Gagnon Advisors LLC Purchases 42,639 Shares of MarineMax, Inc. $HZO

Gagnon Advisors LLC grew its position in MarineMax, Inc. (NYSE:HZO) by 28.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 194,484 shares of the specialty retailer’s stock after acquiring an additional 42,639 shares during the quarter. MarineMax accounts for 3.0% of Gagnon Advisors LLC’s portfolio, making the stock its 16th biggest holding. Gagnon Advisors LLC owned approximately 0.88% of MarineMax worth $4,712,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its stake in MarineMax by 54.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 374 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of MarineMax by 0.7% in the 3rd quarter. Rhumbline Advisers now owns 65,383 shares of the specialty retailer’s stock valued at $1,656,000 after purchasing an additional 439 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $278,000 after purchasing an additional 546 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of MarineMax by 3.0% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 22,400 shares of the specialty retailer’s stock valued at $563,000 after purchasing an additional 646 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of MarineMax by 5.2% in the 4th quarter. Deutsche Bank AG now owns 14,956 shares of the specialty retailer’s stock valued at $362,000 after purchasing an additional 746 shares during the last quarter. Institutional investors own 92.85% of the company’s stock.

Analysts Set New Price Targets

HZO has been the subject of several analyst reports. B. Riley Financial reaffirmed a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Weiss Ratings raised MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Citigroup reaffirmed a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Finally, Truist Financial set a $34.00 price objective on MarineMax in a research note on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $31.80.

MarineMax Trading Up 1.4%

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

MarineMax (NYSE:HZO) last released 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. The firm had revenue of $527.41 million for the quarter, compared to analysts’ expectations of $617.21 million. MarineMax had a positive return on equity of 0.68% and a negative net margin of 2.83%.The company’s quarterly revenue was down 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 earnings per share. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, equities analysts forecast that MarineMax, Inc. will post 0.74 EPS for the current year.

MarineMax declared that its board has approved a share repurchase plan on Wednesday, March 4th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the specialty retailer to reacquire up to 15.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is 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.