to 15.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.
Institutional Trading of MarineMax
Several hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its stake in MarineMax by 54.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 374 shares during the period. Russell Investments Group Ltd. boosted 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 purchasing an additional 808 shares during the period. Fifth Third Bancorp increased its stake in shares of MarineMax by 3,613.3% in the first quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 4,083 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MarineMax by 129.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock worth $135,000 after purchasing an additional 2,996 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of MarineMax by 5,419.5% in the first quarter. Bessemer Group Inc. now owns 6,789 shares of the specialty retailer’s stock valued at $184,000 after purchasing an additional 6,666 shares during the period. 92.85% of the stock is currently owned by institutional investors.
About MarineMax
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.
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