MarineMax (NYSE:HZO) Price Target Raised to $39.00 at Truist Financial

MarineMax (NYSE:HZO) had its target price hoisted by Truist Financial from $34.00 to $39.00 in a research report report published on Monday morning, Marketbeat reports. They currently have a buy rating on the specialty retailer’s stock.

A number of other brokerages also recently weighed in on HZO. Weiss Ratings raised shares of MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. B. Riley Financial reissued a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Finally, Citigroup restated 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 given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $33.00.

MarineMax Trading Up 0.3%

NYSE HZO opened at $35.44 on Monday. 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 has a 12 month low of $21.41 and a 12 month high of $38.14. The company has a market capitalization of $780.72 million, a PE ratio of -11.88 and a beta of 1.58. The stock has a 50-day simple moving average of $33.77 and a 200 day simple moving average of $29.69.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HZO. Nisa Investment Advisors LLC lifted its holdings in shares of MarineMax by 54.8% in the fourth 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. Russell Investments Group Ltd. grew its holdings in shares of 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 last quarter. Fifth Third Bancorp grew its holdings in shares of MarineMax by 3,613.3% during the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 4,083 shares during the last quarter. 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 worth $135,000 after purchasing an additional 2,996 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new position in MarineMax during the 1st quarter worth approximately $168,000. Institutional investors and hedge funds 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.