Gagnon Advisors LLC Buys 42,639 Shares of MarineMax, Inc. $HZO

Gagnon Advisors LLC grew its stake in shares of MarineMax, Inc. (NYSE:HZO – Free Report) by 28.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 194,484 shares of the specialty retailer’s stock after acquiring an additional 42,639 shares during the period. MarineMax comprises approximately 3.0% of Gagnon Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Gagnon Advisors LLC’s holdings in MarineMax were worth $4,712,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HZO. Royal Bank of Canada raised its stake in shares of MarineMax by 6.9% during the first quarter. Royal Bank of Canada now owns 140,829 shares of the specialty retailer’s stock valued at $3,027,000 after acquiring an additional 9,050 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of MarineMax by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock valued at $278,000 after acquiring an additional 546 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of MarineMax during the first quarter valued at approximately $168,000. Goldman Sachs Group Inc. raised its stake in shares of MarineMax by 69.3% during the first quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock valued at $7,496,000 after acquiring an additional 142,775 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of MarineMax by 115.6% during the second quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock valued at $18,002,000 after acquiring an additional 383,926 shares in the last quarter. Institutional investors own 92.85% of the company’s stock.

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MarineMax Trading Up 1.4%

NYSE:HZO opened at $34.08 on Friday. MarineMax, Inc. has a 52 week low of $21.41 and a 52 week high of $36.25. The firm has a 50 day moving average of $31.56 and a 200 day moving average of $28.43. The company has a quick ratio of 0.32, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $750.67 million, a price-to-earnings ratio of -11.59 and a beta of 1.59.

MarineMax (NYSE:HZO – Get Free Report) last posted its earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $617.21 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. MarineMax’s revenue for the quarter was down 16.5% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

MarineMax announced that its board has approved a share repurchase plan on Wednesday, March 4th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the specialty retailer to purchase up to 15.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HZO shares. B. Riley Financial reaffirmed a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Weiss Ratings upgraded shares of MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Citigroup reiterated a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Finally, Truist Financial set a $34.00 price objective on shares of MarineMax in a research note on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.80.

View Our Latest Research Report on MarineMax

About MarineMax

(Free Report)

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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