MarineMax, Inc. (NYSE:HZO) Given Consensus Rating of “Moderate Buy” by Brokerages

MarineMax, Inc. (NYSE:HZO) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $33.00.

HZO has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of MarineMax in a research note on Wednesday, October 8th. Loop Capital initiated coverage on MarineMax in a report on Monday, December 22nd. They issued a “buy” rating and a $29.00 price target for the company. Truist Financial increased their price target on MarineMax from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Zacks Research cut MarineMax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Finally, Wall Street Zen raised MarineMax from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd.

MarineMax Trading Down 1.0%

MarineMax stock opened at $24.54 on Friday. The firm has a market cap of $536.58 million, a PE ratio of -15.83 and a beta of 1.66. MarineMax has a 12 month low of $16.85 and a 12 month high of $33.28. The stock’s 50 day simple moving average is $24.39 and its two-hundred day simple moving average is $25.14. The company has a current ratio of 1.20, a quick ratio of 0.32 and a debt-to-equity ratio of 0.38.

MarineMax (NYSE:HZO) last posted its earnings results on Thursday, November 13th. The specialty retailer reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.11. MarineMax had a negative net margin of 1.37% and a positive return on equity of 2.00%. The firm had revenue of $552.15 million during the quarter, compared to analysts’ expectations of $533.05 million. During the same period in the previous year, the business posted $0.24 EPS. The business’s revenue was down 1.9% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Analysts anticipate that MarineMax will post 2.41 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Levin Capital Strategies L.P. boosted its position in shares of MarineMax by 44.5% during the second quarter. Levin Capital Strategies L.P. now owns 734,279 shares of the specialty retailer’s stock worth $18,460,000 after buying an additional 225,992 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of MarineMax in the 2nd quarter valued at $392,000. Private Management Group Inc. lifted its stake in MarineMax by 4.3% during the 2nd quarter. Private Management Group Inc. now owns 583,220 shares of the specialty retailer’s stock worth $14,662,000 after acquiring an additional 24,124 shares in the last quarter. American Century Companies Inc. lifted its stake in MarineMax by 16.6% during the 2nd quarter. American Century Companies Inc. now owns 2,432,173 shares of the specialty retailer’s stock worth $61,145,000 after acquiring an additional 345,833 shares in the last quarter. Finally, Soviero Asset Management LP purchased a new position in MarineMax during the 2nd quarter valued at about $3,570,000. 92.85% of the stock is owned by hedge funds and other institutional investors.

About MarineMax

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.