MarineMax (NYSE:HZO) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

MarineMax, Inc. (NYSE:HZO) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.92 and traded as high as $34.82. MarineMax shares last traded at $34.6060, with a volume of 326,335 shares.

Analysts Set New Price Targets

HZO has been the topic of several recent research reports. Weiss Ratings raised MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Truist Financial set a $34.00 target price on MarineMax in a research note on Tuesday, April 21st. Citigroup reaffirmed a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Five investment 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.80.

MarineMax Stock Down 0.4%

The firm has a 50 day simple moving average of $30.55 and a two-hundred day simple moving average of $27.92. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.32 and a current ratio of 1.18. The stock has a market cap of $762.37 million, a P/E ratio of -11.77 and a beta of 1.59.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share for the quarter, beating the consensus estimate 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 positive return on equity of 0.68% and a negative net margin of 2.83%.The firm’s revenue for the quarter was down 16.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Equities research analysts predict that MarineMax, Inc. will post 0.74 earnings per share for the current year.

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

Institutional Trading of MarineMax

A number of hedge funds and other institutional investors have recently modified their holdings of HZO. Royal Bank of Canada raised its stake in shares of MarineMax by 6.9% in the 1st quarter. Royal Bank of Canada now owns 140,829 shares of the specialty retailer’s stock worth $3,027,000 after buying an additional 9,050 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of MarineMax by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock worth $278,000 after buying an additional 546 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of MarineMax in the 1st quarter worth $168,000. Goldman Sachs Group Inc. raised its stake in shares of MarineMax by 69.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock worth $7,496,000 after buying an additional 142,775 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of MarineMax by 115.6% in the 2nd quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock worth $18,002,000 after buying an additional 383,926 shares in the last quarter. Institutional investors own 92.85% of the company’s stock.

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.