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

MarineMax, Inc. (NYSE:HZO) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $30.80.

A number of research analysts have issued reports on the company. National Bank Financial set a $35.00 price objective on MarineMax in a research note on Friday, January 30th. Benchmark restated a “buy” rating on shares of MarineMax in a report on Friday, January 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of MarineMax in a research note on Thursday, January 22nd. Citigroup reissued a “buy” rating on shares of MarineMax in a research report on Wednesday, January 14th. Finally, Loop Capital began coverage on shares of MarineMax in a research note on Monday, December 22nd. They set a “buy” rating and a $29.00 price objective for the company.

MarineMax Trading Up 2.2%

NYSE:HZO opened at $29.01 on Monday. The firm has a market capitalization of $639.00 million, a P/E ratio of -10.82 and a beta of 1.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.19 and a quick ratio of 0.29. MarineMax has a one year low of $16.85 and a one year high of $31.60. The company’s 50-day simple moving average is $26.81 and its 200 day simple moving average is $25.67.

MarineMax (NYSE:HZO) last released its earnings results on Thursday, January 29th. The specialty retailer reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.09). The business had revenue of $505.18 million for the quarter, compared to analysts’ expectations of $481.67 million. MarineMax had a negative net margin of 2.46% and a positive return on equity of 1.13%. MarineMax’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 earnings per share. As a group, analysts forecast that MarineMax will post 2.41 EPS for the current fiscal year.

Institutional Trading of MarineMax

Several institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its stake in shares of MarineMax by 16.6% in the 2nd quarter. American Century Companies Inc. now owns 2,432,173 shares of the specialty retailer’s stock worth $61,145,000 after purchasing an additional 345,833 shares during the period. State Street Corp increased its holdings in MarineMax by 11.0% during the fourth quarter. State Street Corp now owns 953,009 shares of the specialty retailer’s stock valued at $23,091,000 after buying an additional 94,356 shares during the last quarter. Levin Capital Strategies L.P. raised its position in MarineMax by 44.5% in the second quarter. Levin Capital Strategies L.P. now owns 734,279 shares of the specialty retailer’s stock worth $18,460,000 after acquiring an additional 225,992 shares during the period. Invesco Ltd. raised its position in MarineMax by 115.6% in the second quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock worth $18,002,000 after acquiring an additional 383,926 shares during the period. Finally, Boothbay Fund Management LLC purchased a new position in shares of MarineMax during the 3rd quarter worth $17,372,000. 92.85% of the stock is currently 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.