MarineMax, Inc. (NYSE:HZO – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $36.34 and last traded at $36.35, with a volume of 20324 shares trading hands. The stock had previously closed at $34.79.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the company. B. Riley Financial reissued a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Truist Financial set a $34.00 price target on shares of MarineMax in a report on Tuesday, April 21st. Citigroup reiterated a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Finally, Weiss Ratings upgraded shares of MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, MarineMax presently has a consensus rating of “Moderate Buy” and an average target price of $31.75.
MarineMax Stock Performance
MarineMax (NYSE:HZO – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The specialty retailer reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.07. The business had revenue of $527.41 million during the quarter, compared to the consensus estimate of $617.21 million. MarineMax had a negative net margin of 2.83% and a positive return on equity of 0.68%. The business’s revenue was down 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Sell-side analysts expect that MarineMax, Inc. will post 0.74 earnings per share for the current fiscal year.
MarineMax declared that its board has approved a stock buyback plan on Wednesday, March 4th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the specialty retailer to reacquire up to 15.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.
Institutional Trading of MarineMax
Institutional investors have recently bought and sold shares of the stock. Divisadero Street Capital Management LP purchased a new position in shares of MarineMax during the third quarter valued at approximately $16,620,000. Portolan Capital Management LLC lifted its stake in MarineMax by 27.5% in the third quarter. Portolan Capital Management LLC now owns 392,713 shares of the specialty retailer’s stock worth $9,947,000 after acquiring an additional 84,725 shares during the period. Boothbay Fund Management LLC bought a new position in shares of MarineMax during the third quarter valued at approximately $17,372,000. Royce & Associates LP boosted its position in MarineMax by 6.3% during the 3rd quarter. Royce & Associates LP now owns 394,496 shares of the specialty retailer’s stock valued at $9,993,000 after acquiring an additional 23,390 shares in the last quarter. Finally, Simcoe Capital LLC purchased a new position in MarineMax in the fourth quarter valued at about $3,317,000. 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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