MarineMax, Inc. (NYSE:HZO) Receives Consensus Rating of “Moderate Buy” from Brokerages

MarineMax, Inc. (NYSE:HZO) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $31.80.

A number of equities research analysts have recently commented on HZO shares. Zacks Research raised MarineMax from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Truist Financial set a $34.00 price target on shares of MarineMax in a research note on Tuesday, April 21st. Citigroup reissued a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Weiss Ratings restated a “sell (d)” rating on shares of MarineMax in a research note on Tuesday, April 21st. Finally, National Bank Financial set a $35.00 target price on shares of MarineMax in a report on Friday, January 30th.

Hedge Funds Weigh In On MarineMax

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its stake in MarineMax by 54.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 374 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of MarineMax by 93.5% in the third quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 808 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of MarineMax by 3,613.3% in the first quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 4,083 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of MarineMax by 129.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock valued at $135,000 after purchasing an additional 2,996 shares in the last quarter. Finally, Jones Financial Companies Lllp purchased a new stake in shares of MarineMax during the first quarter valued at $168,000. 92.85% of the stock is owned by institutional investors.

MarineMax Stock Performance

Shares of HZO opened at $29.60 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. The stock has a market cap of $652.05 million, a P/E ratio of -10.07 and a beta of 1.65. The business’s 50 day moving average price is $27.92 and its 200-day moving average price is $26.58. MarineMax has a 52 week low of $20.52 and a 52 week high of $32.00.

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, beating analysts’ consensus estimates of ($0.03) by $0.07. The company had revenue of $527.41 million during the quarter, compared to analyst estimates of $617.21 million. MarineMax had a positive return on equity of 0.68% and a negative net margin of 2.83%.The firm’s revenue for the quarter was down 16.5% on a year-over-year basis. During the same quarter last year, the company earned $0.23 EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Equities research analysts anticipate that MarineMax will post 0.74 earnings per share for the current fiscal year.

MarineMax announced that its Board of Directors has authorized a stock buyback plan on Wednesday, March 4th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the specialty retailer to reacquire up to 15.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are 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.