Gagnon Securities LLC Boosts Stock Holdings in MarineMax, Inc. $HZO

Gagnon Securities LLC raised its holdings in shares of MarineMax, Inc. (NYSE:HZO) by 23.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 322,053 shares of the specialty retailer’s stock after purchasing an additional 60,704 shares during the period. MarineMax accounts for about 1.6% of Gagnon Securities LLC’s portfolio, making the stock its 22nd largest position. Gagnon Securities LLC owned 1.46% of MarineMax worth $7,803,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its position in MarineMax by 54.8% during 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 period. Russell Investments Group Ltd. increased its position in MarineMax by 93.5% during 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 period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in MarineMax by 129.3% during 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 period. Jones Financial Companies Lllp purchased a new position in MarineMax during the 1st quarter valued at about $168,000. Finally, DRW Securities LLC purchased a new position in MarineMax during the 4th quarter valued at about $218,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on HZO. B. Riley Financial reissued a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Truist Financial set a $34.00 target price on shares of MarineMax in a research report on Tuesday, April 21st. Weiss Ratings raised shares of MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Finally, Citigroup reaffirmed a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, MarineMax currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.80.

MarineMax Stock Up 1.4%

Shares of MarineMax stock opened at $34.08 on Friday. The firm’s 50 day moving average price is $31.56 and its 200-day moving average price is $28.43. The company has a quick ratio of 0.32, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. MarineMax, Inc. has a 52-week low of $21.41 and a 52-week high of $36.25. The company has a market cap of $750.67 million, a P/E ratio of -11.59 and a beta of 1.59.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. The firm had revenue of $527.41 million for the quarter, compared to the consensus estimate of $617.21 million. MarineMax had a negative net margin of 2.83% and a positive return on equity of 0.68%. The company’s quarterly revenue was down 16.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, sell-side analysts predict that MarineMax, Inc. will post 0.74 EPS for the current fiscal year.

MarineMax announced that its board has authorized a stock repurchase program on Wednesday, March 4th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to buy up to 15.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

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.