MarineMax (NYSE:HZO) Sets New 52-Week High – Time to Buy?

MarineMax, Inc. (NYSE:HZO – Get Free Report) hit a new 52-week high on Friday. The company traded as high as $52.76 and last traded at $52.65, with a volume of 987,612 shares trading hands. The stock had previously closed at $52.59.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Citigroup downgraded MarineMax from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $41.00 to $53.00 in a report on Friday, October 2nd. Weiss Ratings upgraded MarineMax from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Loop Capital cut MarineMax from a “buy” rating to a “hold” rating and set a $53.00 target price for the company. in a research note on Tuesday, August 11th. Benchmark downgraded shares of MarineMax from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, B. Riley Financial lowered shares of MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a research note on Tuesday, July 21st. Eight equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $44.67.

View Our Latest Stock Report on HZO

MarineMax Trading Up 0.1%

The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 376.07 and a beta of 1.70. The business’s 50 day moving average price is $52.35 and its 200-day moving average price is $37.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 1.23.

Institutional Trading of MarineMax

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in MarineMax in the second quarter worth $116,412,000. De Lisle Partners LLP bought a new stake in MarineMax during the second quarter valued at $6,170,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in MarineMax by 857,142.9% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 180,021 shares of the specialty retailer’s stock valued at $4,871,000 after purchasing an additional 180,000 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in MarineMax during the second quarter valued at $4,535,000. Finally, Round Rock Advisors LLC raised its holdings in shares of MarineMax by 92.0% during the second quarter. Round Rock Advisors LLC now owns 120,030 shares of the specialty retailer’s stock worth $4,395,000 after purchasing an additional 57,521 shares during the period. 92.85% of the stock is owned by institutional investors.

MarineMax Company Profile

(Get Free Report)

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.

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