MarineMax, Inc. (NYSE:HZO) Given Consensus Rating of “Moderate Buy” by Brokerages

MarineMax, Inc. (NYSE:HZO) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $34.00.

A number of analysts recently issued reports on the stock. B. Riley restated a “buy” rating on shares of MarineMax in a research report on Friday, July 25th. Wall Street Zen downgraded MarineMax from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Zacks Research upgraded MarineMax from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 23rd. Truist Financial raised their price target on MarineMax from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of MarineMax in a research note on Wednesday, October 8th.

Insiders Place Their Bets

In other MarineMax news, CEO W Brett Mcgill sold 60,000 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $27.53, for a total transaction of $1,651,800.00. Following the transaction, the chief executive officer owned 173,038 shares of the company’s stock, valued at $4,763,736.14. This trade represents a 25.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in MarineMax by 52.7% during the second quarter. PNC Financial Services Group Inc. now owns 1,351 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 466 shares during the period. State of Wyoming acquired a new position in shares of MarineMax in the 1st quarter valued at about $41,000. MTM Investment Management LLC purchased a new stake in shares of MarineMax during the 2nd quarter worth about $42,000. Police & Firemen s Retirement System of New Jersey increased its position in MarineMax by 12.8% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,008 shares of the specialty retailer’s stock worth $126,000 after purchasing an additional 567 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in MarineMax during the 1st quarter worth approximately $168,000. 92.85% of the stock is owned by hedge funds and other institutional investors.

MarineMax Trading Up 1.5%

MarineMax stock opened at $25.90 on Tuesday. The stock has a 50-day moving average price of $26.05 and a 200 day moving average price of $24.09. MarineMax has a 52 week low of $16.85 and a 52 week high of $35.46. The stock has a market cap of $555.81 million, a PE ratio of -19.33 and a beta of 1.53. The company has a current ratio of 1.21, a quick ratio of 0.29 and a debt-to-equity ratio of 0.38.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.67). The firm had revenue of $657.16 million for the quarter, compared to analyst estimates of $737.82 million. MarineMax had a positive return on equity of 2.63% and a negative net margin of 1.15%.MarineMax’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.51 earnings per share. MarineMax has set its FY 2025 guidance at 0.450-0.950 EPS. Equities research analysts predict that MarineMax will post 2.41 earnings per share for the current fiscal year.

About MarineMax

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.