MarineMax (NYSE:HZO) Stock Price Down 8.5% – What’s Next?

MarineMax, Inc. (NYSE:HZO) fell 8.5% during mid-day trading on Tuesday . The company traded as low as $26.38 and last traded at $26.36. 133,662 shares changed hands during trading, a decline of 53% from the average session volume of 282,558 shares. The stock had previously closed at $28.82.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen upgraded MarineMax from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Truist Financial upped their price target on MarineMax from $26.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Citigroup reissued a “buy” rating on shares of MarineMax in a report on Wednesday, January 14th. Weiss Ratings restated a “sell (d)” rating on shares of MarineMax in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of MarineMax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Six research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $33.00.

MarineMax Stock Performance

The company has a quick ratio of 0.32, a current ratio of 1.20 and a debt-to-equity ratio of 0.38. The firm has a 50-day simple moving average of $24.82 and a 200 day simple moving average of $25.24. The company has a market cap of $582.25 million, a price-to-earnings ratio of -17.18 and a beta of 1.65.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, November 13th. The specialty retailer reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.11. MarineMax had a negative net margin of 1.37% and a positive return on equity of 2.00%. The business had revenue of $552.15 million for the quarter, compared to analyst estimates of $533.05 million. During the same period last year, the firm posted $0.24 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, sell-side analysts predict that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MarineMax

Hedge funds have recently made changes to their positions in the business. SWS Partners increased its position in MarineMax by 23.6% in the 4th quarter. SWS Partners now owns 28,392 shares of the specialty retailer’s stock valued at $688,000 after acquiring an additional 5,423 shares during the period. Nisa Investment Advisors LLC lifted its position in MarineMax by 54.8% during 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 period. SG Americas Securities LLC grew its stake in shares of MarineMax by 47.2% in the 4th quarter. SG Americas Securities LLC now owns 33,588 shares of the specialty retailer’s stock valued at $814,000 after purchasing an additional 10,775 shares during the last quarter. Acuitas Investments LLC increased its holdings in shares of MarineMax by 24.9% in the third quarter. Acuitas Investments LLC now owns 131,538 shares of the specialty retailer’s stock valued at $3,332,000 after purchasing an additional 26,257 shares during the period. Finally, Caxton Associates LLP raised its stake in shares of MarineMax by 16.0% during the third quarter. Caxton Associates LLP now owns 52,820 shares of the specialty retailer’s stock worth $1,338,000 after purchasing an additional 7,280 shares during the last quarter. Institutional investors and hedge funds 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.