MarineMax, Inc. (NYSE:HZO – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.92 and traded as high as $34.82. MarineMax shares last traded at $34.6060, with a volume of 326,335 shares changing hands.
Wall Street Analyst Weigh In
HZO has been the topic of several recent research reports. Weiss Ratings upgraded shares of MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. B. Riley Financial reiterated a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Citigroup reiterated a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Finally, Truist Financial set a $34.00 price objective on shares of MarineMax in a research report on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $31.80.
Read Our Latest Research Report on HZO
MarineMax Price Performance
MarineMax (NYSE:HZO – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. MarineMax had a negative net margin of 2.83% and a positive return on equity of 0.68%. The company had revenue of $527.41 million for the quarter, compared to the consensus estimate of $617.21 million. During the same period in the previous year, the firm earned $0.23 EPS. MarineMax’s revenue was down 16.5% on a year-over-year basis. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, sell-side analysts anticipate that MarineMax, Inc. will post 0.74 EPS for the current year.
MarineMax announced that its board has approved a share repurchase program on Wednesday, March 4th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to repurchase up to 15.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.
Institutional Trading of MarineMax
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of MarineMax by 19.8% in the 1st quarter. Bank of America Corp DE now owns 151,964 shares of the specialty retailer’s stock worth $4,112,000 after purchasing an additional 25,063 shares in the last quarter. RBF Capital LLC raised its holdings in shares of MarineMax by 32.8% in the 1st quarter. RBF Capital LLC now owns 106,830 shares of the specialty retailer’s stock worth $2,891,000 after purchasing an additional 26,410 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of MarineMax by 9.8% in the 1st quarter. Empowered Funds LLC now owns 103,784 shares of the specialty retailer’s stock worth $2,808,000 after purchasing an additional 9,262 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of MarineMax by 17.4% in the 1st quarter. Quantinno Capital Management LP now owns 31,127 shares of the specialty retailer’s stock worth $842,000 after purchasing an additional 4,615 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of MarineMax by 4.0% in the 1st quarter. Swiss National Bank now owns 38,900 shares of the specialty retailer’s stock worth $1,053,000 after purchasing an additional 1,500 shares in the last quarter. 92.85% of the stock is currently owned by institutional investors.
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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