Brokerages Set MarineMax, Inc. (NYSE:HZO) Target Price at $33.00

Shares of MarineMax, Inc. (NYSE:HZO) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $33.00.

HZO has been the topic of several recent analyst reports. Citigroup reissued a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Weiss Ratings upgraded MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. B. Riley Financial reaffirmed a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Finally, Truist Financial upped their target price on MarineMax from $34.00 to $39.00 and gave the company a “buy” rating in a report on Monday, July 6th.

Institutional Investors Weigh In On MarineMax

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HZO. GAMMA Investing LLC boosted its stake in shares of MarineMax by 22.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,941 shares of the specialty retailer’s stock valued at $71,000 after buying an additional 360 shares during the period. Pacer Advisors Inc. acquired a new position in shares of MarineMax in the first quarter worth $4,050,000. Bank of America Corp DE increased its stake in shares of MarineMax by 19.8% in the first quarter. Bank of America Corp DE now owns 151,964 shares of the specialty retailer’s stock worth $4,112,000 after acquiring an additional 25,063 shares during the last quarter. 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 worth $2,891,000 after acquiring an additional 26,410 shares in the last quarter. Finally, 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 worth $2,808,000 after acquiring an additional 9,262 shares in the last quarter. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Trading Down 2.0%

MarineMax stock opened at $33.84 on Thursday. MarineMax has a 52 week low of $21.41 and a 52 week high of $38.14. 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 firm has a market capitalization of $745.50 million, a price-to-earnings ratio of -11.51 and a beta of 1.58. The company has a 50 day moving average price of $34.53 and a 200 day moving average price of $30.40.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.07. The company had revenue of $527.41 million for the quarter, compared to the consensus estimate of $617.21 million. MarineMax had a negative net margin of 2.83% and a positive return on equity of 0.68%. The company’s revenue was down 16.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 EPS. 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.

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.