MarineMax, Inc. (NYSE:HZO) Given Average Recommendation of “Buy” by Brokerages

MarineMax, Inc. (NYSE:HZO) has received a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $38.50.

Separately, Truist Financial decreased their price target on shares of MarineMax from $38.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, April 14th.

MarineMax Trading Down 4.5%

Shares of MarineMax stock opened at $23.94 on Wednesday. The firm’s 50 day moving average is $21.62 and its 200 day moving average is $25.26. The firm has a market capitalization of $514.06 million, a PE ratio of 10.06 and a beta of 1.58. MarineMax has a 1 year low of $16.85 and a 1 year high of $38.20. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35.

MarineMax (NYSE:HZO) last issued its earnings results on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. The business had revenue of $631.52 million during the quarter, compared to analysts’ expectations of $580.12 million. During the same quarter in the prior year, the firm earned $0.18 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities research analysts forecast that MarineMax will post 2.41 earnings per share for the current fiscal year.

Institutional Trading of MarineMax

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of MarineMax by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,375 shares of the specialty retailer’s stock valued at $358,000 after purchasing an additional 532 shares during the last quarter. US Bancorp DE lifted its holdings in MarineMax by 49.6% in the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 585 shares during the period. SWS Partners boosted its position in MarineMax by 3.4% during the first quarter. SWS Partners now owns 21,243 shares of the specialty retailer’s stock valued at $457,000 after acquiring an additional 691 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in MarineMax by 6.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 11,776 shares of the specialty retailer’s stock worth $341,000 after acquiring an additional 732 shares during the period. Finally, Empowered Funds LLC raised its position in shares of MarineMax by 4.7% in the 4th quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer’s stock worth $651,000 after acquiring an additional 1,006 shares in the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Company Profile

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.