MarineMax, Inc. (NYSE:HZO – Get Free Report) has received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $43.00.
A number of brokerages recently issued reports on HZO. Northcoast Research lowered shares of MarineMax from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Weiss Ratings upgraded MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. Benchmark cut MarineMax from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Truist Financial downgraded MarineMax from a “buy” rating to a “hold” rating and lifted their target price for the company from $39.00 to $53.00 in a research report on Wednesday, August 12th. Finally, Loop Capital cut MarineMax from a “buy” rating to a “hold” rating and set a $53.00 price target for the company. in a report on Tuesday, August 11th.
Read Our Latest Report on MarineMax
MarineMax Stock Performance
MarineMax (NYSE:HZO – Get Free Report) last issued its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). MarineMax had a net margin of 0.18% and a return on equity of 1.51%. The company had revenue of $611.26 million during the quarter, compared to analysts’ expectations of $682.29 million. During the same quarter in the previous year, the company earned ($2.42) earnings per share. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, research analysts predict that MarineMax will post 0.69 EPS for the current year.
Institutional Investors Weigh In On MarineMax
A number of institutional investors have recently made changes to their positions in HZO. Pacer Advisors Inc. purchased a new position in shares of MarineMax in the first quarter valued at approximately $4,050,000. De Lisle Partners LLP purchased a new stake in MarineMax during the 2nd quarter worth approximately $6,170,000. SWS Partners purchased a new stake in MarineMax during the 2nd quarter worth approximately $1,097,000. BlackRock Inc. acquired a new stake in MarineMax during the 2nd quarter worth approximately $116,412,000. Finally, DCF Advisers LLC acquired a new stake in MarineMax during the 2nd quarter worth approximately $2,106,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.
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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