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

Shares of MarineMax, Inc. (NYSE:HZO) have been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $31.80.

HZO has been the subject of a number of analyst reports. Truist Financial set a $34.00 target price on shares of MarineMax in a research report on Tuesday, April 21st. National Bank Financial set a $35.00 target price on shares of MarineMax in a research report on Friday, January 30th. B. Riley Financial reissued a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Citigroup reissued a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Finally, Weiss Ratings raised shares of MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th.

MarineMax Trading Down 0.6%

NYSE:HZO opened at $34.70 on Wednesday. MarineMax has a 52 week low of $20.52 and a 52 week high of $36.25. The firm has a 50 day moving average of $29.45 and a 200 day moving average of $27.44. The company has a quick ratio of 0.32, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $764.44 million, a price-to-earnings ratio of -11.80 and a beta of 1.55.

MarineMax (NYSE:HZO) last posted its earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. MarineMax had a negative net margin of 2.83% and a positive return on equity of 0.68%. The company had revenue of $527.41 million during the quarter, compared to analysts’ expectations of $617.21 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. MarineMax’s revenue for the quarter was down 16.5% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, sell-side analysts anticipate that MarineMax will post 0.74 earnings per share for the current fiscal year.

MarineMax declared that its Board of Directors has approved a stock buyback plan on Wednesday, March 4th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 15.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On MarineMax

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its position in shares of MarineMax by 54.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 374 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of MarineMax by 93.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 808 shares during the last quarter. Fifth Third Bancorp raised its position in shares of MarineMax by 3,613.3% in the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 4,083 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of MarineMax by 129.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock valued at $135,000 after purchasing an additional 2,996 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in shares of MarineMax by 5,419.5% in the 1st quarter. Bessemer Group Inc. now owns 6,789 shares of the specialty retailer’s stock valued at $184,000 after purchasing an additional 6,666 shares during the last quarter. 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.