MarineMax, Inc. (NYSE:HZO) Short Interest Up 5.3% in December

MarineMax, Inc. (NYSE:HZO – Get Rating) was the target of a significant growth in short interest during the month of December. As of December 30th, there was short interest totalling 2,780,000 shares, a growth of 5.3% from the December 15th total of 2,640,000 shares. Based on an average trading volume of 345,300 shares, the short-interest ratio is presently 8.1 days. Currently, 13.2% of the company’s shares are short sold.

Analysts Set New Price Targets

HZO has been the topic of a number of research analyst reports. Citigroup cut their price target on shares of MarineMax from $43.00 to $39.00 in a report on Friday, October 28th. Stifel Nicolaus initiated coverage on shares of MarineMax in a report on Wednesday, December 14th. They issued a “buy” rating and a $40.00 price target on the stock. B. Riley upped their price target on shares of MarineMax from $32.00 to $35.00 in a report on Friday, October 28th. Truist Financial cut their price target on shares of MarineMax from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, October 5th. Finally, DA Davidson cut their price target on shares of MarineMax to $44.00 in a report on Tuesday, November 1st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $43.00.

MarineMax Stock Down 0.9 %

NYSE:HZO opened at $33.79 on Wednesday. MarineMax has a 1-year low of $27.40 and a 1-year high of $50.32. The company has a 50-day moving average of $32.34 and a 200 day moving average of $34.11. The firm has a market cap of $738.18 million, a PE ratio of 3.81 and a beta of 1.58. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.83 and a quick ratio of 0.73.

MarineMax (NYSE:HZO – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The specialty retailer reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.73. MarineMax had a net margin of 8.58% and a return on equity of 28.48%. The company had revenue of $536.76 million during the quarter, compared to analyst estimates of $508.95 million. As a group, research analysts anticipate that MarineMax will post 7.98 EPS for the current fiscal year.

Hedge Funds Weigh In On MarineMax

Several hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC acquired a new position in MarineMax in the 2nd quarter worth approximately $25,000. US Bancorp DE lifted its holdings in MarineMax by 149.0% in the 1st quarter. US Bancorp DE now owns 757 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 453 shares in the last quarter. Amundi lifted its holdings in MarineMax by 74.7% in the 2nd quarter. Amundi now owns 1,385 shares of the specialty retailer’s stock valued at $53,000 after purchasing an additional 592 shares in the last quarter. KBC Group NV purchased a new position in MarineMax in the 2nd quarter valued at $65,000. Finally, Focused Wealth Management Inc purchased a new position in shares of MarineMax during the 2nd quarter worth $72,000. Institutional investors and hedge funds own 95.93% of the company’s stock.

MarineMax Company Profile

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MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.