SWS Partners Purchases Shares of 29,957 MarineMax, Inc. $HZO

SWS Partners acquired a new position in shares of MarineMax, Inc. (NYSE:HZO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 29,957 shares of the specialty retailer’s stock, valued at approximately $1,097,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. raised its position 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 valued at $42,000 after purchasing an additional 808 shares during the period. GAMMA Investing LLC boosted its holdings 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 worth $71,000 after buying an additional 360 shares during the period. Fifth Third Bancorp grew its stake in MarineMax by 3,613.3% in the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 4,083 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in MarineMax by 129.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock valued at $135,000 after buying an additional 2,996 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new position in MarineMax in the 1st quarter valued at about $168,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Stock Performance

NYSE HZO opened at $52.05 on Friday. The firm has a 50-day moving average price of $36.60 and a two-hundred day moving average price of $32.03. MarineMax, Inc. has a 12-month low of $21.42 and a 12-month high of $52.46. 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 quick ratio of 0.34, a current ratio of 1.23 and a debt-to-equity ratio of 0.35.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HZO shares. Truist Financial downgraded shares of MarineMax from a “buy” rating to a “hold” rating and raised their price objective for the stock from $39.00 to $53.00 in a research report on Wednesday. Northcoast Research downgraded MarineMax from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Weiss Ratings raised MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 24th. B. Riley Financial downgraded MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a research note on Tuesday, July 21st. Finally, Benchmark lowered MarineMax from a “buy” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.00.

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.