MarineMax, Inc. (NYSE:HZO – Get Free Report) has been given a consensus rating of “Hold” by the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $44.67.
Several brokerages recently commented on HZO. Truist Financial downgraded shares of MarineMax from a “buy” rating to a “hold” rating and lifted their target price for the stock from $39.00 to $53.00 in a research note on Wednesday, August 12th. Northcoast Research lowered shares of MarineMax from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Loop Capital cut shares of MarineMax from a “buy” rating to a “hold” rating and set a $53.00 price objective on the stock. in a research report on Tuesday, August 11th. Citigroup downgraded shares of MarineMax from a “buy” rating to a “neutral” rating and upped their price objective for the company from $41.00 to $53.00 in a research note on Friday, October 2nd. Finally, Benchmark cut MarineMax from a “buy” rating to a “hold” rating in a research note on Monday, August 10th.
View Our Latest Analysis on HZO
Institutional Trading of MarineMax
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in MarineMax in the second quarter worth $116,412,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in MarineMax by 857,142.9% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 180,021 shares of the specialty retailer’s stock worth $4,871,000 after purchasing an additional 180,000 shares in the last quarter. De Lisle Partners LLP purchased a new position in MarineMax during the second quarter valued at $6,170,000. Pacer Advisors Inc. purchased a new position in MarineMax during the first quarter valued at $4,050,000. Finally, Bank of New York Mellon Corp purchased a new stake in MarineMax in the second quarter worth about $4,535,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.
MarineMax Price Performance
Shares of MarineMax stock opened at $52.65 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.34. The business’s 50 day simple moving average is $52.35 and its two-hundred day simple moving average is $37.35. The stock has a market capitalization of $1.16 billion, a P/E ratio of 87.65 and a beta of 1.70. MarineMax has a one year low of $21.42 and a one year high of $52.76.
MarineMax Company Profile
MarineMax, Inc is a recreational boat and yacht retailer based in Clearwater, Florida. The company sells new and pre-owned powerboats, sailboats, yachts and related marine products through a network of dealerships and brokerage operations.
In addition to boat sales, MarineMax provides maintenance, repair, storage, parts and other marina services. It also offers financing and insurance products through third-party relationships, as well as charter, yacht-management and boating-lifestyle services through its affiliated businesses.
MarineMax serves customers primarily in the United States, with operations concentrated in boating markets including Florida, the Northeast, the Midwest and other coastal and inland regions.
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