Analysts Set MarineMax, Inc. (NYSE:HZO) Price Target at $43.00

MarineMax, Inc. (NYSE:HZO) has earned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $43.00.

HZO has been the topic of a number of recent research reports. Benchmark downgraded MarineMax from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Truist Financial downgraded MarineMax from a “buy” rating to a “hold” rating and raised their price target for the stock from $39.00 to $53.00 in a research note on Wednesday, August 12th. Northcoast Research lowered MarineMax from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. B. Riley Financial cut 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, Loop Capital downgraded MarineMax from a “buy” rating to a “hold” rating and set a $53.00 price objective on the stock. in a report on Tuesday, August 11th.

MarineMax Trading Up 0.1%

Shares of NYSE:HZO opened at $52.22 on Friday. The firm has a fifty day moving average of $41.86 and a two-hundred day moving average of $34.53. 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 has a 12-month low of $21.42 and a 12-month high of $52.46. The firm has a market capitalization of $1.15 billion, a P/E ratio of 373.00 and a beta of 1.66.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). MarineMax had a return on equity of 1.51% and a net margin of 0.18%.The company had revenue of $611.26 million during the quarter, compared to analyst estimates of $682.29 million. During the same period last year, the company posted ($2.42) earnings per share. The company’s revenue was down 7.0% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, equities analysts expect that MarineMax will post 0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its position in shares of MarineMax by 6.9% in the first quarter. Royal Bank of Canada now owns 140,829 shares of the specialty retailer’s stock worth $3,027,000 after buying an additional 9,050 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of MarineMax by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock valued at $278,000 after acquiring an additional 546 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of MarineMax during the 1st quarter valued at about $168,000. Goldman Sachs Group Inc. raised its stake in shares of MarineMax by 69.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock valued at $7,496,000 after acquiring an additional 142,775 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in MarineMax by 115.6% in the 2nd quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock worth $18,002,000 after purchasing an additional 383,926 shares during the last quarter. Institutional investors own 92.85% of the company’s stock.

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.