MarineMax (NYSE:HZO) Sets New 52-Week High – Here’s What Happened

Shares of MarineMax, Inc. (NYSE:HZO) reached a new 52-week high during trading on Monday . The stock traded as high as $51.95 and last traded at $51.8950, with a volume of 1621051 shares changing hands. The stock had previously closed at $35.68.

Analysts Set New Price Targets

Several analysts have weighed in on HZO shares. Citigroup reissued a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Truist Financial boosted their target price on MarineMax from $34.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Northcoast Research set a $39.00 target price on MarineMax in a report on Friday, July 24th. Weiss Ratings upgraded MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. Finally, B. Riley Financial cut MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a research note on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $35.40.

MarineMax Stock Up 45.9%

The company has a market capitalization of $1.15 billion, a P/E ratio of 371.78 and a beta of 1.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.34. The company has a 50 day moving average of $34.83 and a 200-day moving average of $31.21.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The business had revenue of $611.26 million for the quarter, compared to the consensus estimate of $682.29 million. MarineMax had a net margin of 0.18% and a return on equity of 1.51%. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the company earned ($2.42) EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, equities analysts anticipate that MarineMax, Inc. will post 0.69 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HZO. BlackRock Inc. purchased a new stake in shares of MarineMax in the 2nd quarter worth about $116,412,000. Deutsche Bank AG bought a new stake in MarineMax during the 2nd quarter valued at approximately $766,000. Bank of New York Mellon Corp bought a new position in shares of MarineMax in the 2nd quarter worth approximately $4,535,000. SWS Partners purchased a new position in shares of MarineMax in the 2nd quarter valued at approximately $1,097,000. Finally, GAMMA Investing LLC grew its stake in MarineMax by 22.8% in the second quarter. GAMMA Investing LLC now owns 1,941 shares of the specialty retailer’s stock worth $71,000 after purchasing an additional 360 shares during the period. 92.85% of the stock is owned by hedge funds and other institutional investors.

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.