MarineMax (NYSE:HZO) Stock Price Passes Above 200 Day Moving Average – Here’s Why

MarineMax, Inc. (NYSE:HZO)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $29.48 and traded as high as $36.86. MarineMax shares last traded at $35.9280, with a volume of 193,488 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HZO shares. B. Riley Financial reiterated a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Weiss Ratings raised shares of MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Citigroup reissued a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Finally, Truist Financial set a $34.00 target price on MarineMax in a report on Tuesday, April 21st. Five equities 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.75.

MarineMax Price Performance

The business has a 50-day moving average of $33.45 and a 200 day moving average of $29.48. The company has a current ratio of 1.18, a quick ratio of 0.32 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $791.49 million, a P/E ratio of -12.22 and a beta of 1.58.

MarineMax (NYSE:HZO) last announced its quarterly earnings data 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 during 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 revenue for the quarter was down 16.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. 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 earnings per share for the current fiscal year.

MarineMax declared that its Board of Directors has initiated a share repurchase 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 purchase up to 15.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of MarineMax

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its holdings in MarineMax by 54.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock worth $26,000 after buying an additional 374 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of MarineMax by 93.5% during the third quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 808 shares during the last quarter. Fifth Third Bancorp increased its position in shares of MarineMax by 3,613.3% during the first quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer’s stock worth $114,000 after acquiring an additional 4,083 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings 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 worth $135,000 after acquiring an additional 2,996 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in 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 acquiring an additional 6,666 shares in the last quarter. Institutional investors own 92.85% of the company’s stock.

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.