MarineMax, Inc. (NYSE:HZO – Get Free Report) shares saw strong trading volume on Thursday . Approximately 505,604 shares were traded during trading, an increase of 12% from the previous session’s volume of 451,339 shares.The stock last traded at $52.1250 and had previously closed at $52.11.
Wall Street Analyst Weigh In
HZO has been the subject of several analyst reports. Benchmark lowered shares of MarineMax from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Northcoast Research lowered shares of MarineMax from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Weiss Ratings upgraded shares of MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. Loop Capital downgraded shares of MarineMax from a “buy” rating to a “hold” rating and set a $53.00 target price for the company. in a research note on Tuesday, August 11th. Finally, B. Riley Financial lowered shares of MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.00.
View Our Latest Research Report on MarineMax
MarineMax Trading Up 0.1%
MarineMax (NYSE:HZO – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The company had revenue of $611.26 million for the quarter, compared to the consensus estimate of $682.29 million. MarineMax had a return on equity of 1.51% and a net margin of 0.18%.MarineMax’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period last year, the company earned ($2.42) EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, analysts forecast that MarineMax, Inc. will post 0.69 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in HZO. Public Employees Retirement System of Ohio acquired a new position in MarineMax during the second quarter worth $59,000. Russell Investments Group Ltd. lifted its position in MarineMax by 93.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 808 shares in the last quarter. GAMMA Investing LLC boosted its stake in MarineMax by 22.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,941 shares of the specialty retailer’s stock valued at $71,000 after purchasing an additional 360 shares during the last quarter. Fifth Third Bancorp increased its holdings in MarineMax by 3,613.3% during the 1st 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. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised 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 during the last quarter. Institutional investors own 92.85% of the company’s stock.
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.
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