MarineMax (NYSE:HZO) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of MarineMax, Inc. (NYSE:HZO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $24.11 and traded as high as $26.66. MarineMax shares last traded at $26.47, with a volume of 162,381 shares trading hands.

Analyst Ratings Changes

A number of research firms have issued reports on HZO. Weiss Ratings restated a “sell (d)” rating on shares of MarineMax in a research report on Wednesday, October 8th. Wall Street Zen cut shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Truist Financial boosted their price target on shares of MarineMax from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. B. Riley reiterated a “buy” rating on shares of MarineMax in a research report on Friday, July 25th. Finally, Zacks Research upgraded shares of MarineMax from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.00.

MarineMax Price Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 1.21 and a quick ratio of 0.29. The firm’s 50 day moving average is $26.09 and its 200 day moving average is $24.11. The firm has a market cap of $568.09 million, a P/E ratio of -19.75 and a beta of 1.53.

MarineMax (NYSE:HZO) last posted its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.49 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.67). MarineMax had a positive return on equity of 2.63% and a negative net margin of 1.15%.The business had revenue of $657.16 million for the quarter, compared to the consensus estimate of $737.82 million. During the same period in the previous year, the firm earned $1.51 EPS. The company’s revenue was down 13.3% on a year-over-year basis. MarineMax has set its FY 2025 guidance at 0.450-0.950 EPS. As a group, analysts anticipate that MarineMax, Inc. will post 2.41 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO W Brett Mcgill sold 60,000 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $27.53, for a total transaction of $1,651,800.00. Following the sale, the chief executive officer owned 173,038 shares of the company’s stock, valued at $4,763,736.14. The trade was a 25.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.00% of the stock is owned by insiders.

Institutional Investors Weigh In On MarineMax

Hedge funds have recently bought and sold shares of the business. Interval Partners LP boosted its stake in MarineMax by 181.2% during the first quarter. Interval Partners LP now owns 241,139 shares of the specialty retailer’s stock worth $5,184,000 after acquiring an additional 155,382 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of MarineMax by 69.3% in the first quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock worth $7,496,000 after buying an additional 142,775 shares in the last quarter. Nuveen LLC bought a new position in shares of MarineMax in the first quarter worth approximately $1,856,000. Principal Financial Group Inc. lifted its stake in shares of MarineMax by 3.2% in the first quarter. Principal Financial Group Inc. now owns 99,611 shares of the specialty retailer’s stock worth $2,142,000 after buying an additional 3,107 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of MarineMax by 2.5% in the first quarter. Vanguard Group Inc. now owns 1,532,153 shares of the specialty retailer’s stock worth $32,941,000 after buying an additional 37,154 shares in the last quarter. Institutional investors own 92.85% of the company’s stock.

MarineMax Company Profile

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.