MarineMax (NYSE:HZO) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

MarineMax, Inc. (NYSE:HZO) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $39.96 and traded as high as $52.44. MarineMax shares last traded at $52.3530, with a volume of 917,602 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HZO shares. Loop Capital lowered shares of MarineMax from a “buy” rating to a “hold” rating and set a $53.00 target price on the stock. in a research report on Tuesday, August 11th. Truist Financial cut shares of MarineMax from a “buy” rating to a “hold” rating and increased their price target for the company from $39.00 to $53.00 in a research note on Wednesday, August 12th. B. Riley Financial lowered shares of MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a report on Tuesday, July 21st. Benchmark downgraded MarineMax from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Finally, Weiss Ratings upgraded MarineMax from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Eight research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, MarineMax presently has a consensus rating of “Hold” and an average target price of $44.67.

MarineMax Trading Up 0.1%

The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 374.46 and a beta of 1.70. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 1.23. The business’s 50-day simple moving average is $52.28 and its 200-day simple moving average is $40.13.

MarineMax (NYSE:HZO) last issued its quarterly 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). The business had revenue of $611.26 million for the quarter, compared to analyst estimates of $682.29 million. MarineMax had a return on equity of 1.51% and a net margin of 0.18%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($2.42) EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, research analysts expect that MarineMax, Inc. will post 0.69 earnings per share for the current fiscal year.

Institutional Trading of MarineMax

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in MarineMax in the second quarter valued at about $116,412,000. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of MarineMax by 857,142.9% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 180,021 shares of the specialty retailer’s stock worth $4,871,000 after buying an additional 180,000 shares during the period. De Lisle Partners LLP acquired a new position in shares of MarineMax during the 2nd quarter worth about $6,170,000. Pacer Advisors Inc. acquired a new position in shares of MarineMax during the 1st quarter worth about $4,050,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of MarineMax in the 2nd quarter valued at about $4,535,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Company Profile

MarineMax, Inc is a recreational boat and yacht retailer based in Clearwater, Florida. The company sells new and pre-owned powerboats, sailboats, yachts and related marine products through a network of dealerships and brokerage operations.

In addition to boat sales, MarineMax provides maintenance, repair, storage, parts and other marina services. It also offers financing and insurance products through third-party relationships, as well as charter, yacht-management and boating-lifestyle services through its affiliated businesses.

MarineMax serves customers primarily in the United States, with operations concentrated in boating markets including Florida, the Northeast, the Midwest and other coastal and inland regions.