Shares of MarineMax, Inc. (NYSE:HZO – Get Free Report) reached a new 52-week high on Monday . The company traded as high as $52.56 and last traded at $52.4250, with a volume of 1250494 shares. The stock had previously closed at $52.56.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on HZO shares. Weiss Ratings upgraded MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 24th. B. Riley Financial lowered MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a report on Tuesday, July 21st. Loop Capital cut 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. Benchmark lowered MarineMax from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Truist Financial cut MarineMax from a “buy” rating to a “hold” rating and raised their target price for the stock from $39.00 to $53.00 in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $43.00.
View Our Latest Analysis on HZO
MarineMax Trading Down 0.3%
MarineMax (NYSE:HZO – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $611.26 million for the quarter, compared to the consensus estimate of $682.29 million. MarineMax had a net margin of 0.18% and a return on equity of 1.51%. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the prior year, the business earned ($2.42) earnings per share. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, sell-side analysts predict that MarineMax, Inc. will post 0.69 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of MarineMax in the 2nd quarter worth approximately $116,412,000. Boothbay Fund Management LLC increased its holdings in MarineMax by 13.0% during the 4th quarter. Boothbay Fund Management LLC now owns 774,918 shares of the specialty retailer’s stock valued at $18,776,000 after purchasing an additional 89,080 shares in the last quarter. CenterBook Partners LP raised its position in MarineMax by 74.7% in the 4th quarter. CenterBook Partners LP now owns 532,452 shares of the specialty retailer’s stock valued at $12,901,000 after purchasing an additional 227,734 shares during the last quarter. Royce & Associates LP raised its position in MarineMax by 2.4% in the 4th quarter. Royce & Associates LP now owns 404,156 shares of the specialty retailer’s stock valued at $9,793,000 after purchasing an additional 9,660 shares during the last quarter. Finally, Gagnon Securities LLC boosted its stake in MarineMax by 23.2% in the fourth quarter. Gagnon Securities LLC now owns 322,053 shares of the specialty retailer’s stock worth $7,803,000 after purchasing an additional 60,704 shares in the last quarter. Institutional investors own 92.85% of the company’s stock.
About MarineMax
MarineMax, Inc is a recreational-boat retailer and services company based in Clearwater, Florida. The company sells new and pre-owned powerboats and yachts from a range of manufacturers, serving consumers seeking boats for cruising, fishing, watersports and other leisure activities.
In addition to boat sales, MarineMax provides related services including brokerage, financing, insurance, maintenance, repair, parts and storage. Its operations also include marinas and boating-related hospitality or charter services in select markets, allowing the company to support customers throughout the ownership lifecycle.
MarineMax primarily serves customers in the United States through a network of dealerships and marinas, with a particularly strong presence in Florida and other coastal markets, as well as locations in regions such as the Northeast, Midwest, Southeast and Texas.
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