MarineMax, Inc. (NYSE:HZO) Given Average Recommendation of “Moderate Buy” by Analysts

MarineMax, Inc. (NYSE:HZO) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, MarketBeat 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 brokerages that have updated their coverage on the stock in the last year is $31.75.

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

Institutional Investors Weigh In On MarineMax

A number of large investors have recently made changes to their positions in the company. Pacer Advisors Inc. acquired a new stake in shares of MarineMax during the first quarter valued at approximately $4,050,000. Bank of America Corp DE raised its holdings in shares of MarineMax by 19.8% during the first quarter. Bank of America Corp DE now owns 151,964 shares of the specialty retailer’s stock valued at $4,112,000 after acquiring an additional 25,063 shares during the period. RBF Capital LLC raised its holdings in shares of MarineMax by 32.8% during the first quarter. RBF Capital LLC now owns 106,830 shares of the specialty retailer’s stock valued at $2,891,000 after acquiring an additional 26,410 shares during the period. Empowered Funds LLC raised its holdings in shares of MarineMax by 9.8% during the first quarter. Empowered Funds LLC now owns 103,784 shares of the specialty retailer’s stock valued at $2,808,000 after acquiring an additional 9,262 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in shares of MarineMax by 17.4% during the first quarter. Quantinno Capital Management LP now owns 31,127 shares of the specialty retailer’s stock valued at $842,000 after acquiring an additional 4,615 shares during the period. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Trading Down 0.4%

Shares of NYSE:HZO opened at $34.81 on Friday. The company has a 50 day moving average of $32.24 and a 200-day moving average of $28.78. The firm has a market cap of $766.84 million, a P/E ratio of -11.84 and a beta of 1.59. MarineMax has a twelve month low of $21.41 and a twelve month high of $36.25. The company has a current ratio of 1.18, a quick ratio of 0.32 and a debt-to-equity ratio of 0.36.

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

MarineMax announced that its board has approved a share repurchase program on Wednesday, March 4th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to purchase up to 15.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

MarineMax Company Profile

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.