MarineMax, Inc. (NYSE:HZO – Get Free Report)’s stock price reached a new 52-week high during trading on Thursday. The stock traded as high as $52.59 and last traded at $52.5950, with a volume of 358,631 shares changing hands. The stock had previously closed at $52.42.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on HZO shares. Truist Financial lowered MarineMax from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $39.00 to $53.00 in a research note on Wednesday, August 12th. B. Riley Financial downgraded MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a research note on Tuesday, July 21st. Citigroup downgraded MarineMax from a “buy” rating to a “neutral” rating and raised their target price for the stock from $41.00 to $53.00 in a research note on Friday, October 2nd. Loop Capital lowered MarineMax from a “buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a report on Tuesday, August 11th. Finally, Northcoast Research cut shares of MarineMax from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Eight equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, MarineMax currently has a consensus rating of “Hold” and an average price target of $44.67.
View Our Latest Research Report on MarineMax
MarineMax Stock Performance
The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.34. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 375.89 and a beta of 1.70. The firm has a 50 day simple moving average of $52.29 and a 200-day simple moving average of $40.31.
MarineMax (NYSE:HZO – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $611.26 million during the quarter, compared to analyst estimates of $682.29 million. MarineMax had a net margin of 0.18% and a return on equity of 1.51%. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period last year, the company earned ($2.42) EPS. As a group, analysts predict that MarineMax, Inc. will post 0.69 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its holdings in shares of MarineMax by 42.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,754 shares of the specialty retailer’s stock valued at $92,000 after buying an additional 519 shares during the period. GAMMA Investing LLC lifted its stake in MarineMax by 29.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,505 shares of the specialty retailer’s stock worth $131,000 after acquiring an additional 564 shares in the last quarter. Arizona State Retirement System purchased a new position in MarineMax during the 2nd quarter valued at about $200,000. Amundi purchased a new position in MarineMax during the 2nd quarter valued at about $226,000. Finally, Round Rock Advisors LLC boosted its holdings in MarineMax by 92.0% during the 2nd quarter. Round Rock Advisors LLC now owns 120,030 shares of the specialty retailer’s stock valued at $4,395,000 after acquiring an additional 57,521 shares during the period. Hedge funds and other institutional investors own 92.85% of the company’s stock.
MarineMax Company Profile
MarineMax, Inc is a recreational boat and yacht retailer based in Clearwater, Florida. The company sells new and pre-owned powerboats, sailboats, yachts and related marine products through a network of dealerships and brokerage operations.
In addition to boat sales, MarineMax provides maintenance, repair, storage, parts and other marina services. It also offers financing and insurance products through third-party relationships, as well as charter, yacht-management and boating-lifestyle services through its affiliated businesses.
MarineMax serves customers primarily in the United States, with operations concentrated in boating markets including Florida, the Northeast, the Midwest and other coastal and inland regions.
Featured Articles
- Five stocks we like better than MarineMax
- Is Texas Instruments Setting Up for Its Next Big Breakout?
- Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow
- Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was
- Tesla’s Flying-Car Hype Hits an Earnings Reality Check
Receive News & Ratings for MarineMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarineMax and related companies with MarketBeat.com's FREE daily email newsletter.
